PACIFIC NORTH WEST CAPITAL CORP.

Pacific North West Capital Corp. (PFN) announces that it has granted to Fire River Gold Corp.(FAU) an option to acquire the outstanding shares of Mystery Creek Resources, Inc. (MCR), a wholly owned Alaskan subsidiary of PFN. MCR’s assets include the Nixon Fork gold mine, located 56 kilometres northeast of McGrath, Alaska, USA. Fire River Gold will pay PFN US$50,000 on signing of the agreement. FAU may exercise the option by making further payments totalling US$450,000 over a six month period, and issuing a total of US$2.5 million in FAU shares at a deemed price of $0.45 per share for a total of 6,415,000 shares. Based on FAU’s share structure, the issued shares will give an ownership interest of approximately 64% of FAU.