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September 3, 2009 Vancouver,
Canada -- Pacific North West Capital Corp. ("PFN") (TSX: PFN;
OTCBB: PAWEF; Frankfurt: P7J.F) is pleased to announce the
appointment of Christopher Davies, B.Sc., M.Sc., D.I.C., to its
Technical Committee. Mr. Davies has extensive global experience
in gold and Platinum Group Metal (PGM) operations, exploration
and mine development, with particular emphasis on southern
Africa. Mr. Davies spent nearly 20 years with Lonmin plc,
serving as Technical Director in South Africa from 1991 to 1998,
Group Technical Director in the London office from 1998 to 2004,
and Vice President: Exploration and Business Development until
the end of 2008. He was closely involved with the expansion of
Lonmin's PGM production and rationalisation of its gold mines in
Zimbabwe, as well as a number of evaluations of potential gold
and PGM acquisition targets. Mr. Davies has negotiated, executed
and managed exploration and development agreements with both the
junior and major mining sectors, and with governments, in a
number of countries. He has also served on the boards of public
companies in South Africa and Australia.
Harry Barr, President and CEO stated: "Mr. Davies will add
significantly to the technical and commercial capabilities of
the Company, particularly with respect to those countries in
Africa where PFN management believes there is excellent
potential for new PGM discoveries. Specifically, we have asked
Mr. Davies to assist us to locate and acquire high quality
properties in South Africa, Zimbabwe and Tanzania. We believe
this region has excellent mineral potential as well as the
economic framework required for the successful development of
new discoveries."
The addition of Mr. Davies adds a wealth of knowledge and
experience, particularly in sub-Saharan Africa, to PFN's
Technical Committee. Together with John Royal and John Londry,
two highly experienced former officers of the Company, the
Technical Committee will guide the Company in its new strategy
of focussing on more advanced project acquisitions.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious 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 and junior mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, First Nickel, Kinbauri Gold and Fire River Gold. Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous opportunities that are available in the mining sector today. Our focus will be to acquire advanced stage precious metals projects, continue to expand our PGM and base metals division and to look for special situations and under-funded projects in the resource sector.
Pacific North West Capital Corp. has approximately $4.6 million in working capital and securities. |
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On behalf
of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO
For further
information, please contact our Investor Relations Department at
Toll Free 1-800-667-1870
The Toronto Stock Exchange have not reviewed and does
not accept
responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United
States Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time
with The Toronto Stock Exchange, British Columbia Securities
Commission and the United States Securities & Exchange
Commission. Not to be construed as an offer to buy or sell securities of this company.
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