International Tower Hill Mines Ltd.: Livengood Gold Deposit Expands in all Directions

400 metre step-out intersects 126.5 metres at 1.23 g/t Gold MK-RC-0078 - 134.1 metres @ 1.03 g/t Gold MK-RC-0098 - 62.49 metres @ 1.09 g/t Gold MK-RC-0099 - 53.34 metres @ 1.10 g/t Gold

Last update: 1:13 p.m. EST Dec. 10, 2008
VANCOUVER, BRITISH COLUMBIA, Dec 10, 2008 (MARKET WIRE via COMTEX) -- International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX VENTURE: ITH)(NYSE-A: THM)(FRANKFURT: IW9) is pleased to announce the latest drill results from its 2008 resource expansion drilling program at its bulk tonnage Livengood gold project near Fairbanks, Alaska (see Table 1). These results, many from the edges of the 2008 Core Zone drill pattern or significant step outs, demonstrate the significant expansion potential of the deposit. Of the 13 new holes announced in this release, seven have ended in higher grade mineralization, punctuating the excellent depth potential of the deposit.
The new assays demonstrates the continuity of higher grades to the edges and beyond the currently defined Core Zone drill area: to the south (MK-RC-0099 with 53.3 metres @ 1.1 g/t gold, 35.1 metres @ 1.3 g/t gold & 12.2 metres @ 1.2 g/t gold), to the southwest (MK-RC-0098 with 62.5 metres @ 1.1 g/t gold) and to the northeast (MK-RC-0095 with 13.7 metres @ 1.0 g/t gold & 126.5 metres @ 1.2 g/t gold) (see Figures 1 and 2). Hole MK-RC-0095 represents a major 400 metre step out to the east-northeast from the Core Zone and is extremely encouraging for the intervening area, which is one of the key targets of the winter drilling program to be started in February 2009. The results continue to expand the mineralization beyond the boundaries of the current resource, all of which will be included in the updated 43-101 resource estimate scheduled for February, 2009 following the return of assays for the remaining 15 2008 drill holes (see Figure 1).
These new results, particularly MK-RC-0095, continue to support the concept of an overall northeast-southwest trend to the zone of mineralization above and beyond the Core Zone as currently defined. They also highlight a number of high priority targets for expanding the higher grade zone of the deposit. In 2009 the Company will carry out a two stage drill program, including a 5,000 metre winter program and a 6,500 metre summer program, both of which will focus on the higher grade target areas.

Table 1: New Drill Result Highlights, Livengood Project, Alaska
Significant intercepts calculated using 0.25 g/t gold cut-off
From To Length Gold
Hole ID (metre) (metre) (metres) (g/t)
---------------------------------------------------------------
---------------------------------------------------------------
MK-RC-0078 134.11 144.78 10.67 0.58
150.88 153.92 3.04 13.85
164.59 298.70 134.11 1.03
MK-RC-0083 176.78 227.08 50.30 0.84
includes 184.40 193.55 9.15 2.20
252.98 262.13 9.15 0.70
277.37 288.04 10.67 0.69
MK-RC-0092 245.36 257.56 12.20 0.48
MK-RC-0093 140.21 182.88 42.67 0.62
188.98 214.88 25.90 0.63
231.65 262.13 30.48 1.07
268.22 291.08 22.86 1.38
includes 281.94 291.08 9.14 2.40
295.66 304.80 9.14 0.93
309.37 315.47 6.10 1.74
MK-RC-0095 1.52 19.81 18.29 0.63
47.24 60.96 13.72 1.02
67.06 129.54 62.48 0.92
141.73 268.22 126.49 1.23
includes 167.64 178.31 10.67 4.59
MK-RC-0096 60.96 67.06 6.10 4.93
137.16 140.21 3.05 5.19
150.88 173.74 22.86 1.70
includes 155.45 167.64 12.19 2.94
178.31 188.98 10.67 1.17
MK-RC-0098 156.97 219.46 62.49 1.09
MK-RC-0099 89.82 108.20 18.28 0.82
121.92 175.26 53.34 1.10
204.22 239.27 35.05 1.31
246.89 259.08 12.19 1.21
MK-RC-0100 164.59 182.88 18.29 0.72
includes 173.74 178.31 4.57 2.02
188.98 198.12 9.14 0.58
201.17 213.36 12.19 0.75
224.03 252.98 28.95 0.86
262.13 274.32 12.19 0.72
MK-RC-0102 117.35 141.73 24.38 1.90
163.07 169.16 6.09 0.91
211.84 274.32 62.48 0.84
MK-RC-0104 Hole lost at 128m
MK-RC-0105 Re-drill of hole 104 - No significant results
MK-RC-0106 115.82 124.97 9.15 1.83
128.02 153.92 25.90 0.90
179.83 190.50 10.67 1.59
193.55 208.79 15.24 0.72
210.31 281.94 71.63 0.83
309.37 335.28 25.91 1.70



To view Figure 1 and Figure 2 please click on the following link: http://media3.marketwire.com/docs/ITH%20FIGURES.pdf
Qualified Person
Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is not independent, as he is the President and CEO of ITH and holds common shares and incentive stock options.
The work program at Livengood was designed and is supervised by Dr. Russell Myers, Vice President, Exploration, and Chris Puchner, Chief Geologist (CPG 07048), of the Company, who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core. Duplicate reverse circulation drill samples are collected with one split sent for analysis. Representative chips are retained for geological logging. All sample shipments are sealed and shipped to ALS Chemex in Fairbanks, Alaska for preparation and then on to ALS Chemex in Vancouver, B.C. for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. The Company's 100% owned Livengood deposit is an advanced bulk tonnage resource expansion project that is the current focus of its Alaskan program. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.
On behalf of INTERNATIONAL TOWER HILL MINES LTD.
Jeffrey A. Pontius, President and Chief Executive Officer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate at Livengood, the potential for a significant expansion of the estimated Livengood resources, business and financing plans and business trends. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, should and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to obtain assay results in a timely manner due to laboratory workload, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, including those detailed above, and other risks identified in the Company's most recent Management Discussion and Analysis and Form 20F annual report. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release and other information released by the Company uses the terms "resources", "inferred resources" and "indicated resources". United States investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. United States investors are cautioned not to assume that all or any part of inferred or indicated resources will ever be converted into reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred or indicated resources will ever be upgraded to reserves. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred or indicated resources exist, or that they can be mined legally or economically.
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in this press release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as they may be amended from time to time by the CIM. United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth Industry Guide 7. Accordingly, the Company's disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to the SEC's Industry Guide 7.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
NR08-27
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
(604)683-6332 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.internationaltowerhill.com



SOURCE: International Tower Hill Mines Ltd.

Pacific North West Capital and Stillwater Mining Complete Exploration Program - Goodnews Bay Platinum Project, Alaska

Pacific North West Capital Corp. ('PFN') (CA:PFN: news, chart, profile) (PAWEF:
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, , ) announces the termination of the exploration agreement with Stillwater Mining Company ('Stillwater') (SWC:
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, , ) and Calista Corporation on the Goodnews Bay Platinum property. The Goodnews Bay property is located on the southwest coast of Alaska, approximately 550 air miles south-southwest of Anchorage, Alaska.
On April 12th 2006, PFN announced that it had signed an option to acquire up to 100% interest in a long-term exploration and mining lease from Calista Corporation, which encompassed an area of 82 square miles in the Goodnews Bay area. Previous placer operations in the streams draining the project area produced approximately 650,000 troy ounces of platinum. PFN began an exploration program on the Goodnews Bay property with the goal of identifying the lode source of the placer deposits.
In a second agreement dated February 26, 2007, Pacific North West Capital Corp. and Calista Corporation had entered into an option/joint venture agreement with Stillwater Mining Company, granting them the right to acquire up to 60% of its interest in the property.
The exploration programs conducted on the Goodnews Bay project culminated with the completion of a seven-hole, 1706 meter drill program completed over the summer field season of 2008. The drill program targeted platinum mineralization at the Last Chance showing, and at the Susie West soil geochemical anomaly. No significant platinum-palladium mineralization was identified during the program.
Based on the 2008 exploration results, Stillwater Mining Company and Pacific North West Capital Corp. have decided to terminate the exploration joint venture and have given proper notice to Calista Corporation.
Pacific North West Capital Corp. would like to thank both Calista Corporation and Stillwater Mining Company for their participation in the exploration of Goodnews Bay and look forward to potential business relationships with both parties in the future.
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 (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $8.3 million in working capital and securities.

The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.

On behalf of the Board of Directors

(signed)
Harry Barr
President & C.E.O.



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.
SOURCE Pacific North West Capital Corp.

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

VANCOUVER, May 5, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----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.

------------------------------------------------------------------------
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.

CONTACT: 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

SOURCE Pacific North West Capital Corp.

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.

<<
------------------------------------------------------------------------
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

Pacific North West Capital And Stillwater Mining Agree On Terms Of JV

1/16/2008 12:29:16 PM Pacific North West Capital (PFN.TO), a mineral exploration company, said Wednesday it finalized a joint venture agreement on the Goodnews Bay Platinum Project with the Billings, Montana-based Stillwater Mining Co. (SWC).

Under the terms of the agreement, Stillwater by spending $4 million is entitled to earn a 50% interest in the project by December 31, 2010.

Stillwater has the option to increase its interest in the project to 60% by incurring an additional $8 million in exploration expenditures within an additional two-year period or upon completion of a Feasibility Study, whichever occurs first.

Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.

PFN and Stillwater are exploring the Goodnews Bay Platinum Project. The sampling program was completed in 2006 and 2007 and resulted in definition of drilling targets at both Red Mountain and Susie Mountain.

The Vancouver, Canada-based Pacific North West Capital disclosed that a $1 million exploration budget has been approved for 2008 with the objective to drill one or more established targets and to define additional new platinum mineralization.

PFN and Stillwater are currently engaged in two distinct platinum group metal projects in Alaska. In addition, PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.

PFN.TO is trading at $0.3650 on a volume of 5,000 shares.