15:16:39 EDT Mon 04 May 2026
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Ameriwest Critical Metals Inc
Symbol AWCM
Shares Issued 36,855,245
Close 2026-05-01 C$ 0.47
Market Cap C$ 17,321,965
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Ameriwest Critical expands Bornite to 1,740 acres

2026-05-04 12:41 ET - News Release

Mr. David Watkinson reports

AMERIWEST EXPANDS BORNITE PROPERTY TO SECURE BROADER BRECCIA PIPE EXPLORATION UPSIDE

Ameriwest Critical Metals Inc. has expanded its land position at its 100-per-cent-owned Bornite property in Oregon, which hosts a copper-gold-silver mineralized breccia pipe system, through the staking of additional unpatented mineral claims.

Brewer Exploration Inc. was retained to repost 34 unpatented mineral claims after the claim posts had been destroyed by the 2021 Beachie Creek fire. In addition, Ameriwest has staked 53 new unpatented mineral claims, bringing the total Bornite land package to 87 unpatented mineral claims covering approximately 1,740 acres.

The expanded claim block consolidates Ameriwest's control over the area surrounding the known Bornite breccia pipe and secures additional ground in a region whose prospectivity has not been fully explored. Historical information reviewed by the company, along with clustered nature of breccia pipe systems in certain districts, suggests that the broader area may host additional breccia-pipe-style targets.

David Watkinson, president and chief executive officerof Ameriwest, stated: "Expanding and consolidating our land position at Bornite is an important step in advancing what we believe could be a larger mineralized system than the existing breccia pipe alone. Historical exploration has already defined a significant breccia pipe with several mineralization domains, including a higher-grade outer shell zone, and that known pipe remains the foundation of our exploration strategy. As we advance plans for further exploration of the existing pipe, this expanded claim package gives Ameriwest the room to take a disciplined approach to assessing the broader district for additional breccia pipe-style targets and to build on the overall scale potential at Bornite."

The company is evaluating next-step exploration programs for the enlarged claim block, which may include additional compilation of historical data sets, target generation work, geologic mapping and geophysical surveys designed to prioritize areas for follow-up exploration.

About the Bornite property

The Bornite property hosts a copper-gold-silver deposit located approximately 50 miles east of Salem, Ore. Mineralization is associated with a roughly cylindrical, vertically oriented, cigar-shaped breccia pipe measuring approximately 450 feet in diameter and extending from surface to approximately 1,000 feet depth, where it remains open. Copper minerals, principally bornite and chalcopyrite, occur within the breccia matrix, primarily along the pipe margins. Higher-grade mineralization is reported along the outer shell of the pipe, with lower-grade mineralization occurring toward the interior.

Qualified person statement

David Watkinson, PEng, a non-independent qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this news release. Mr. Watkinson is the chief executive officer and a director of Ameriwest.

About Ameriwest Critical Metals Inc.

Ameriwest is an exploration company focused on identifying and advancing strategic critical mineral projects for exploration and resource development. The company is currently advancing its Bornite copper-gold-silver property in Oregon, its Xeno rare earth property in British Columbia and its Thompson Valley lithium clay property in Arizona. Ameriwest also owns a lithium clay property in Clayton Valley, Nevada, and is in the process of optioning its Railroad Valley lithium brine property in Nevada to Pure Energy Minerals Ltd.

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