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Pacific North West Capital Announces Effective Date of Share Consolidation and Name Change $PFN.ca

Posted by AGORACOM-JC at 4:35 PM on Tuesday, January 31st, 2017

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  • Received approval to implement its proposed three (3) old for one (1) new share consolidation and name change to New Age Metals Inc.
  • Effective at the opening of the market on February 1, 2017 the common shares of Pacific North West Capital Corp. will be delisted and the post-consolidated shares of New Age Metals Inc. will begin trading on the TSX Venture Exchange under its new trading symbol “NAM”

Vancouver, British Columbia / January 31, 2017 - Pacific North West Capital Corp. (“PFN”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) announces that further to news release of January 25, 2017, PFN has received approval to implement its proposed three (3) old for one (1) new share consolidation and name change to New Age Metals Inc. (the “Company”). Effective at the opening of the market on February 1, 2017 the common shares of Pacific North West Capital Corp. will be delisted and the post-consolidated shares of New AgeMetals Inc. will begin trading on the TSX Venture Exchange under its new trading symbol “NAM”.

Letters of transmittal will be sent to the registered shareholders providing instructions to surrender the share certificates evidencing their pre-consolidated common shares for replacement certificates of New Age Metals Inc. representing the number of post-consolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the pre-consolidated common shares will be deemed to represent the number of post-consolidated common shares of New Age Metals Inc. that the holder thereof is entitled to as a result of the consolidation. The Company will not be issuing fractional shares as a result of the consolidation. Instead, all fractional shares equal or greater to one-half will be rounded to the next whole share.

The Company’s website, newagemetals.com, is currently under construction and is slated for completion in the upcoming days. During this transition period, please visit pfncapital.com for more information about the Company’s projects.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital Applies for Share Consolidation and Name Change to New Age Metals Inc. $PFN.ca

Posted by AGORACOM-JC at 4:25 PM on Wednesday, January 25th, 2017

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  • Made application to the TSX Venture Exchange  to implement a name change and share consolidation to better reflect the Company’s business plan and its two mineral divisions

Vancouver, British Columbia / January 25, 2017 -Pacific North West Capital Corp. (“PFN”)(TSXV: PFN OTCQB: PAWEF FSE: P7J)announces it has made application to the TSX Venture Exchange (the “Exchange”) to implement a name change and share consolidation to better reflect the Company’s business plan and its two mineral divisions. The Company’s Board of Directors have approved a name change of the Company from Pacific North West Capital to New Age Metals Inc. In addition, due to market conditions, regulatory minimum pricing requirements for financings and other considerations, the Board of Directors have also authorized a consolidation of the Company’s issued and outstanding shares on the basis of three (3) shares of Pacific North West Capital Corp. for one (1) new share of New Age Metals Inc.

The 100,098,596 common shares currently issued and outstanding will be reduced to approximately 33,366,199 post-consolidated common shares. The Company will not be issuing fractional shares as a result of the consolidation. Instead, all fractional shares equal or greater to one-half will be rounded to the next whole share. The Company’s outstanding stock options and share purchase warrants will be adjusted accordingly upon completion of the consolidation.

Upon receipt of regulatory approval, a letter of transmittal will be sent to the registered shareholders providing instructions to surrender the share certificates evidencing their pre-consolidated common shares for replacement certificates of New Age Metals Inc. representing the number of post-consolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the pre-consolidated common shares will be deemed to represent the number of post-consolidated common shares of New Age Metals Inc. that the holder thereof is entitled to as a result of the consolidation.

The Name Change and Consolidation are subject to regulatory approval. The Company anticipates the transaction to close early February, 2017. Until such regulatory approvals have been received, the pre-consolidated shares will continue to trade on the TSX Venture Exchange under the current trading symbol “PFN”.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tesla to begin lithium-ion battery production at US megafactory – bodes well for $DGO.ca $BFF.ca $PFN.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, January 5th, 2017
Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.
Image: Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.

Elon Musk’s Tesla Motors says it has started producing lithium-ion battery cells at its $5 billion factory in Nevada.

The company says it began making high-performance cells in December and production started overnight for cells used in Powerwall energy-storage products.

Tesla plans to start making batteries for its Model 3 sedans later this year.

The massive Gigafactory outside Sparks is coming online in phases, with a goal of full operation in 2018.

Officials say it could almost double the world’s production of lithium-ion batteries, making them more affordable as the company looks beyond the luxury niche market.

The electric carmaker says it has more than 850 full-time employees, plus more than 1700 construction workers.

Nevada has promised Tesla $1.3 billion in state tax incentives based on projections that it’ll employ 6500 people at full production.

Source: https://thewest.com.au/business/startup/tesla-begins-lithium-ion-battery-production-at-us-megafactory-ng-b88347284z

Platinum Metal Discovery Confirmed at River Valley Project Near Sudbury, Ontario $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Tuesday, December 13th, 2016

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  • 2.57 g/t Pd+Pt over 18m, including 4.06 Pd+Pt over 9m from 169m downhole
  • Drilling confirmed discovery at T2 near Dana North
  • 2.5 Moz Platinum Metals in near-surface Measured and Indicated Resources
  • Within 100 road-kms of Sudbury, strong infrastructure and community support
  • 100%-owned Lithium Division with Exploration Projects in Manitoba and Nevada

Vancouver, British Columbia / December 13, 2016 – Pacific North West Capital Corp.(“PFN”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is very pleased to announce new results from the recently completed drill program on its 100% owned River Valley Platinum Group Metal (PGM) project near Sudbury, Ontario. The drill program successfully expanded mineralization down-dip and along strike of the 2015 intersections at Target T2 (see PFN press release dated March 11, 2016) and corroborated the geological model. The drill results reported herein confirm the discovery of a new PGM mineralized zone at River Valley, hereafter named the Pine Zone (Figure 1).

The Pine Zone drill program consisted of five holes for 1367 metres, of which four intersected significant PGM mineralization. A total of 603 split samples were submitted to SGS Canada Inc. Laboratories for assay analyses. The significant new drill assay results include 2.57 g/t Pd+Pt over 18 metres from 169 metres in hole DN-T2-06, 1.92 g/t Pd+Pt over 20 metres from 202 metres in hole DN-T2-10, and 1.84 g/t Pd+Pt over 17 metres from 217 metres in hole DN-T2-11. These results demonstrate the potential for significant new near-surface mineralized zones at the north end of the River Valley Project. Drill core assay results and hole collar locations and orientations are listed in Tables 1 and 2 below.

Table 1. Assay Results


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Table 2. Collar Locations and Orientations


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Figure 1. Location of the Pine Zone at the north end of the River Valley PGM Project.

PFN Chairman and CEO Harry Barr commented, “The discovery of a new near-surface, high-grade PGM zone in the most accessible part of the project represents a major leap forward in the exploration and development potential of our River Valley Project. The Pine Zone discovery demonstrates the continued success of drill hole targeting based on IP geophysical surveys and 3D geological modelling. The drill results highlight the potential for discovery of similar mineralized zones in other previously overlooked areas at River Valley, and are an additional indication of the camp scale potential in the under explored region east of Sudbury.”

The next steps in PGM exploration of the Pine Zone and other similar priority areas at River Valley include 3D geological modelling of the 2016 drill results, followed by IP surface and borehole geophysical surveys to aid identification of priority targets for drill testing in 2017.

Financial support from the JEAP Program for the 2016 drill program at River Valley is gratefully acknowledged.

SAMPLE ASSAY PROCEDURES & QA/QC

The drilling was completed by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of PFN geologists. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3 kilograms of each sample to 90% passing 2 mm, and then pulverizing 0.5 kilograms to 85% passing 75 um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of PFN’s rigorous Quality Assurance/Quality Control program.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company. The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba. This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Company claim blocks in the Clayton Valley area of Nevada

(Above map is a Company-made composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annualLithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital Announces Assays, up to 4.33% Lithium Oxide on the Lithium One Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:14 AM on Thursday, December 8th, 2016

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  • Samples from the Silverleaf Pegmatite yielded assays up to 4.33% Li2O, 2.08% Rb2O and 0.04%Ta2O5
  •  Numerous other Pegmatites and Pegmatitic Granite sites sampled
  •  Drilling slated for early 2017

December 8th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received the assay results of its Phase One Exploration Review of the Lithium One Project.

The Lithium One Project (April 21st, 2016 News Release) is located 125 kilometres northeast of Winnipeg, Manitoba, in the Cat Lake-Winnipeg River Pegmatite Field. This Pegmatite Field is host to the world-class Tanco Pegmatite, which has been mined since 1969. Historically, the project area is known for the presence of numerous surface Pegmatites, of various dimensions and compositions.

The Company carried out a Phase One Exploration Program, whereby several of the known Lithium-bearing Pegmatite were prospected and sampled, including the Greer Lake Pegmatitic Granite. The purpose of the exploration program was to obtain modern-day assay analyses of the Pegmatites and to ground proof the historic Pegmatite locations. Numerous Pegmatites and Pegmatite swarms were not sampled, due to access difficulties and will be prospected at a later time.

The Silverleaf Pegmatite is a zoned complex Lithium-bearing Pegmatite, with a surface exposure of approximately 80 metres x 45 metres. It was the largest Pegmatite reviewed. Samples taken from the Lepidolite-Spodumene Zone yielded assays from 1.30% to 2.43% Li2O, 0.15% to 2.08% Rb2O and 104 ppm to 447 ppm Ta2O5. This zone is approximately 50 metres x 20 metres in size and extends into a historic excavated open pit. The open pit originates from the late 1920s, when a bulk sample of Spodumene was mined from the southwest side of the Silverleaf Pegmatite. Large scale mining operations were not undertaken at the time, due to changes in the market conditions and commodity prices. A sample from the historically mined Spodumene rock pile returned values up to 4.33% Li2O.

Many of the sampled Pegmatites are hosted in the Greer Lake Pegmatitic Granite. This unit is exposed on surface, over an approximate area of 3500 metres x 800 metres. The nature of the in-situ segregation, of the sampled Pegmatites, suggests a potential exploration target with the possibility of other complex Lithium-bearing Pegmatites, hosted within the Pegmatitic Granite, but below surface. Lithium-bearing Pegmatites tend to occur along the southern margin of the Greer Lake Pegmatite Granite (Figure 2), which is considered a potential exploration target horizon.Historic exploration of the area has resulted in several untested lithogeochemical anomalies that will be target areas for future exploration.


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Figure 1: Lithium One Project Location Map

The Annie Pegmatite is exposed on surface, for an approximate area of 15metres x 90 metres. Samples returned assays of 0.10% to 0.64% Li2O and 0.21% to 0.81% Rb2O. Other Pegmatites returned elevated levels of Lithium. Due to the zoned nature of some of the Pegmatites, additional Lithium-rich zones may exist, but are not exposed on surface. It is recommended that a Program of Mapping and Sampling be carried-out, over the southern margin of the Greer Lake Pegmatite Granite, during the 2017 summer field season, in addition to mapping and prospecting the Pegmatites that were not examined, this field season. A Drill Program of 3000 metres is proposed for 2017, in order to test several of the surface exposed Pegmatites.


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Figure 2: Lithium One Project Pegmatite Map


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Table 1: Pegmatite Field Assays – Lithium One Project

To date, the Company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential, in the Cat Lake-Winnipeg River Pegmatite Field, of SE Manitoba. PFN is the Largest Mineral Claim Holder, in the Pegmatite Field. As part of the Company’s Prospector Generator Model, negotiations are currently ongoing, with interested 3rd parties, for possible Option/Joint Ventures and other Exploration Initiatives.

PEGMATITE SAMPLE PROCEDURES

The Pegmatite samples were sent to the Activation Laboratories facility, in Ancaster, Ontario for analysis. Samples were prepared, using the lab’s Code RX1 procedure. Samples are crushed, up to 95% passing through a 10 mesh, riffle split, and then pulverized, with mild steel, to 95%, passing 105 ?m. Analyses were completed, using the lab’s Ultratrace 7 Package; a Sodium Peroxide fusion which allows for total metal recovery and is effective for analysis of Sulphides and refractory minerals. Assay Analyses are carried out, using ICP-OES and ICP-MS instrumentation. Due to the reconnaissance and prospecting nature of the Phase One Program, independent standards, or blanks, were not submitted with the samples. However, Activation Laboratories followed their own internal QA/QC procedures. It is recommended that for future detailed mapping/sampling programs and for drilling, a full QA/QC program of standards, duplicates and blanks be implemented.

ABOUT PFN’S PGM DIVISION

PFN’s flagship project is its 100% owned River Valley PGM Project, (PFN Website – River Valley Project) in the Sudbury Mining District of NW Ontario (60 kilometres due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus Gold. River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion and are undergoing continued exploration. Results are expected from the Fall Drill Program, in the next few weeks.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results, or Mineral Resources, is based on information compiled, reviewed, or prepared, by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is a Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events, or results, and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements, in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements, by their nature, involve risks and uncertainties, and actual results may differ materially, depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts, to timely and completely make available, adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors, as may be discussed in the documents filed by the Company, on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations, or estimates, or to release publicly any revisions to any forward-looking statements, to reflect events or circumstances, after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital Samples 9.52 g/t Pd + 3.07 g/t Pt on the River Valley Extension (RVX) Property near Sudbury $PFN.ca

Posted by AGORACOM-JC at 9:18 AM on Tuesday, December 6th, 2016

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  • Grab samples from RVX property return assay values of up to 12.60 g/t Pd + Pt
  • rab samples from footwall to Dana South return assay values of up to 4.36 g/t Pd + Pt
  • Drill program on 2015 discovery at T2 near Dana North completed
  • 2.5 Moz Platinum Metals in near-surface Measured and Indicated Resources
  • Within 100 road-km of Sudbury and strong infrastructure and community support
  • 100%-owned Lithium Division with exploration projects in Manitoba and Nevada

December 6, 2016 / TheNewswire / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is pleased to announce results from the first phase of the 2016 field exploration program on its new 100% held RVX property and its flagship RVP property near Sudbury, Ontario. The program, consisting of geological mapping and mineral prospecting, confirmed the presence of high-grade platinum metal mineralization on the RVX property and expanded the overall footprint of mineralization at the Dana South Zone (Figure 1).

Three of 4 targeted areas on the RVX property were mapped and sampled by PFN geologists (Figure 2). A grab sample from Target Area 1 returned assay values of 12.60 g/t Pd + Pt from a rusty sulphide zone that extends across the width of the outcrop exposure. Three surface grab samples from Target Area 4 returned Pd + Pt assay values of greater than 1 g/t, with a maximum of 2.44 g/t Pd+ Pt, 0.2% Cu and 0.05% Ni from mineralized outcrops of melagabbronorite with pegmatitic clinopyroxenite fragments and quartz veins. A grab sample from Target Area 2 returned a Pd + Pt assay value of 1.11 g/t. Target Area 3 was not sampled due to limited access. Clearly follow-up field work is warranted in each of these four target areas. Moreover, the IP chargeability anomalies in the footwall rocks and to the west internally within the River Valley Intrusion (near the boundary with the RVP) remain to be explored (Figure 2).

On the RVP property (Figure 1), three grab samples from the footwall to Dana South Zone returned assays of greater than 2 g/t Pd + Pt and 0.15% Cu (Table 2). These three samples were taken from outcrops of River Valley Intrusion along the shore of Dana Lake, approximately 50 metres from the east boundary of the Dana South Zone (Figure 3). The area between the outcrop and stripped area is covered, but the indications of high-grade mineralization where sampled suggest that the Dana South Zone could potentially be expanded eastward, or that another mineralized zone may be present. Further field work in this area is definitely warranted. The broader implication of these findings, particularly in view of the T2 discovery near Dana North in 2015, is that the footwall to the main River Valley Intrusion remains under explored for PGM and will be a high priority for future exploration programs.

Note too that a major objective of the field exploration program was to search for outcrops of River Valley Intrusion rocks in the footwall above the T2 target (Figure 1). Outcrops of favourable intrusive rocks (Breccia Unit and Boundary Zone) were found, but do not appear to be mineralized. Nevertheless, the presence of such rocks where they are not supposed to be supports the geological model for the T2 Target. A follow-up drill program on the T2 Target was completed in October and assay results are pending from the laboratory.

Financial support for the 2016 field program from the JEAP Program is gratefully acknowledged.


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Figure 1. Geological map showing the locations of the River Valley Extension Project and the River Valley Project properties.


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Figure 2. Geological outline map showing the locations of high grade assay samples taken from the River Valley Extension Project.

Table 1. Selected samples collected from target areas of PFN’s River Valley Extension Project


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Figure 3. Geological map showing the location of three high grade PGM samples to the east (footwall) of the Dana South Zone, River Valley deposit. These samples are from mineralized outcrops of favourable River Valley rocks along the shore of Dana Lake (not shown). Note that the PGM grades of these samples (2.35 to 4.36 g/t Pd + Pt) are similar to the PGM grade (4.73 g/t Pd + Pt) of a sample taken from the Dana South Zone itself.

Table 2. Selected samples collected from the Dana South Zone area of PFN’s Flagship River Valley Project


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Sample Assay Procedures

The grab samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario sample preparation and assay analyses. The preparation involved crushing of 3 kilograms of each sample to 90% passing 2 mm, and then pulverizing 0.5 kilograms to 85% passing 75 micrometres. Palladium, platinum and gold were assayed by fire assay with ICP-AES finish. Copper, nickel and 32 other metals were assayed by two acid digestion and ICP-OES finish. Blind standards and blanks were not submitted for assay with the samples, due to the reconnaissance nature of the field program. However, the SGS Canada Inc. Laboratory followed their own internal QA/QC procedures for the assay analyses.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Company claim blocks in the Clayton Valley area of Nevada

(Above map is a Company-made composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital Corp. Expands The Lithium Two Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 11:12 AM on Tuesday, November 29th, 2016

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  • Additional claim added to the Lithium Two Project-Surface samples from the Eagle Pegmatite yielded assays up to 3.04% Li2O
  • Surface samples from the FD No. 5 Pegmatite yielded assays up to 2.08% Li2O
  •  Follow-up surface sampling ongoing
  •  Drilling planned for early 2017

November 29th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments has acquired additional ground from Mustang Minerals Corp. (Mustang), increasing the size of the Lithium Two Project.

Following up on the Lithium grades previously released on the Lithium Two Project (News release Nov. 17th, 2016) from surface sampling of the Eagle and F.D. No. 5 Pegmatites, the company decided to enact a clause in their agreement with Mustang and acquire additional ground. This ground has been acquired at no additional cost and the size of the project area has doubled. The company considers the Cat Lake Area to be highly prospective for potentially economic lithium deposits. Numerous pegmatites in the region are Spodumene-Bearing and of the Lithium-Cesium-Tantalum (LCT) type of pregmatites, which are ideal for lithium potential. The Lithium Two Project is located north of Cat Lake, approximately 145 kilometres (90 miles) northeast of Winnipeg, Manitoba (Canada) and 22 kilometres north of the Tanco Mine Site (Figure 1). Geologically, the project is situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite.

Two historically known Pegmatites exist on the project area, the Eagle Pegmatite and the F.D. No. 5 Pegmatite. Surface sampling of the Eagle Pegmatite returned assays up to 3.04% Li2O. This pegmatite extends onto the CAT 4 claim to the west. It is the CAT 4 claim that has been acquired from Mustang.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Pegmatite Dykes (Spodumene is a lithium bearing mineral found in Pegmatite Dykes) over a distance of approximately 823 metres. In 1947, drilling of the Eagle Pegmatite estimated that there was 545,000 tonnes (600 000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 60 metres (200 feet). This is a historic estimation and not NI 43-101 compliant. The Eagle Pegmatite remains open to depth. Additional surface sampling of the pegmatites is ongoing. Drilling of the Pegmatites is planned for early 2017.


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To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. PFN is the largest mineral claim holder in the Pegmatite Field. As part of company’s Prospector Generator Model, negotiations are currently ongoing with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.

ABOUT PFN’S PGM DIVISION

PFN’s flagship project is its 100% owned River Valley PGM Project (PFN Website – River Valley Project) in the Sudbury Mining District of northwest Ontario (60 kilometres due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion and is undergoing continued exploration. Results are expected from the fall drill program in the next few weeks.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements:. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

INTERVIEW: PFN Capital (TSXV: PFN) At the Forefront of PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 4:35 PM on Wednesday, November 23rd, 2016

  • 100% owned River Valley PGM resource in Northern Ontario is one of the largest undeveloped primary PGM resources in Canada
  • Measured + Indicated resources contain ~ 2,500,000 ounces PGM + Gold
  • Resource under Evaluation for Development Potential as Open Pit Mining Operation

Hub On AGORACOM / Corporate Profile / Watch Interview

Pacific North West Capital Corp. Reports Up To 3.04% Lithium Oxide On The Lithium Two Project, SE Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Thursday, November 17th, 2016

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  • Phase One Program of pegmatite sampling completed on Pacific North West Capital’s (PFN) Lithium Projects in SE Manitoba by its 100% owned Lithium Division, Lithium Canada Developments (LCD)
  • Two main pegmatites were sampled
  • Multiple high grade surface samples from the Eagle Pegmatite yielding assays of up to 3.04% Li2O
  • Surface samples from the FD No. 5 Pegmatite yielded assays of up to 2.08% Li2O
  • 2000m drill program recommended and a detailed mapping and sampling program.

November 17th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments has received the assays from its 2016 Phase One Field Program on the Lithium Two Project. The company considers these results to be very positive and highlights the lithium potential of the Lithium Two Project.

The Lithium Two Project is located north of Cat Lake, approximately 145 kilometers (90 miles) northeast of Winnipeg, Manitoba (Canada) and 22 kilometers north of the Tanco Mine Site (Figure 1). Geologically, the project is situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite, which has been mined since 1969 at the Tanco Mine Site. At one time, the Tanco Mine was North America’s only producer of Spodumene (a primary lithium mineral). This Project has excellent access via a major gravel covered provincial highway in the project area.

Two historically known Pegmatites exist in the project area; the Eagle Pegmatite and the F.D. No. 5 Pegmatite. Numerous other surface exposed Pegmatite Dykes occur in the project area. Surface samples were collected during a Phase One Exploration Program to evalute the two major Pegmatites. Assays are displayed in Table 1 and sample locations are shown in Figure 2.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Dykes, over a distance of about 823 meters, with a general strike of 077? and a near vertical dip. Approximately 200 meters of the Eagle Pegmatite was examined in this program. In 1947, drilling of the Eagle Pegmatite estimated that there was 545,000 tonnes (600,000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 60 meters (200 feet). This is a historic estimation and is not NI 43-101 compliant and should not be relied upon. The Eagle Pegmatite remains open to depth.

 


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Figure 1: Lithium Two Project Location Map


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The F.D. No. 5 Pegmatite is exposed over an area of 15 square meters, but is poorly exposed away from the main showing. This Pegmatite strikes at 80? and dips near vertically to the north. The Pegmatite has not been previously drill tested.


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Table 1: Lithium Two Project Assay Result

The Lithium content over each of the sampled Pegmatites is extremely high. In addition, Tantalum, Cesium and Rubidium contents are enriched – consistent with a Lithium-Cesium-Tantalum (LCT) Type Pegmatite. LCT Type Pegmatites are the deposit types of interest in Lithium Exploration. The Tanco Pegmatite is a LCT Type Pegmatite.

The Pegmatite samples were sent to the Activation Laboratories facility in Ancaster, Ontario for analysis. Samples were prepared using the lab’s Code RX1 procedure, in which samples are crushed up to 95% passing through a 10 mesh, riffle split, and then pulverized with mild steel to 95% passing 105 um. Analyses were completed using the lab’s Ultratrace 7 Package. This package is a sodium peroxide fusion, which allows for total metal recovery and is effective for the analysis of sulphides and refractory minerals. Assay Analysis is carried out using ICP-OES and ICP-MS instrumentation. Due to the reconnaissance and prospecting nature of the Phase One Program, independent standards or blanks were not submitted with the samples. However, Activation Laboratories followed their own internal QA/QC procedures. It is recommended that for future detailed mapping/sampling programs and for drilling, a full QA/QC program of standards, duplicates and blanks be implemented.

It is recommended that additional samples be collected along the strike of the Eagle Pegmatite and during reconnaissance sampling of the minor pegmatites in the project area. Additional sampling will occur over the next few weeks. The sampling results will be utilized to create a surface distribution map of the lithium content. During the 2017 field season, it is recommended that the area be mapped in detailed with the purpose of understanding the controls on the Pegmatite emplacement and discovering more Pegmatites. A drill program of 2000 meters is recommended for 2017 to test the Eagle and F.D. No. 5 Pegmatite Dykes.

To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. PFN is the largest mineral claim holder in the Pegmatite Field. As part of company’s Prospector Generator Model, negotiating is currently ongoing with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.

About PFN’s PGM Division

PFN’s flagship project is its 100% owned River Valley PGM Project (PFN Website – River Valley Projectin the Sudbury Mining District of northwest Ontario (60 kilometers due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion and is undergoing continued exploration. Results are expected from the fall drill program in the next few weeks.

Management Commentary

Harry Barr, Chairman and CEO comments; “The positive results from the Lithium Two project correlate well with managements objective to bring three of the companies five lithium projects to the drill stage before the end of the first quarter of 2017. We have also just completed the fall drill program of the 100% owned River Valley Project, which is one of Canada’s largest undeveloped primary PGM projects. Results from both divisions are expected over the next few weeks.”

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr “

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Pacific North West Capital Corp. Provides Exploration Update For The Lithman North Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 8:24 AM on Monday, November 14th, 2016

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  • Phase One Program of Pegmatite sampling completed on Pacific North West Capital’s Lithium Projects in SE Manitoba, by its 100% owned Lithium Division, Lithium Canada Developments (LCD)
  •  Numerous Pegmatites were reviewed and sampled in the field
  •  Assay results revealed anomalous REE and Rare Metals, in several localities, on the Project area
  •  Recommendation is for a Detailed Field Mapping and Sampling Program for the Spring of 2017, followed by a Summer/Fall Drill Program.

November 14th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received and reviewed the Assays from its 2016 Phase One Field Program on the Lithman North Project. The Project is situated in SE Manitoba, approximately 150 kilometres NE of Winnipeg, Manitoba.

The Lithman North Project is located in the Cat Lake area of the Winnipeg River Pegmatite Field. This Pegmatite field hosts the world-class Tanco Pegmatite, which has been mined at the Tanco Mine Site, since 1969. The mine was a Spodumene (a Lithium mineral) concentrate producer from 1986 to 2009, and a Tantalum mineral concentrate producer until March 2013. The mine presently produces Pollucite from the Tanco Pegmatite, which is used to make Cesium Formate. The Tanco Mine is operated by the Tantalum Mining Corporation of Canada (a division of the Cabot Corporation) and was previously North America’s Largest and Sole Producer of Spodumene, Tantalum and Cesium. The Lithman North Project is located approximately 15 kilometres NE of the Tanco Mine Site. The Project is accessible via an all-weather road transecting the Project area

A total of 56 field samples (See Figure 1) were collected of Surface Exposed Pegmatites, as part of the Phase One Program to Assess the exploration potential of the Pegmatites in the Project area. The work was carried out by the Company’s Consultants, from Manitoba. Pegmatites have been noted on historic government maps (1981 ER80-1 Cerny, Trueman, Ziehike, Goad and Paul) but no indication of past exploration or evaluation of these Pegmatites was available. Field work confirms the existence of more numerous Pegmatites, than indicated in government mapping. A large portion of the project area has Pegmatites and Pegmatitic Granite exposed on the surface. The purpose of the Phase One sampling was to test the chemical and mineralogical nature of the Pegmatites.

Field work revealed evidence for several different Pegmatite Intrusive Events. Numerous Pegmatites were mapped as Albite Pegmatites with strong Mica contents. The Pegmatites ranged from simple to complex in mineralogical composition, and some displayed crude zoning. The area prospected was approximately 2 kilometres by 2 kilometres in size. Assay results for Field GrabSamples showed that several Pegmatite locations were enriched in Total Rare Earth Oxides plus Y (TREO + Y). Thirteen of the 56 samples contained more than 100 ppm TREO + Y. The maximum value was with up to 510 ppm TREO + Y ppm. In addition, assays for several grab samples from Surface Pegmatites returned elevated Rare Metal values of Gallium (up to 87 ppm), Niobium (up to 55 ppm), Tantalum (up to 65 ppm), and Rubidium (up to 494 ppm). Lithium Assays were low, which indicates that Spodumene minerals are not exposed at surface where sampled, but could be present at depth. This low-cost program of Prospecting and Sampling revealed that some of the Pegmatites have a complex minerology, that with more work, could prove to be interesting. Further exploration is recommended.


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Figure 1: Lithman North 2016 Pegmatite Sample Sites on Government 1980 Geology Map

Surface Sampling of Pegmatites can be a challenging field exercise in the assessment of a Pegmatite, because some Pegmatites are zoned and surface exposure reflects erosion levels. From the field review and Assay results, the Company’s Consultants recommend a Program of Detailed Mapping and Sampling, to be carried out in the Spring of 2017, with a Drill Program to follow. These Pegmatites have never been Drill Tested.

Samples of the Pegmatites were sent to the Activation Laboratories facility in Ancaster, Ontario for Assay Analysis. Samples were prepared using the lab’s Code RX1 procedure, in which samples are crushed up to 95%, passing through a 10 mesh, riffle split and then pulverized with mild steel, to 95%, passing 105 um. Assay Analyses were completed using the lab’s Ultratrace 7 Package. This package includes a Sodium Peroxide Fusion (which allows for a total metal recovery and is effective for the analysis of Sulphides and refractory minerals) and ICP-OES and ICP-MS instrumentation finish. Due to the Reconnaissance and Prospecting nature of the Phase One Program, standards or and blanks were not submitted with the samples. It is recommended, for the Detailed Mapping/Sampling Program and for Drilling, that a QA/QC Program of Standards and Blanks be implemented.

To date, the Company is the Largest Mineral Claim Holder in the Cat Lake-Winnipeg River Pegmatite Field of SE Manitoba. The Company uses a Prospector Generator Model and is currently negotiating Option/Joint Ventures with interested parties, for the Company’s Lithium Projects.

Pacific North West Capital Corp. has two divisions; a Lithium Division and a PGM Division.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals; Lithium, PGMs and Rare Earths, have Robust Macro Trends, with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project, Acquired by the Company (see PFN News Releases: April 25th, 2016 and May 9th, 2016). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba(see PFN News Releases: April 21st, 2016;May24th, 2016; June 15th, 2016; July 5th, 2016 and July 21st, 2016). This Pegmatite Field hosts the Giant Tanco Pegmatite Mine that has been mined for Tantalum, Cesium and Spodumene (one of the Primary Lithium Ore Minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to Further Explore this Pegmatite Field.Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically, in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.


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Figure 2: PFN’s (Lithium Canada Dev.) Lithium Projects in Manitoba, Surrounding the Tanco Mine

Figure 3: Company Claim Blocks in the Clayton Valley area of Nevada

(Figure 3 is a Company-made Composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine Processing Operations. The mine has been in operation since 1967 and remains the only Brine-Based Lithium Producer in North America. The New Project Acquisition, in Nevada, provides the Company a Project, in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a Centralized Location in Nevada, with Highway Access, Power Infrastructure, Water and Local Labor.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annualLithium-ion battery production capacity of 35gigawatt-hours per year, by 2020. The CV West Li Project is located approximately 3 hours north of the Faraday Electric Car Factory, to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally, known to contain Commercial-Grade Lithium-Enriched Brines.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans, for River Valley, are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the current Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of the River Valley Deposit

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:
    • -Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate-Possible New Mineralized Zone at the north end of the River Valley Deposit-Show potential to take the River Valley PGM Project in a New Direction-More drilling required and field crews have completed ground-proofing targets, to better plan Fall and Winter Drill Programs
  1. 9. Exploration and Development Plans for 2016:
    • -Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more, higher grade: Drilling Started October 2016-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results-Ongoing Strategic Partner Search for River Valley

Resources under Evaluation for Development Potential as Open Pit Mining Operation:


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QUALIFIED PERSON

The contents contained herein, which relate to Exploration Results or Mineral Resources, are based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist, for Pacific North West Capital. Dr. Stone is a Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.