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These analyses were
completed and interpreted in August and September of 2009, and
they have added little new information to the project. As a
result, PFN terminated the option agreement with Kinbauri Gold
(now owned by Orvana Minerals Corporation.) on October 13, 2009.
Jonathan Findlay, Ph.D., P.Geo is the qualified person for this
press release.
About Orvana Minerals Corp:
Orvana Minerals Corp. (TSX: ORV) is a low-cost gold producer
with significant growth opportunities and a strong balance
sheet. Orvana owns and operates the Don Mario Mine in Bolivia
and is developing two other promising assets: the advanced-stage
El Valle-Boinás/Carlés gold-copper project in Northern Spain and
Copperwood copper project in Michigan. Additional information is
available at Orvana's website,
www.orvana.com.
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, the Company's current
option/joint ventures agreements are with Anglo Platinum and
First Nickel. In addition, Pacific North West Capital Corp. is
also the majority shareholder of
Fire River Gold Corp.
(FAU: CNSX) who is currently developing the
Nixon Fork Gold Mine and
Golden Zone Project in Alaska. Pacific North West Capital
Corp. is well funded and with an experienced management team has
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 $6.7 million in working capital and
securities.
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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