NIXON FORK

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.

Reported that mine stockpiles amount to 2,100 tonnes of ore, and approximately 116,000 tonnes of mill tailings are ready to be processed in the CIL circuit. Limited production in 2007 resulted in recovery of 6,775 ounces of gold and 78,644 pounds of copper. In the fourth quarter of 2007, with a view to conserve cash for the Company’s exploration and mine development activities in the Timmins mining camp, the Company determined to abandon a surface drilling program that was initially planned for the spring of 2008 at various locations along the approximately 4 kilometer long, monzonite-limestone skarn contact zone and the Whalen zones and on several known zones of gold mineralization on the mine property.

St Andrew Goldfields announced a Can$20 million private placement consisting of 33.3 million common shares at 60 cents each. Proceeds will be used for exploration expenditures at St Andrew’s Nixon Fork property; development and drilling programs at the Holloway-Holt gold mine; working capital; and general corporate purposes.