TSX: PFN
OTCQX: PAWEF
FRANKFURT: P7J.F
Destiny Gold
August
8, 2011. Vancouver, BC -- Pacific North West Capital Corp. ("PFN" or "the
Company") (TSX:PFN; OTCQX:PAWEF; FSE:P7J) announces that, subject to
regulatory and shareholder approvals, it has entered into a letter agreement ("LA")
with Next Gen Metals Inc. ("Next Gen") (TSX.V:N) whereby Next Gen has
been granted an option ("Option") to acquire the Company's 60% earn-in
option interest ("Option Interest") in the Destiny Gold Project located in
Abitibi-Témiscamingue region of Québec, which Option Interest has been granted
to the Company pursuant to an agreement with Alto Ventures Ltd. ("Alto")(TSX.V:ATV).
Projects
