May 1, 2006, Vancouver, BC -- Pacific North West Capital
Corp. ("PFN") (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J), is pleased to announce that its common shares have
started trading on the Frankfurt Stock Exchange under the
symbol P7J. PFN
is also pleased to announce that it has entered into an
investor relations agreement with Value Relations GmbH of
Frankfurt, Germany to provide services that include exposure
to individual and institutional investors.
Mr. Harry Barr, President and CEO
of PFN stated, "We believe that this new exposure in
Germany represents a great opportunity to increase our
liquidity and further broaden our shareholder base in
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX:
PFN; OTCBB: PAWEF; Frankfurt: P7J) is an exploration and
development company focused on platinum group metal (PGM)
projects in North America. PFN is currently exploring the
River Valley Project, located near Sudbury Ontario, Canada,
(joint ventured with Anglo American Platinum Corporation
Limited ("Anglo Platinum"), the world's largest
primary producer of platinum). Anglo Platinum has committed
over $18 million to the River Valley Project to date and may
earn a 65% interest by funding it through to production.
PFN is the Project Operator. In late 2004 PFN established a
Nickel Division and currently has an Option / Joint Venture
in the Timmins Mining District with Falconbridge Ltd. An
extensive geophysical and ground proofing exploration
program has recently been completed. PFN has expended
approximately $1.4 million on the project to date.
Exploration plans for 2006 are currently being finalized. On
April 12, 2006, Pacific North West Capital Corp. acquired a
100-per-cent working interest in a long-term lode
exploration and mining lease on the Goodnews Bay ultramafic
platinum complex located on the west coast of Alaska.
Previous placer operations in the streams draining the
project area produced approximately 600,000 troy ounces of
platinum. PFN's exploration program will focus on the search
for economic lode platinum mineralization in the ultramafic
intrusive complex that is believed to be the source of
platinum placer deposits. Management is currently completing
plans for the 2006 exploration program.
PFN is involved in an aggressive
acquisition phase of its development and plans to add
several new PGM and base metal projects to its portfolio in
2006. The Company has approximately $3.5 million in
working capital and no debt.