Ameriwest Critical Metals Inc. — Regulatory Filings 2021

Sep 1, 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 31, 2021

Item 3 News Release

The news release dated August 31, 2021 was disseminated via Stockwatch and subsequently filed on SEDAR.

Item 4 Summary of Material Change

The Company announced delay in filing annual financial statements.

Item 5 Full Description of Material Change

The Company announced that its annual financial statements for the year April 30, 2021, including the related management discussion and analysis and CEO and CFO certifications (collectively, the “ Annual Financial Filings ”), were not filed by the required filing deadline of August 30, 2021.

The Company is working closely with its auditors to complete the audit and will provide updates as further information relating to filing of the Annual Financial Filings becomes available. At this time the Company anticipates completing its Annual Financial Filings on or about September 1, 2021.

The Company has applied to the applicable securities regulatory authorities and received a management cease trade order (“ MCTO ”) imposed against the Chief Executive Officer and Chief Financial Officer of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed, and requires that the Annual Financial Filings be filed on or before 60 days from the date of the MCTO (the “ MCTO Period ”).

Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

If the Company is unable to file its Annual Financial Filings prior to the expiry of the MCTO Period, it is anticipated that the British Columbia Securities Commission will issue a general “failure to file” cease trade order prohibiting the trading by any person of any securities of the Company.

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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 31st day of August, 2021.

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