Alto Ventures – Phase 2 Drilling Commences on the Destiny Gold Project, Québec

Drilling Program Highlights

* 2000 metre Phase 2 diamond drilling program in progress
* DAC Deposit hosts high grade gold mineralization in quartz veins within multiple zones of wide alteration
* NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 grams per tonne (g/t) gold and an inferred resource of 444,753 tonnes grading 4.46 g/t gold
* Open along strike and at depth

January 27th, 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 that the Phase 2 diamond drilling program has commenced at the DAC Deposit on the Destiny Gold Project. The Phase 2 program will consist of approximately 2,000 m of diamond drilling to follow up positive results from the Phase 1 program that was completed in December 2009. Results from the last six holes of the Phase 1 program will be released as they become available.

Results from the first eight of 14 holes completed during the Phase 1 program returned high grade values up to 44.39 g/t gold (1.29 ounces/ton) over 0.5m. The high grade quartz veins occur within multiple zones of wide shear-related alteration systems which carry gold values of interest including 21.0m averaging 1.39 g/t (see Alto’s and PFN’s news releases dated December 3, 2009 and January 15, 2010). The results from these first eight holes are very positive as they confirm continuity of gold mineralization between previously drilled holes, some of which were spaced from 100m to 200m apart. The mineralization remains open along strike and at depth.

The Phase 1 and Phase 2 programs are designed to expand the known NI43-101 compliant resources at the DAC Deposit through infill and step-out drilling. A Phase 3 program is slated for later this year and its size will depend on final results from Phase 1 and results from the current Phase 2 program. PFN has funded the $600,000 Phase 1 program and will continue to fund Phase 2. The Phase 1 and Phase 2 programs are managed by Alto.

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.

About the DAC Deposit

The main area of mineralization on the Destiny Gold Property is the DAC zone, which occurs over a strike length of about 600 m. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections up to 178.5 g/t gold over a drill width of 1m. The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see “A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d’Or, Quebec” dated January 9, 2007, available on the Alto Ventures website). Drill-hole cross sections and a 3D model were generated for the DAC Deposit in 2008 and are posted on www.corebox.net.

The Destiny Gold Property is under Option to Pacific North West Capital Corp. Under the terms of the Option Agreement, Pacific North West Capital will pay Alto $200,000, provide Alto with 250,000 common shares of Pacific North West Capital, and complete a total of $3,500,000 in exploration expenditures over a four year period to earn a 60% interest in the Destiny Gold Property. Subsequent to vesting of its interest, Pacific North West Capital will form a joint venture with Alto to further develop the project

Mike Koziol, P. Geo., P.Eng. and Alto’s President and CEO is the Qualified Person who has reviewed and approved this news release.