Pacific North West Capital Corp.
TSX VENTURE : PFN
FRANKFURT : P7J
PINKSHEETS : PAWEF

Pacific North West Capital Corp.

September 30, 2014 08:30 ET

Pacific North West Capital Announces $500,000 Private Placement for Follow-Up Metallurgy and Exploration Programs at River Valley Palladium Project Near Sudbury, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2014) - Pacific North West Capital Corp. ("PFN" and the "Company") (TSX VENTURE:PFN)(FRANKFURT:P7J)(PINKSHEETS:PAWEF) is pleased to announce a non-brokered flow-through and non flow-through private placement of up to a combined 10,000,000 units for gross proceeds of up to $500,000. The proceeds will be used to advance metallurgical and exploration programs at PFN's 100% owned River Valley platinum group metal (PGM) project near Sudbury, Ontario.

Each flow‐through unit ("FT Unit") will consist of one common share at a price of $0.05 per FT Unit and one‐half of one non flow‐through, nontransferable share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one additional non flow‐through common share of the Company for a period of 24 months from the closing date at a price of $0.10 per share during the first year and $0.20 per share during the second year. Each non-flow‐through unit ("NFT Unit") will consist of one common share at a price of $0.05 per NFT Unit and one‐half of one non‐transferable share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.10 per share during the first year, $0.20 per share during the second year.

Proceeds from the private placement received from the sale of the FT units will be used for further metallurgical testwork and exploration programs at the River Valley PGM Project, located within 100 km of the city of Sudbury in Ontario, Canada. The metallurgical testwork will study the effects of grade variability on metal recovery and concentrate grades, using drill core materials remaining from the 2012 testwork program (see PFN press releases dated 10 April 2013, 12 October 2012, and 24 July 2012 available on PFN's website www.pfncapital.com).

The exploration program will carried out under Ontario Exploration Permit PR-13-10095, which was approved on April 5, 2013 by the Ministry of Northern Development and Mines and is valid until March 31, 2016. The work to be done (phase 1) includes a 500 metre drill program to test a shallow geophysical anomaly in the country rock footwall to the PGM mineralized zone at Dana North. Follow-up drill programs will be carried out, subject to results and additional financing. PFN is advancing discussions with the Temagami First Nation community towards finalizing an Exploration Memorandum of Understanding.

Proceeds from the sale of the NFT Units will be used to search for a strategic joint venture partner to share our vision and commitment in exploration and development of the River Valley PGM project, for the evaluation of additional PGM projects in North America, and for working capital.

The shares to be issued with respect to the Offering will be subject to a four‐month hold period in accordance with applicable Securities Laws. Completion of the Offering and any finder's fees payable is subject to regulatory approvals.

About River Valley

River Valley is one of the largest primary PGM Projects in Canada. NI43-101 compliant near-surface resources are: 26 Mt grading 1.5 g/t palladium equivalent (PdEq) for 1.2 Moz contained PdEq in the Measured category; 66 Mt grading 1.4 g/t PdEq for 2.8 Moz contained PdEq in the Indicated category; and 36 Mt grading 1.1 g/t PdEq for 1.2 Moz contained PdEq in the Inferred category (for the details see PFN's website at www.pfncapital.com). The River Valley PGM Project is located within 100 road-km of Sudbury and is readily accessible via paved and gravel roads with settlements, power and rail all nearby. The project is overlain by mining leases owned 100% by PFN. Exploration upside is excellent, particularly at depth.

About Pacific North West Capital

PFN is a mineral exploration company whose philosophy is to be a project generator, explorer and project operator in order to option/joint venture its projects to partners for funding through to production. PFN is focused on the discovery, exploration and development of PGM and nickel‐copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The Company continues to evaluate PGM and nickel‐copper properties and projects in North America for potential acquisition opportunities. Pacific North West Capital Corp. is an International Metals Group Company. (www.internationalmetalsgroup.com).

QUALIFYING STATEMENTS

The technical content of this new release has been prepared, reviewed and approved by Dr. William Stone, P.Geo., President & COO of PFN, a Qualified Person under the provisions of National Instrument 43‐101.

On behalf of the Board of Directors

Harry Barr, Chairman and CEO

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer: 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 TSX Venture Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.

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