February
27, 2008, Vancouver, BC -- Pacific North West Capital Corp. (PFN) (TSX:
PFN; OTCBB: PAWEF; Frankfurt: P7J) --
is pleased to announce that it has received a final report for the 2007
work on the new Cheneville claim group in the Province of Qu�bec, over
conductive trends defined by an airborne EM and magnetic survey. A new
sulphide mineralized showing associated with a mafic intrusion has been
identified on the property approximately 18 kilometres
west of the original Cheneville showing (average 1.17gpt Pd, 0.14gpt
Pt, 0.29gpt Au, 1.62 Cu, and 0.35% Ni). Additional work in 2008 will be
required to determine the extent and grades of this new occurrence. This
is part of a cooperation agreement with SOQUEM INC., a company devoted
to mineral exploration in the Province of Qu�bec.
The Taureau reconnaissance program continued to evaluate mafic
intrusions for PGM mineralization in a defined Area of Mutual Interest
(AMI) within the Grenville Province of Qu�bec during 2007 (phase 2). A
$370,000 Phase III program has been recommended and approved to
complete the evaluations of the originally identified mafic intrusions
in the AMI.
SOQUEM is acting as manager of the 50/50 Cooperation Agreement. The
parties have equal representation consisting of two members each on a
Technical Committee responsible for setting programs, budgets, and
schedules..
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly
owned subsidiary of the Soci�t� G�n�rale de Financement du Qu�bec. Under
the terms of the Agreement, PFN and SOQUEM are participating in a 50/50
joint venture with the objective of identifying viable PGM and base
metal properties for further exploration within the AMI.
About SOQUEM INC.
SOQUEM INC. is a wholly owned subsidiary of the Soci�t� G�n�rale de
Financement du Qu�bec ("SGF"). The mission of the SGF, an
industrial and financial holding company, is to undertake economic
development projects in the industrial sector in cooperation with
partners and in compliance with the economic development policies of
the Government of Qu�bec. SOQUEM's head office is located in Val d'Or, with a
regional office in Chibougamau.
About Pacific North West
Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is
a mineral exploration company focused on Platinum Group Metals (PGMs)
and Base Metals. Management's corporate philosophy is to be a Project
Generator, Explorer and Project Operator with the objective of
option/joint venturing projects with major mining companies through to
production. To that end, Pacific North West Capital's current
option/joint ventures agreements are with Anglo Platinum, Stillwater
Mining Company, Xstrata Nickel, First Nickel, Benton Resources and
SOQUEM.
PFN management is currently negotiating and acquiring several new PGM
and Nickel projects throughout North America.
Pacific North West Capital Corp. has over $8 million in working
capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo,
VP Exploration, Pacific North West Capital Corp.
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