News Release: Temagami First Nation and Pacific North West Capital Corp. Sign Memorandum Of Understanding For River Valley PGM Project, Sudbury

January 26, 2015 – Vancouver, BC; Pacific North West Capital Corp. (“PFN” and the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTC Pink: PAWEF) is pleased to announce that the Company and the Temagami First Nation have entered into a Memorandum of Understanding (MOU) dated December 5, 2014 in relation to PFN’s River Valley platinum metal project, located 100 road-km east of Sudbury, Ontario.

The MOU is designed to promote communication and foster a mutually respectful relationship, whereby Temagami First Nation are adequately informed and can provide input on PFN’s plans for exploration and development activities to be carried out on River Valley. The MOU provides a framework for how the two parties will work together to address potential impacts on Temagami First Nation rights and interests and confirms Temagami First Nation support for the Project.

Chief Arnold Paul of Temagami First Nation commented by stating “Mining in n’ Daki Menan has entered a new phase, The MOU recognizes that Temagami First Nation must be involved in a meaningful way in resource development projects. We look forward to a mutually beneficial relationship with Pacific North West Capital Corp.”

Harry Barr, Chairman and CEO of Pacific North West Capital Corp. expressed the Company’s appreciation for the support and cooperation demonstrated by everyone involved. “We look forward to working with Temagami First Nation to ensure that the River Valley Project is advanced in the spirit of continued partnership, mutual respect and good faith.”

About Temagami First Nation

Temagami First Nation are the decedents of the original people who occupied the area known to them as nDaki Menan, approximately 4000 sq. miles of land in the Temagami area. The Temagami people who refer to themselves as Teme-Augama Anishnabai has occupied and sustained themselves from the resources in n’Daki Menan for at least eight Millennium. Over the Millenniums they have evolved and adapted to the many changes including the impacts of colonialism. Today in a world of electronics and finance they keep their prospective by continuing to respect their relationship with nDaki Menan.

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. River Valley is one of the largest undeveloped primary PGM projects in Canada. The Company continues to evaluate PGM and nickel-copper properties and projects in North America for potential acquisition opportunities.

About River Valley PGM Project

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 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 (see PFN’s website for details).

The 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 River Valley PGM deposit is overlain by mining leases owned 100% by PFN. Exploration upside is enormous, particularly at depth.

Qualified Person

The technical content of this new release has been prepared, reviewed and approved by Dr. William Stone, P.Geo., principal consulting geologist to Pacific North West Capital Corp. and a Qualified Person under the provisions of National Instrument 43-101.

On behalf of the Board of Directors

“Harry Barr”

Harry Barr
Chairman and CEO

For further Information, contact: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: info@pfncapital.com, or visit www.pfncapital.com

101- 2148 West 38th Avenue, Vancouver, B.C., Canada, V6M 1R9

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