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Pacific North West Capital Corp. Appoints New President & COO

07.09.2011  |  CNW

VANCOUVER, Sept. 7, 2011 /CNW/ --
TSX: PFN  OTCQX: PAWEF  FSE: P7J


VANCOUVER, Sept. 7, 2011 /CNW/ - Pacific North West Capital Corp. ('PFN' or 'the Company') (TSX:PFN;
OTCQX:PAWEF; FSE:P7J) announces:


Corporate Change


Harry Barr and the Board of Directors (the ʺBoardʺ) of PFN announce
that, effective today, Mr. Barr has elected to step down as President
of PFN. Dr. William Stone, M.Sc and Ph.D, Geology, has been appointed
as President and Chief Operating Officer. Mr. Barr remains as Chief
Executive Officer and has been appointed Chairman of the Board.


Dr. Stone has held senior positions with international and Canadian
mining and mineral exploration companies based in Vancouver and Toronto
and has more than twenty-five years of exploration experience,
including significant experience with platinum group metals (PGMs) and
nickel-copper sulphides and a wealth of technical and practical
experience. He served as Principal Geologist and Vice President of
Exploration with several Canadian and Australian listed firms,
including positions with WMC Resources Ltd. at Kambalda (Western
Australia), location of world-class nickel sulphide and gold mining
districts.  Dr. Stone was also a Senior Lecturer in Economic Geology
and Geochemistry at the University of Western Australia in Perth.


Dr. Stone joins us from his most recent position as Vice-President of
Exploration, Canada, for Magma Metals Ltd., where he was responsible
for exploration of the recently discovered TBN PGE-Cu-Ni sulphide
deposit near Thunder Bay, Ontario.  Previously he served as Vice
President of Exploration for North American Palladium Ltd., where he
was responsible for PGE exploration at the Lac des Iles Mine near
Thunder Bay and  the APP Joint Venture Project in Finland, and gold
exploration at the Sleeping Giant Mine near Amos, Quebec.


Mr. Barr stated 'We are very pleased to have Bill Stone join us at this juncture when we
are concentrating on advancing our flagship River Valley PGM Project near Sudbury, Ontario. The River Valley Project
is one of North America's newest and largest primary PGM deposits and
Bill's extensive experience will greatly assist us in developing the
River Valley Project to its full potential. Bill will also lead the
initiative to build a more significant exploration presence for PFN in
Canada and elsewhere.'


About Pacific North West Capital Corp


Pacific North West Capital Corp. is a mineral exploration company whose corporate philosophy is to be a project generator, explorer and
project operator with the objective of option / joint venturing its
projects through to production. In January 2011, PFN successfully negotiated the 100% acquisition of
the River Valley PGM Project from Anglo Platinum Limited, making Anglo Platinum the largest shareholder of PFN holding
approximately 9% of the Company (as of July 2011). In special situations, like our 100% owned River
Valley PGM Project, the Company is prepared to fund the project through
to feasibility and into production. The River Valley PGM Project is one of North America's newest and
largest primary platinum group metals (PGM) deposits. The project has
excellent infrastructure support and is located only 60 miles (100 km)
from Sudbury, Ontario, one of Canada's largest mining centres with two
large mineral processing facilities with excess  capacity for
production.


On April 20(th), 2011, PFN announced that it had commenced the Phase I of the $5
million, 15,500 metre drill program for its 100% owned River Valley PGM
Project. As of July 2011, PFN has completed more than 7800 metres of drilling and more
than 140 line km of 3D IP geophysics survey. Work to date at River
Valley suggests that the best potential for economic accumulations of
PGM-Copper-Nickel sulphide mineralization is within the Breccia Zone.
This Zone includes the main mineralized breccia or Main Zone. The Main
Zone occurs within about 20 metres of the intrusive contact with
Archean gneisses. This contact zone extends for over 9 km of prospective strike length,
holds the current defined resource and is the main target of the
Company's renewed exploration efforts.


On April 27(th), 2011, PFN announced a new NI43-101 mineral resource estimate on the
Rock & Roll Gold-Silver-Polymetallic Project, located in Northern BC
(see news release dated April 27(th), 2011). The mineral resource estimate significantly increased the
historic resource. The indicated resource includes: 2,155,679 tonnes grading 0.68 g/t gold ('Au') (47,040 contained oz of
Au), and 82.7 g/t silver (Ag') (5,734,445 contained oz of Ag) at a
cut‐off grade of 0.5 g/t gold equivalent ('AuEq'), including 0.22%
Copper ('Cu') (10,500,833 lbs Cu), 0.22% Lead ('Pb') (10,399,960 lbs
Pb), and 0.94% Zinc ('Zn') (44,522,995 lbs Zn). The Rock & Roll Gold-Silver-Polymetallic Project is under option from
Equity Exploration Consultants Ltd., First Fiscal Enterprises Ltd. and
Pamicon Developments Ltd.  Management is currently finalizing a
technical and financial plan to further develop the Rock & Roll
Project.


PFN is also a significant shareholder of Fire River Gold Corp (FAU:TSX.V), which company is developing the Nixon Fork Gold Mine in Alaska, which is slated for production in summer of 2011. (click here to view Fire River Gold's 2011 President's Message)


Pacific North West Capital Corp. is well funded with an experienced
management team and the ability to take advantage of its growing asset
base in PGMs, gold and base metals. To that end, the Company is in the process of adding key technical and
financial people to our management, advisory team and our board of
directors. PFN has approximately $6.3 million in working capital and
securities and no debt. 


Pacific North West Capital Corp. is an International Metals Group
Company.


(www.Pfncapital.com)


On behalf of the Board of Directors


Harry Barr


Chairman and CEO


Disclaimer: This news release may contain certain 'Forward-Looking
Statements' within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with The
Toronto Stock Exchange, British Columbia Securities Commission and the
United States Securities & Exchange Commission



To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/07/c9254.html

Tel: 1.604.685.1870  Fax: 1.604.685.8045
Email: info@pfncapital.com, or visit www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3



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