======================================================================= Re: News Releases - Tuesday, March 01, 2011 Pacific North West Capital Announces 15,500 Metre Drill Program River Valley Platinum Group Metals (PGM) Project, Sudbury, Ontario $5 Million Exploration Budget ======================================================================= - One of North Americas only stand alone Platinum Group Metals (PGM) Projects - Advanced stage exploration and development project - $5 Million exploration program planned in two phases - Including a 15,500 metre drill program - $1 Million Phase I Program includes 3D IP and 3500 metres drilling - 2011 drill program to expand on targets from previous exploration campaigns Pacific North West Capital Corp.

("PFN") (TSX: PFN; OTCQX: PAWEF; FSE: P7J) is pleased to announce the planned exploration program for 2011 at its 100% owned River Valley PGM Project located near Sudbury, Ontario. Work to date at River Valley suggests that the best potential for economic accumulations of PGM-Cu-Ni sulphide mineralization is within the Breccia Zone.

This Zone includes the main mineralized breccia or Main Zone.

The Main Zone occurs within about 20 m of the intrusive contact with Archean gneisses.

This contact zone extends for over 9 km of prospective strike length, holds the current defined resource and is the main target of the Companys renewed exploration efforts. Drilling and geophysical surveys are planned to commence in the spring 2011.

During the Phase I drilling campaign, the Company will focus on three objectives: 1.

Step-out drilling to expand the overall mineralized footprint at Dana North 2.

Infill drilling to convert inferred resources to the measured and indicated categories 3.

Drill testing of new targets generated from the 3D IP survey A $1,000,000 budget has been approved for Phase I, targeting the Dana Lake Area and will include the following: - 3D Induced Polarization (IP) surveys over the Dana Lake Area to trace known mineralization to greater depths and highlight new targets in close proximity to the higher grade resources - 3500 Metre Drill Program to drill previously defined targets, drill extensions of known mineralization and drill new 3D IP targets - Develop a 3D Common Earth Model to aid interpretations and prioritize additional targets along the 9 kilometre mineralized horizon * *Note: Common Earth Modeling is a method that employs 3D and 4D (time) computer modeling techniques to integrate all available geological information into a single , 3D environment that can be viewed and quarried on a computer The Phase II program will include: - Airborne Gravity Survey; Falcon Airborne Gravity Gradiometry survey by Fugro - Airborne ZTEM Survey; Z Axis Tipper Electromagnetic survey by Geotech Ltd.

- Approximately 12,000 m drilling - Initialization of environmental baseline studies - Preliminary economic studies The Phase II drilling program will consist of approximately 12,000 metres focusing on two main objectives: - Testing deeper targets that were generated to follow the footwall mineralization down dip - Testing near surface mineralized zones not yet fully evaluated The Phase II drilling campaign will continue to build on the results from Phase I and will include the addition of newly available airborne geophysical survey technology.

Phase II is scheduled to begin in fall-winter 2011.

The mineralized footprint at River Valley remains unconstrained in all directions; therefore, the program will also include on-going condemnation drilling to test the limits of the known mineralization. "The River Valley PGM project is one of North Americas newest, stand alone PGM projects.

The project has extensive exploration upside with over a 9 kilometre prospective horizon.

Furthermore, River Valley is located in one of the best mining districts in the world - The Sudbury Mining District." comments Harry Barr, President & CEO of Pacific North West Capital Corp. Anthony Kovacs VP Exploration states, "The Company can rapidly benefit from previous exploration programs that outlined some well defined drill targets.

The early expertise also helps identify appropriate technologies to generate additional high-priority targets." Qualified Person Statement This news release has been reviewed and approved for technical content by John Londry, M.Sc, P.Geo, a director of the Company and a qualified person under the provisions of national instrument 43-101. Please click on the hyperlink below to view the entire news release from PFNs website: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=445100 ********************************************************************** ** 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.

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 Companys expectations are disclosed in the Companys documents filed from time to time with The Toronto Stock Exchange, British Columbia.

Not to be construed as an offer to buy or sell securities of this company. ======================================================================= Copyright (c) 2011 PACIFIC NORTH WEST CAPITAL CORP.

(TSX:PFN - OTCBB:PAWEF) All rights reserved.

For more information visit our website at http://www.pfncapital.com/ or send mailto: Message sent on Tue Mar 1, 2011 at 12:26:07 PM Pacific Time =======================================================================