Ameriwest Critical Metals Inc. — Regulatory Filings 2021

Jun 29, 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

June 28, 2021

Item 3 News Release

The news release dated June 28, 2021 was disseminated via Stockwatch and Newsfile and subsequently filed on SEDAR.

Item 4 Summary of Material Change

The Company announced the appointments of chief financial officer and a veteran mining engineer to the Company’s strategic advisory board.

Item 5 Full Description of Material Change

The Company announced the appointment of Graeme Wright as the Company’s new Chief Financial Officer and Gregory Bell to the Company’s Advisory Board.

Graeme Wright

Mr. Wright has over 35 years of financial management, consulting and accounting experience involving a wide range of industries. Mr. Wright has held Vice President of Finance and Administration positions in various Vancouver-based technology companies, one of which, Healthpricer Interactive Limited, was a publicly traded company. Mr. Wright’s contribution was critical to the and sale of Healthpricer and the spin out and privatization of its operating subsidiary.

Mr. Wright graduated from the University of Toronto with a bachelor’s degree in commerce, majoring in Accounting and Economics, and received his initial training at PricewatehouseCoopers.

Greg Bell

Mr. Bell is the first appointee to Ameriwest’s Advisory Board. Mr. Bell is a multi-disciplined engineering management professional with more than 30 years experience in the natural resources sector. He has successfully built and managed several start-up operations in various capacities as project engineer, project manager, chief technology officer, president or managing member.

Previously, Mr. Bell analyzed the lithium from oil-field brines potential of the Bashaw property in central Alberta for Fathom Nickel prior to it becoming part of E3 Metals Clearwater Project. He has also explored for lithium and cobalt deposits in many parts of the western U.S.

Mr. Bell has B.S. and M.S. degrees in Chemical Engineering from the Universities of Colorado and Wyoming. He is a Professional Engineer registered in the states of Arizona and Utah, and is a Certified Groundwater Professional recognized by the National Groundwater Association.

In conjunction with Mr. Wright’s appointment, the Company has now entered into a Financial Consulting Services Agreement with Mr. Wright which includes, as partial compensation to Mr. Wright thereunder, the granting of a fully vested stock option to acquire up to 100,000 common shares of the Company at an exercise price of $0.87 per common share for a period of two years from the date of grant.

As partial consideration for the services being provided under his Consulting Services Agreement, the Company has now granted Mr. Bell a fully vested stock option to acquire up to 100,000 common shares of the Company at an exercise price of $0.87 per common share for a period of two years from the date of grant.

In connection with the Company’s search for and appointment of Mr. Wright, the Company would like to thank Sam Eskandari, a director of the Company, for his valuable contribution as the interim Chief Financial Officer.

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 29th day of June, 2021.

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