Ameriwest Critical Metals Inc. — Regulatory Filings 2021

Aug 19, 2021

FORM 51–102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Ameriwest Lithium Inc. (“ Ameriwest ” or the “ Company ”) Suite 306, 1110 Hamilton Street Vancouver, British Columbia V6B 2S2

Item 2 Date of Material Change

August 19, 2021

Item 3 News Release

The news release dated August 19, 2021 was disseminated via Global Newswire and subsequently filed on SEDAR.

Item 4 Summary of Material Change

The Company announced the appointments of Zig Hancyk, PhD, to its Board of Directors, and Mr. Dennis P. Bryan to its Advisory Board.

Item 5 Full Description of Material Change

The Company announced the appointments of Zig Hancyk, PhD, to its Board of Directors, and Mr. Dennis P. Bryan to its Advisory Board.

Dr. Hancyk is an experienced senior executive, former CEO and management consultant who has worked with a wide variety of clients in Canada, the US and globally. He specializes in strategic planning and project management for companies and government organizations. He was named CEO of the year by the Vancouver Island Advanced Technology Centre. His former roles include serving as a director at Telus, CEO of Paretologic, Operations Advisor for Export Development Canada and Director of the MBA Management Consulting Programs at Royal Roads and the University of Victoria. Dr. Hancyk has extensive governance experience in both profit and non-profit sectors. In addition to being a Board member of some high-tech companies, he was also on the Board of Governors at Ryerson University in Toronto, the Vice Chair of the Co-operative Education Program Advisory Council at the University of Victoria and was on the Academic Planning Board of the Technical University of British Columbia (now part of Simon Fraser University). Dr. Hancyk was the Chair of the Vancouver Island Chapter of the Canadian Association of Management Consultants and a Board member of the Information and Communications Technology Council in Ottawa. He also served on the Academy for Technology CEOs in Vancouver, the Industrial Training and Apprenticeship Commission of BC and Saanich’s Governance Advisory Committee. He holds a PhD in Business Administration with a specialization in Strategic Planning from Capella University in Minneapolis, and a Master of Business Administration degree from the John Molson School of Business at Concordia University in Montreal. Dr. Hancyk is also a Certified Management Consultant and he is qualified as a Certified General Accountant in BC since 1990. He taught MBA courses as an adjunct professor at the University of Ottawa, the University of Victoria and Royal Roads University.

Mr. Bryan is a registered professional geological engineer in Nevada and for much of his career he was either an owner or manager of various consulting and geotechnical engineering firms. He previously served as a Commissioner on the State of Nevada Commission on Mineral Resources from 2000 to 2019, representing Nevada’s small miner interests including that of the industrial minerals and aggregate industries. He further served for ten years as Senior Vice President of Development for Lithium Nevada Corporation (previously Western Lithium Corporation), a junior mining company that is a wholly owned subsidiary of Lithium Americas Corporation. Lithium Nevada is developing one of the world’s largest known lithium deposits, in hectorite clay, located in northern Nevada. Lithium America also has a lithium brine resource in Argentina which is shortly planned to go into production. Another wholly owned subsidiary is ReoMinerals that manufactures organoclays utilizing hectorite from a property in Northern Nevada and other specialty clays from the western US. Mr. Bryan managed Nevada operations, including permitting, water rights, public relations for the company, and an extensive exploration drilling program that extended a portion of the historical lithium resource into a reserve to supply a proposed 20,000 tons per year lithium carbonate production facility. He has found and worked on the development of several aggregate resources in the Western US, and at one time was a co-owner of a lightweight aggregate operation he discovered in Arizona. Other industrial mineral commodities with which he has done exploration and development work include cement raw materials, diatomite, perlite, pozzolan, gypsum, clays, limestone, dimension stone, pumice and silica sand. He earned his B.S., Geological Engineering, at South Dakota School of Mines and Technology, in 1970, and an ,M.S., Geology, at Mackay School of Mines, University of Nevada, Reno, in 1972.

In conjunction with these appointments each of Dr. Hancyk and Mr. Bryan have each now been granted a fully vested stock option to acquire an aggregate of up to 100,000 common shares of the Company at an exercise price of $0.82 per common share and expiring five years from the date of grant in accordance with the provisions of the Company’s current stock option plan.

Ameriwest invites interested stakeholders and shareholders alike to visit its website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field, as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

Glenn Collick, COO and Director Tel: (778) 868-2226

Item 9 Date of Report

DATED at Vancouver, in the Province of British Columbia, this 19[th] day of August, 2021.

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