VANCOUVER, Sept. 3 /CNW/ - Pacific North West Capital Corp. ("PFN") (TSX:
PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is pleased to announce the appointment of
Christopher Davies, B.Sc., M.Sc., D.I.C., to its Technical Committee. Mr.
Davies has extensive global experience in gold and Platinum Group Metal (PGM)
operations, exploration and mine development, with particular emphasis on
southern Africa. Mr. Davies spent nearly 20 years with Lonmin plc, serving as
Technical Director in South Africa from 1991 to 1998, Group Technical Director
in the London office from 1998 to 2004, and Vice President: Exploration and
Business Development until the end of 2008. He was closely involved with the
expansion of Lonmin's PGM production and rationalisation of its gold mines in
Zimbabwe, as well as a number of evaluations of potential gold and PGM
acquisition targets. Mr. Davies has negotiated, executed and managed
exploration and development agreements with both the junior and major mining
sectors, and with governments, in a number of countries. He has also served on
the boards of public companies in South Africa and Australia.
Harry Barr, President and CEO stated: "Mr. Davies will add significantly
to the technical and commercial capabilities of the Company, particularly with
respect to those countries in Africa where PFN management believes there is
excellent potential for new PGM discoveries. Specifically, we have asked Mr.
Davies to assist us to locate and acquire high quality properties in South
Africa, Zimbabwe and Tanzania. We believe this region has excellent mineral
potential as well as the economic framework required for the successful
development of new discoveries."
The addition of Mr. Davies adds a wealth of knowledge and experience,
particularly in sub-Saharan Africa, to PFN's Technical Committee. Together
with John Royal and John Londry, two highly experienced former officers of the
Company, the Technical Committee will guide the Company in its new strategy of
focussing on more advanced project acquisitions.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt:
P7J.F) is a mineral exploration company focused on Platinum Group Metals
(PGM), precious and base metals. Management's corporate philosophy is to be a
Project Generator, Explorer and Project Operator with the objective of
optioning/joint venturing projects with major and junior mining companies
through to production. To that end, Pacific North West Capital's current
option/joint venture agreements are with Anglo Platinum, First Nickel,
Kinbauri Gold and Fire River Gold. Pacific North West Capital Corp. is well
funded with an experienced management team and the ability to take advantage
of the tremendous opportunities that are available in the mining sector today.
Our focus will be to acquire advanced stage precious metals projects, continue
to expand our PGM and base metals division and to look for special situations
and under-funded projects in the resource sector.
Pacific North West Capital Corp. has approximately $4.6 million in
working capital and securities.
On behalf of the Board of Directors
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: email@example.com, or visit www.pfncapital.com, 2303 West 41st
Avenue, Vancouver, B.C., Canada, V6M 2A3