High Grade Gold Intersected in the First Five Diamond Drill Holes at the DAC Deposit, Destiny Gold Project, Québec

* High grade gold including 33.57 g/t (0.98 oz/ton), 7.2 g/t (0.21 oz/ton) and 5.3 g/t (0.15 oz/ton) intersected in multiple zones within the DAC Deposit
* Phase 2 program schedule for February
* Gold-mineralized wide shear zones including 21.0m at 1.39 g/t gold and 22.4m at 0.91 g/t gold
* NI43-101 Compliant Resource with potential for expansion
* Open along strike and at depth

January 15, 2010 Vancouver, BC — Alto Ventures Ltd. (ATV: TSX-V) and Pacific North West Capital Corp. (“PFN”) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) are pleased to announce significant results from three diamond drill holes completed at the DAC Deposit on the Destiny Gold Project. High grade quartz veins including 33.57 g/t gold over 0.5m (0.98 oz/ton); 7.2 g/t gold over 0.5m (0.21 oz/ton); 5.3 g/t gold over 2.0m (0.15 oz/ton); and 5.0 g/t gold over 1.4m (0.146 oz/ton) were intersected. These veins occur within wide shear-related alteration systems which carry gold values of interest including 21.0m averaging 1.39 g/t and 22.4m averaging 0.91 g/t gold (see Table of Significant Gold Assays below).

The first five holes of the drilling program which include 44.39 g/t gold (1.29 oz./ton) ; 39.5 g/t gold (1.15 oz./ton); and 20.6 g/t gold (0.60 oz./ton) across 0.5 m, and these latest results confirm the large size of the gold system at the DAC zone (see Alto and Pacific Northwest Capital news releases dated December 3, 2009). They are part of the Phase 1 program which consisted of 5,600m of diamond drilling in 14 holes. The drilling was completed on December 22, 2009 and results for the remaining six holes will be released as they become available.

The Phase 1 program was designed to expand the known NI43-101 compliant resources at the DAC zone through infill and step-out drilling. The results from the first eight holes are very positive as they confirm continuity of gold mineralization between holes drilled previously, some of which were spaced from 100m to 200m apart. The mineralization remains open along strike and at depth.

The property is located approximately 75 km north of Val d’Or in the Abitibi-Témiscamingue region of Quebec. The geological environment at Destiny including the shear-hosted high grade quartz veins is similar to the main Val d’Or gold belt. Val d’Or is one of the major gold mining centres in the Province of Québec, and currently active with many new mine development projects. The property is road accessible with excellent mining infrastructure and support facilities nearby.

Table of Significant Gold Assays