======================================================================= Re: News Releases - Thursday, October 27, 2011 Pacific North West Capital Continues to Intersect High Grade Platinum Group Metal Mineralization at River Valley Project, Sudbury, Ontario ======================================================================= - Positive infill drill results in the Dana North Area include; - 4.5 gpt* Pd+Pt+Au** over 10 metres in hole DN029 - Including 9.39 gpt Pd+Pt+Au over 1 metre - Including 3.80 gpt Pd+Pt+Au over 8 metres - 1.88 gpt Pd+Pt+Au over 13 metres in hole DN026 - Including 2.19 gpt Pd+Pt+Au over 5 metres - And 2.05 gpt* Pd+Pt+Au** over 3 metres - 1.53 gpt Pd+Pt+Au over 8 metres in hole DN027 - Including 2.76 gpt Pd+Pt+Au over 34 metres - Infill diamond drilling program completed in Dana North Zone - Approximately 1500m of resource drilling to be completed in the Dana South Zone. - A drill program to test new exploration targets is planned
*gpt = grams per tonne *opt = ounces per tonne **Pd+Pt+Au= Pladium + Platinum + Gold
October 27th , 2011, Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce assay results for four more drill holes in the 2011 Phase IB Exploration program on its 100% owned River Valley PGM-Gold Property, 70 km from Sudbury, Ontario.

Holes DN026 and DN027 (Tables 1 and 2) were drilled from the same location in Dana North Zone toward the east in order to test the deeper extension of the main mineralized zone (Figures 1 and 2).DN026 intersected 13 metres at 1.88 gpt 3E from 99 metres downhole.

DN027 intersected 8 metres 2.83 gpt 3E from 73 metres downhole.

The mineralized interval in DN026 includes 5 metres 2.19 gpt 3E from 104 metres.

High grade mineralization occurs again as 2.05 gpt 3E from 195 to 198 metres downhole.

Hole DN029 (Tables 1 and 2) was drilled from approximately 50 metres north of DN028 towards the northeast in order to test the shallower extension of the mineralized zone (Figures 1 and 2).

This target had previously not been drill tested. Hole DN029 intersected 10 metres at 4.50 gpt 3E from 22 metres, including 1 metre at 9.39 gpt 3E from 23 metres downhole. Discussion: The 2011 Phase I drilling program focused primarily on the contact environment of the River Valley property.

The program was successful in testing the strike and dip of the mineralized breccia unit and associated stratigraphy in the Dana North Zone and the Dana South Zone. On the basis of work completed to date, several important observations and conclusions can be made: 1.In the Dana North and Dana South Zones, the PGM mineralization has relatively consistent, high grade PGM values.

2.Results of infill drilling at Dana North have been successful at confirming the nature of the mineralization, with the majority of holes returning higher than anticipated PGM grades.

Scattered mineralization and elevated PGM values exist in basal unit (i.e., below the breccia unit) of River Valley intrusion. 3.The footwall Archean paragneiss and migmatites has scattered elevated PGM values.

Previously drilling failed to consistently penetrate the footwall. 2011 Exploration Program Update To date, 42 holes have been successfully completed for a total 11,500 metres.

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

The remaining part of Phase 1C will focus on identifying new areas of mineralization in the favourable breccia unit, with the objective of increasing the mineral resources of the project.

Phase IC drilling program is nearing completion.

Data from the infill drilling will be combined with that from approximately 111,000m in 590 holes drilled previously to form the basis for a mineral resource update.

The resource update will be completed in the first quarter of 2012. Following completion of Phase IC, the exploration focus for Phase ID will be on drilling new PGM targets within the River Valley intrusive complex.

These new targets have potential to contain additional mineral resources. Some of these targets were identified during a three-dimensional (3D) IP survey performed from March to July 2011 (Figure 3) Data from this survey are currently being processed and interpreted.

However, preliminary data indicate several prominent anomalies associated with River Valley intrusive complex.

These targets will be further assessed during detailed interpretation and drilling programs will be designed to test prioritized targets.

In addition, targets previously identified from mineralized surface samples but never drilled will be evaluated for testing too.

To view the entire news release from PFNs website, please click on the following hyperlink: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=487296
About Pacific North West Capital Corp: Pacific North West Capital Corp.

is a mineral exploration company whose corporate philosophy is to be a project generator, explorer and project operator with the objective of optioning/joint venturing its projects through to production.

In January 2011, Pacific North West Capital successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited, which makes Anglo Platinum the largest shareholder of PFN holding approximately 9% of the Company (as of July, 2011).

The River Valley PGM project is one of North Americas newest and largest primary platinum group metals (PGM) deposits.

The project has excellent infrastructure support and is located 100 km from Sudbury, Ontario, one of Canadas largest mining centres with two large mineral processing facilities that have excess capacity. Pacific North West Capital Corp.

is well funded with an experienced management team and the ability to take advantage of its growing asset base in platinum group metals, gold and base metals.

To that end, the Company is in the process of adding key technical and financial people to our management, advisory team and board of directors.

PFN has approximately $6.0 million in working capital and securities and no debt.

The Company has PGM, gold and base metal projects in BC, Ontario, Saskatchewan and Alaska and continues to aggressively acquire new acquisition of additional platinum group metals projects, precious metals and base metals projects on an international scale. The Company has recently begun significantly expanding its PGM project portfolio in Canada and the U.S.

(Alaska) and will be releasing updates when these acquisitions have been completed. Pacific North West Capital Corp.

is an International Metals Group Company (www.internationalmetalsgroup.com). On behalf of the Board of Directors "Harry Barr" Harry Barr, Chairman & CEO
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 Bill Stone, President & COO Pacific North West Capital corp. Tel: 416-368-5268 Email:
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 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
This email should not be construed as an offer to buy or sell securities of Pacific North West Capital Corp. ======================================================================= Copyright (c) 2011 PACIFIC NORTH WEST CAPITAL CORP.

(TSX:PFN - OTCQX:PAWEF - FSE:P7J.F) All rights reserved.

For more information visit our website at http://www.pfncapital.com/ or send mailto: Message sent on Thu Oct 27, 2011 at 5:51:19 AM Pacific Time =======================================================================