The Honourable Joseph Handley Joins Pacific & Western Team As Northern Advisor

    LONDON, ON, Dec. 11 /CNW/ - David Taylor, President & C.E.O. of Pacific &
Western Credit Corp., (TSX:PWC) is pleased to announce that The Honourable
Joseph Handley has joined Pacific & Western Credit Corp.'s wholly owned
subsidiary, Pacific & Western Bank of Canada, as a special advisor in Canada's
    Mr. Handley recently retired as Premier of the Northwest Territories, a
position he held from 2003 to 2007. He was first elected as a Member of the
Northwest Territories Legislature in 1999. Prior to that, he was a Deputy
Minister for the Government of the Northwest Territories in various
Departments for 15 years. Mr. Handley is also a former Official Trustee and
Chief Superintendent of the Frontier School Division in Manitoba. Mr. Handley
was awarded the Queen's Jubilee Medal in 2002, and the Saskatchewan Medal for
outstanding achievement in 2005. It has also been announced that Mr. Handley
will be receiving the Aboriginal Achievement Award in March of 2008.
    David Taylor commented that, "We are very pleased that Joe Handley has
joined the Pacific & Western team as its northern advisor. His extensive
experience and broad knowledge of northern affairs is a great asset to the
Bank as it continues to expand its presence in Canada's North."

    Pacific & Western Bank of Canada is wholly owned by Pacific & Western
Credit Corp., whose shares trade on the TSX under the symbol PWC.

    To receive company news releases, please contact: Camille Malette at, (519) 675-4204

For further information:

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