======================================================================= Re: News Releases - Tuesday, January 10, 2012 Pacific North West Capital Announces Additional High Grade PGM Results for its River Valley Project, Sudbury, Ontario ======================================================================= - High grade PGM* drill results for the Dana North area are; - 2.11 gpt** Pd+Pt+Au*** over 33 metres in hole DN032 Including 5.17 gpt Pd+Pt+Au over 7 metres - 2.08 gpt Pd+Pt+Au over 54 metres in hole DN033 - 2.77 gpt Pd+Pt+Au over 20 metres in hole DN034 Including 5.72 gpt Pd+Pt+Au over 4 metres - DN032 intersected mineralization to 385 meters from surface, indicating the presence of mineralization at depths greater than drilled previously - In the Dana North Zone, the PGM mineralization has relatively consistent, high grade PGM values *PGM=Platinum Group Metals **gpt= grams per tonne ***Pd+Pt+Au= Palladium + Platinum + Gold (aka 3E) ******************************************************************* January 10th, 2012, Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce assay results for nine more drill holes in the River Valley 2011 Phase I Exploration program on its 100% owned River Valley PGM‐Gold Property, 70 km from Sudbury, Ontario.

The drill holes in the Dana North area continue to intersect high grade PGM mineralization over wide intervals within the breccia unit on the footwall contact of the River Valley Intrusion.

Dana North-Southern Section Drill holes DN030 through DN033 were collared in southern parts of the Dana North area and focused on infilling gaps in the previous drilling (Figure 1).

Holes DN030 and DN031 were drilled to test the shallower parts of the Breccia Zone.

DN030 intersected 14.5 metres of 2.9 gpt 3E from 3.5 metres down hole.

These two holes extendeded the PGM mineralization up-dip closer to surface by approximately 40 metres.

The PGM mineralization is well exposed at surface and this shallow target represents just one of several important targets that have been identified for drill testing and ultimately extension of the mineral resources to surface.

On the other hand, drill holes DN032 and DN033 were designed to test for the presence of PGM mineralization at depth, thereby expanding the mineralized zone down-dip (Figure 2).

Drill Hole DN032 was collared at the same setup as DN033 (Table 2) and drilled to the east to test the deeper extension of the mineralized zone.

This hole intersected 33 metres of 2.11 gpt 3E from 325 metres down hole, including 7 metres of 5.2 gpt 3E from 332 metres down hole.

The continuity of mineralization in this area was confirmed in hole DN033, which intersected 54 metres of 2.08 gpt 3E from 256 metres down hole, including 12 metres at 3.4 gpt 3E from 267 metres.

In addition hole DN032, the deepest hole drilled in this phase of exploration, tested a second target above the footwall contact.

There, DN032 intersected mineralization from 2 metres of 1.3 gpt 3E from 447 metres down hole (383 metres vertical from surface).

Dana North-Northern Section In order to infill gaps in the drilling and test continuity in the northern part of the Dana North area, five drill holes were drilled in two sections to test approximately 100 metres strike length of the mineralization.

Drill holes DN034 through DN036 were collared on section 8+20N (Figure 3) and drilled to the east (Table 2).

Drill holes DN034 and DN035 were designed to test the deeper parts of this section and intersected wide intervals of mineralization.

In hole DN034, the entire intersection of the breccia zone was mineralized (Table 1). Drill Holes DN037 and DN038 were collared on section 8+70N (Figure 4) and drilled to the east.

Hole DN038, intersected 27 metres of 1.87 gpt 3E from 171 metres down hole, including 4 metres of 2.95 gpt 3E from 171 metres to 175 metres down hole. To date, 53 holes have been drilled in three phases (1A-C) for a total of approximately 15,000.

Phases IA and IB and part of Phase IC focused on infill drilling in the areas that required more data.

The remainder of Phase 1C focused on identifying new areas of mineralization in the favourable breccia unit, with the ultimate objective of expanding the mineral resources.

Data from this resource drilling has been combined with that from approximately 111,000 metres in 590 holes drilled previously up to 2005, and delivered to Wardrop Engineering for a mineral resource update.

The resource update will be completed in the first quarter of 2012. Exploration Drilling The exploration phase of drilling at River Valley in 2011-2012, is focused primarily on drilling in the interior of the River Valley Intrusion Complex (RVIC) (see Press Release dated December 8th 2011). Six exploration holes for approximately 1700 metres have been completed in the Dragon and Spade Zone and encountered favourable olivine-bearing gabbronorite units in the RVIC.

Core logging, sampling and assaying is in progress.

Assay results are pending for the laboratory.

Drilling is planned to resume shortly on the East Banshee target, which will test one of the new targets identified during a 2011 three-dimensional (3D) IP survey.

Qualified Person Statement This news release has been reviewed and approved for technical content by Ali Hassanalizadeh M.Sc.

P.Geo, Vice President, Exploration for PFN a Qualified Person under the provisions of National Instrument 43-101. To view the entire news release including Table 1 - High grade assay intervals of DN029 to DN038, Table 2 - Drill Hole Collar and Depth Information, Figures 1 - 4, please click on the following hyperlink: http://www.pfncapital.com/i/pdf/011012PFN.pdf
Pacific North West Capital Corp.

is an International Metals Group Company.

(www.pfncapital.com) Please send requests for further information to: Harry Barr Chairman & CEO Pacific North West Capital corp. Tel: 604-685-1870 Email: Bill Stone President & COO Pacific North West Capital corp. Tel: 416-368-5268 Email:
For further Information, contact: Tel: +1.604.685.1870 Fax: +1.604.685.8045 Email: , or visit www.pfncapital.com 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3 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 Securities Commission and the United States Securities & Exchange Commission
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(TSX:PFN - OTCQX:PAWEF - FSE:P7J.F) All rights reserved.

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