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To our shareholders,
As we approach the end of 2008, I want to personally thank you our shareholders for your continued support and loyalty to Pacific North West Capital Corp. (PFN), especially during such challenging times. It was a busy year for PFN as we completed drill programs on our Ch�n�ville -- Quebec; Goodnews Bay -- Alaska; and Swayze - Ontario projects. In addition, we were able continue the development of our River Valley PGM project.
Recently we have finalized two acquisitions, the Fiedmont PGM property which we plan to drill in the winter of 2009. (see Fiedmont Press Release).
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![](http://www.pfncapital.com/i/photos/HBarr_july2008_sm1.jpg) | |
On December 18th PFN announced the option to acquire the Nixon Fork Gold Mine in Central Alaska. Nixon Fork is a fully permitted operational mine that is under care and maintenance. For further information please use the following link. (see Nixon Fork Gold Mine Release)
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To help achieve our mandate, two senior geologists were added to our growing team of professionals at Pacific North West Capital Corp., Dr. Jonathan Findlay as our new Vice President of Exploration and Dr. Greg Myers as our new Vice President of Business Development. Dr. Findlay brings 21 years of experience to PFN and is a recognized expert in magmatic Cu-Ni- PGM deposits.
Dr. Findlay is evaluating the PFN project portfolio, with a focus on advancing the River Valley PGM Deposit and identifying high quality PGM and nickel projects for acquisition. |
![](http://www.pfncapital.com/i/photos/greg.jpg) Dr. Myers has 29 years of experience in exploration and mining and is a recognized expert in base and precious metal deposits related to hydrothermal and epithermal mineralization. His mandate is to identify and acquire advanced stage base and precious metal projects including producing mines. Dr. Myers has international experience of which 20 years have been spent on developing projects in Mexico. Recently a wholly owned Mexican subsidiary has been formed and this will be one of the key geographical areas the company will be focusing on going forward. |
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I would also like to take this opportunity to thank John Londry who has been our Vice President of exploration for the past 5 years and has retired as of October 2008. Mr. Londry will continue to act as consultant to PFN and assist us on special projects.
Much has transpired over the last year in the market place and the effects are being felt around the world. Over the years, as a President and CEO of a group of junior exploration companies, I have experienced several cycles in our industry. The resource sector has been severely punished in this downturn more than any I have witnessed. The current market conditions offers Pacific North West Capital Corp. unprecedented opportunities in acquiring key under-valued advanced stage projects. |
![](http://www.pfncapital.com/i/photos/Nixon_fork_2.jpg) Nixon Fork Mining Camp
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![](http://www.pfncapital.com/i/photos/Nixon_fork_1.jpg) |
Management believes the Nixon Fork Mine is the first of several of these types of acquisitions. At the same time the investing public has tremendous opportunities to acquire large positions in select companies as these companies currently trade at their all time lows. Investors should remember that resources at existing mines are finite and will need to be replaced and commodity prices will increase from their current lows as demand increases.
Pacific North West Capital Corp. is well funded and moving into 2009 with an experienced management team and the ability and desire to take advantage of the tremendous opportunities that are available today. Our focus will be to continue to expand our platinum group metals division, acquire advanced stage precious metals projects and to focus on advanced stage base metal projects. Financing mining projects in the next 24 months will require PFN's management to be innovative in an effort to increase shareholder value and we plan to use several methods to complete our objectives. | |
We will continue to focus on our tried and proven method of forming strategic alliances and joint venturing our projects with major mining companies. In order to refrain from diluting the shares of PFN we will also look to take one or more of our key assets public or vend these assets into existing micro cap listed companies whereby PFN would be a strategic shareholder.
We look forward to updating our shareholders through regular press releases, trade shows and our website. For further information on the company please do not hesitate to contact me at hbarr@pfncapital.com, or for our Investor Relations Department call Toll Free at 1.800.667.1870 or email us at info@pfncapital.com.
On behalf of the board of directors and management at Pacific North West Capital Corp., I would like to wish everyone a happy and healthy holiday season and a prosperous new year.
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Yours Sincerely,
"Harry Barr" Harry Barr, President & CEO
For further information, please contact our Investor Relations Department:
Toll Free 1.800.667.1870 Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@pfncapital.com, Web: www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
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This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp.
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Pacific North West Capital Corp.
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EXPLORATION STAGE |
CODE : PFN.TO |
ISIN : CA6949161070 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pacific NorthWest is based in Canada. Pacific NorthWest holds various exploration projects in Canada. Its main exploration properties are NIXON FORK in USA and GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS and DESTINY GOLD in Canada. Pacific NorthWest is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.3 millions, € 927 314). Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.40, and its lowest recent point on January 13, 2014 at CA$ 0.02. Pacific NorthWest has 91 619 461 shares outstanding. |