Pacific North West Capital Corp. and Benton Resources Corp. Sign a Join Venture Agreement to Explore the Swayze Greenstone Belt for Ni-Cu-PGM Mineralization



    TSX: PFN OTCBB: PAWEF Frankfurt: P7J

    VANCOUVER, Feb. 12 /CNW/ - Pacific North West Capital Corp. ("PFN") (TSX:
PFN) and Benton Resources Corp. (TSX.V : BTC) ("Benton") are pleased to report
that they have entered into a Joint Venture (JV) agreement to undertake
exploration on the Swayze Nickel Project. The Swayze Joint Venture Project is
situated in the Swayze Greenstone Belt, approximately 100km south-west of
Timmins, Ontario and incorporates some fifty townships. The Swayze Greenstone
Belt represents the western extension of the Abitibi Greenstone Belt, which is
the host to numerous ultramafic-hosted Ni deposits including the producing
Redstone Mine (Liberty) south of Timmins as well as the newly discovered
Golden Chalice Occurrence.
    The Swayze Joint Venture Project was initiated by both companies to
include each of their property holdings within the project area. These
holdings will continue to grow through the staking and optioning of selected
properties that have the potential to host nickel, copper, and PGM
mineralization within the belt. Exploration programs will be designed to
identify and test priority areas within the project boundaries. The Swayze is
underlain in several areas by ultramafic flows and intrusions, some of which
host historical nickel showings including the Joint Ventures' Tooms Showing
which has historically reported 2.5% Ni over 1.6m within a drill intersection
of 0.63% Ni over 7.3 metres.
    Pacific North West Capital and Benton have entered into a 50% - 50%
Joint Venture Agreement whereby both Companies agree to bear all expenditures
and participate in a single purpose unincorporated Joint Venture for the
purpose of carrying out all mineral exploration for a three year period,
totalling a minimum of $1,200,000.
    Benton will act as Operator for the project and will be responsible for
carrying out all exploration activities.

    About Benton Resources Corp:

    Benton Resources Corp. is a mineral exploration company listed on the
TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced
management team is focused on base and precious group metal exploration. The
Company's diverse property portfolio includes Canadian projects which are
highly prospective for gold, uranium, platinum, palladium, nickel and copper.
The Company currently has approximately $20 million in working capital.

    About Pacific North West Capital Corp:

    Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a
mineral exploration company focused on Platinum Group Metals (PGMs) and
Base Metals. Management's corporate philosophy is to be Project Generator,
Explorer and Project Operator with the objective of option/joint venturing
projects with major mining companies through to production. To that end,
Pacific North West Capital's current option/joint ventures agreements are with
Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and SOQUEM. The
company has approximately $9 million in working capital and securities with no
debt.

    On behalf of the Board of Directors

    (signed)

    Harry Barr
    President and CEO

    The Toronto Stock Exchange has 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
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.





For further information:

For further information: Tel: (604) 685-1870, Fax: (604) 685-8045,
Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st
Avenue, Vancouver, B.C., Canada, V6M 2A3

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Pacific North West Capital Corp.

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