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Ameriwest Critical Metals Inc. Regulatory Filings 2022

Jul 28, 2022

47874_rns_2022-07-28_866341e1-90b7-4ae0-bfaf-ffeb3f837439.pdf

Regulatory Filings

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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

July 18, 2022

Item 3 News Release

The news release dated July 19, 2022 (the “ News Release ”) were disseminated via Global Newswire and subsequently filed on SEDAR.

Item 4 Summary of Material Change

The Company announced it has acquired 178 unpatented lode mineral claims from Port Mercantile Holdings Ltd.

Item 5 Full Description of Material Change

The Company announced it has acquired 178 unpatented lode mineral claims from Port Mercantile Holdings Ltd. (“ Port Mercantile ”). The claims, located about 30 miles south of Eureka Nevada, will more than double the size of Ameriwest’s Little Smoky Valley Property (the “ LSV Property ”) to 282 unpatented lode mineral claims encompassing about 5,600 acres. As part of the purchase agreement (the “ Agreement ”), Ameriwest will issue 2.3M shares and pay US$150,000 to Port Mercantile, in exchange for 100% ownership of the claims. The transaction is subject to regulatory approval.

As announced in a June 7, 2022 press release, the LSV Property is adjacent to Clear Sky Lithium Corp.’s (“ Clear Sky ”) ELi Lithium Property. Ameriwest’s claims cover a sequence of volcanic sedimentary rocks of lower Miocene to Oligocene age including tuffs, mudstones, claystones, and siltstones that management believes has the potential to host lithium mineralization. A recent NI 43-101 Technical Report entitled “The ELi Sediment-Hosted Lithium Deposit, Eureka and Nye Counties, Nevada: Technical Report” was prepared by Robert J. Johansing, BSc Geology, MSc Economic Geology, QP MMSA, effective date January 4, 2022, is available under Clear Sky’s corporate filings at www.sedar.com. The Technical Report summarizes soil sampling results from 133 soil samples on the ELi Property, consisting of 26 mineral claims, with results ranging from 44.5 to 801.7 ppm lithium. Ameriwest’s geologists have not verified the results reported by Clear Sky but believe the surrounding area, where Ameriwest staked or acquired its 282 claims, has potential for lithium mineralization, subject to exploration success. Ameriwest initially plans to conduct surface soil and rock chip sampling on the property to confirm the presence of lithium. If successful, the Company will conduct further exploration activities such as geophysics and drilling.

Technical aspects of the News Release have been reviewed and approved by David Watkinson, P.Eng.; a Qualified Person (QP) under National Instrument 43 -101; who is the President and CEO 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 28[th] day of July, 2022.

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