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Monday, May 5, 2008

Ni-Cu-PGE mineralization discovered on PFN's Tonsina Property

VANCOUVER, May 5 /CNW/ - Pacific North West Capital Corp. is pleased to
announce the results from the 2007 exploration program conducted at its 100%
controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling
and mapping completed in September has defined a drill ready nickel, copper,
and platinum group element target.

Highlights from the 2007 exploration program include:

<<
- Chromite bearing outcrop grab samples contain up to 2.3g/t platinum
and 1.6g/t palladium

- Chip channel samples of chromite and sulfide bearing outcrop contain
up to 0.86g/t platinum and 1.1g/t, palladium over a 2 meter interval

- Sulfide bearing outcrop grab samples contain up to 0.97% nickel and
0.58% copper

- Chip channel samples of sulfide bearing outcrop contain up to 0.75%
nickel over a 2 meter interval
>>

The 7,360 acre Tonsina Property is centered on Sheep Hill in the
northeastern Chugach Mountains only 8 km east of the paved Richardson Highway
and approximately 80 road miles north east of the all-weather port of Valdez.

To view image click on the link:
http://www.pfncapital.com/i/misc/050508image.jpg

This photo displays typical Sheep Hill nickel, copper, platinum group
element mineralization which consists of sulfides (brassy color blebs) and
chromite hosted in partially serpentinized ultramafic rocks (charcoal colored
foreground). Two samples collected from this outcrop returned values of 0.39%
Ni, 0.19% Cu, 616ppb Pt, 856ppb Pd, and 0.49% Ni, 0.25% Cu, 574ppb Pt, 856ppb
Pd.
Nickel, copper, and platinum group element mineralization is hosted in
dunite and lherzolite within the Tonsina Ultramafic Complex. The mineralized
rock units comprise a north dipping magmatic layer. Sulfide and chromite
mineralization within this layer define a distinct horizon (reef) up to
30 meters thick that has been mapped and sampled over a strike distance of
900 meters. The mineralized unit extends under cover to the north and west and
is truncated to the east by a high angle fault with unknown displacement. This
exploration success illustrates the potential for reef style nickel, copper
and platinum group element mineralization in other magmatic layers of the
Tonsina Ultramafic Complex.
A continuous chip channel sampling program was designed to cross the
mineralized horizon and test the vertical extent of the exposed
mineralization. Results indicate that copper and nickel correlate with sulfur,
and that platinum group elements correlate with chromium. High grade metal
anomalies extend over several meter intervals: 44-50 meters - 6 meter interval
grading 0.8g/t platinum and 1g/t palladium, and 62-74 meters - 12 meter
interval grading 0.59% nickel. The apparent dip of the sulfide horizon at
TOC0717 is 67.35degrees, the slope at TOC0717 is 33.69degrees, therefore the
true thickness of the 2 m samples is 1.975 m.

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------------------------------------------------------------------------
From_m To_m LabNum Pt_ppb Pd_ppb Cu_ppm Ni_ppm S_perc Cr_ppm
36 38 490155 171 114 1215 3230 0.20 2510
38 40 490156 192 202 1635 4210 0.46 2260
40 42 490157 250 371 1390 4530 0.47 2200
42 44 490158 93 122 1405 5810 0.53 2230
44 46 490159 798 1120 557 3110 0.22 2760
46 48 461551 750 839 496 2490 0.10 6290
48 50 461552 864 1095 781 2570 0.25 7200
50 52 461553 341 418 442 1830 0.14 2650
52 54 461554 116 164 2620 4570 0.70 2090
54 56 461555 131 151 1205 4250 0.66 996
56 58 461556 17 22 1340 3580 0.75 393
58 60 461557 31 53 1175 3650 0.73 831
60 62 461558 113 133 1195 3690 0.43 3860
62 64 461559 333 481 1935 4230 0.55 4760
64 66 461548 33 42 2930 7540 0.76 1360
66 68 487001 28 35 2040 6820 0.75 697
68 70 487002 36 43 1775 5120 0.66 1460
70 72 487003 28 55 2500 6470 0.69 1500
72 74 487004 50 88 2220 5450 0.72 1350
74 76 487005 108 149 1260 3300 0.37 1810
-------------------------------------------------------------------------
>>

Table 1 Selected geochemistry from Chip Channel TOC0717

Examination of thin sections from selected mineralized samples at the
University of Alaska petrography lab confirms the presence of widespread
pentlandite together with millerite and lesser covellite.
The Tonsina project was part of the reconnaissance agreement with
Stillwater Mining Company which was terminated in March 2008. This summer
PFN's exploration plans are to continue outcrop sampling and mapping in an
effort to expand on the currently identified sulfide and chromite horizon and
identify possible mineralized horizons in the alternating magmatic layers. An
IP survey is also planned to trace the north dipping mineralized horizon under
cover to the west, and north.

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 exploration philosophy is to generate new projects and
advance them to the point where they can be joint ventured to major mining
companies and funded 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, SOQUEM, First Nickel and Benton
Resources.
The Company currently has over $11 million in working capital and
securities.
The Qualified Person for this news release is Curtis Freeman, MS., P. Geo

On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO

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: 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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