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About Pacific North West Capital (PFN)

Pacific North West Capital (PFN) is an aggressive acquisition and exploration company and is one of North America's premier explorers of platinum group metals (PGM) and associated base metals. PFN is a multi project company and currently has a $5 Million budget for exploration in 2008.

Strategic Shareholder Stillwater Mining

Stillwater Mining Company (NYSE: SWC) continues to maintain its position as a major Shareholder in PFN through participation in the financings done over the last year and a half. Stillwater has selected PFN as a strategic partner in its search for new PGM deposits in North America.

Stillwater is one of the world's leading producers of PGM's and the only primary producer of palladium in the Western Hemisphere.

"Our investment in Pacific North West Capital Corp. will allow our company to participate in the growth of one of North America's foremost PGM exploration companies."
- Mr. Frank McAllister, Chairman & CEO

Goodnews Bay Platinum Project Alaska

PFN and Stillwater are exploring the Goodnews Bay Platinum Project where numerous rock, shallow soil and deep auger overburden samples have been taken in the Red Mountain and Susie Mountain target areas. This sampling program was completed in 2006 and 2007 and resulted in definition of drilling targets at both Red Mountain and Susie Mountain.

A $1,000,000 budget has commenced with the  objective to drill two or more established targets and to define additional new PGM mineralization.

Coldwell, PGM Project

The Project is within the Alkaline Coldwell Intrusive Complex which hosts a number of PGE and Copper showings and occurrences. Analytical results of lake bottom sediments and prospecting samples collected in September have been sent for assay. A 3,100 line kilometre VTEM airborne survey is presently being flown by Geotech Limited of Aurora, Ontario. According to Mr. John Londry, VP Exploration, "this survey will enhance and better define the mineralized zones and structure of the Eastern Border Gabbrolithology and its extensions associated within the Coldwell Complex".

The PGE and Copper mineralization in the Coldwell has been associated with the Eastern Border Gabbro unit which hosts Benton Resources Ltd 's Skipper Lake, Four Dam Lake occurrences within the Bermuda Property, as well as Marathon PGM Corporation's PGE-Cu Project.

 

River Valley Project, Sudbury, Ontario

PFN is exploring the River Valley projected with joint venture partner Anglo Platinum. Anglo Platinum has committed over $22 million to the River Valley project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding to production.

Measured and indicated resources stand at 30.5 million tonnes containing 953,900 ozs of palladium (0.97 g/t), 329,500 ozs of platinum (0.34 g/t) and 59,500 ozs of gold (0.061 g/t).

Due to demand and recent price increases of PGM's, PFN is re-evaluating the River Valley deposit.
 

2008 Objectives:

• Current review of Project economics

• Re-evaluating the higher grade core

• Potential to expand the current resource (shallow drilling)

• Deep Drilling with objective to outline higher grades and different styles of mineralization

West Timmins Nickel Project, Ontario

The West Timmins project is located adjacent to Xstrata's Montcalm deposit. The deposit contains an estimated resource of 3.7 million tonnes of nickel/copper sulphide. The Montcalm Mine has an expected life of 3.5 years.
 

The West Timmins project was obtained via a joint venture with Xstrata Nickel whereby PFN may earn a 100% interest by spending $4 million over a four year period. Xstrata may earn up to 65% interest by either completing a feasibility study or spending $20 million on a feasibility study. PFN is the project operator.

PFN has begun a UTEM geophysical program to identify further diamond drill locations for 2008.

• West Timmins Project: Xstrata Nickel; Geophysics and drilling planned
• Raglan Hills Project is jointly developed with First Nickel Inc. Geophysics / groundproofing planned for 2008
• Swayze Nickel Project in the Timmins Mining District is jointly developed by Benton Resources Corp. Geophysics, groundproofing and drilling planned for 2008
• Nickel Plats Saskatchewan: $700,000 exploration program underway. Geophysics, groundproofing and drilling planned
• Plans to option/joint venture additional PFN nickel projects

Pacific North West Capital Corp Projects

Platinum Group Metals

PGM Properties & Applications

• Platinum metals have outstanding catalytic properties and are highly resistant to wear and tarnish, making Platinum and Palladium well suited for Fine Jewellery

• Since 1979, the automotive industry has emerged as the principal consumer of PGM's primarily with Pd, Pt, and Rh being used as oxidation catalysts in catalytic converters to lower automobile exhaust emissions

• A wide range of PGM metal alloy compositions are used in mobile phones, auto electronics and semi conductors

• Palladium 103, a radioactive isotope of palladium, is seeing promising applications in the treatment of prostate cancer, with potential use for the treatment of breast cancer

PGM Outlook

Changing Trends:

• Platinum Price reaches an all time high of $2200/oz

• Palladium Price moves off 2003 low of $150/oz back up to $450/oz

• Green Legislations guarantees growth in demand

• Global car production forecast to increase by 13 million vehicles from 2005-2010

• New electronics waste legislation in Europe sees phase out of Pb

• Emerging Markets -- China, India, and Brazil allowing for Increased overall demand

• New Jewellery market for Palladium