11:04 AM EST - Pacific North West Capital Corp. : announced that it has entered into an Option Agreement with Kinbauri Gold Corp. whereby Pacific North may earn a 60% interest in Kinbauri's Fiedmont Property subject to a 2% NSR held by the original vendors. The vendor's NSR is subject to a one percent, $900,000 buy-back. Under the terms of the agreement, Pacific North may pay Kinbauri an aggregate amount of $98,000, issue 150,000 Pacific common shares to Kinbauri, subject to regulatory hold periods and expend $400,000 on exploration prior to November 30th, 2010 to earn its interest. Pacific North West Capital Corp.
shares T.PEN are trading unchanged at $0.15.
