16:39:18 EDT Mon 11 May 2026
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Ameriwest Critical Metals Inc
Symbol AWCM
Shares Issued 36,855,245
Close 2026-05-08 C$ 0.44
Market Cap C$ 16,216,308
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Ameriwest outlines exploration targets at Bornite

2026-05-11 13:41 ET - News Release

Mr. David Watkinson reports

AMERIWEST OUTLINES MULTIPLE ADDITIONAL BRECCIA PIPE-STYLE TARGETS AT BORNITE FROM HISTORICAL SOIL SAMPLING AND MAPPING

Ameriwest Critical Metals Inc.'s review and compilation of historical soil sampling and geological mapping data have outlined multiple additional breccia-pipe-style exploration targets on the company's 100-per-cent-owned Bornite property in Oregon. The newly interpreted targets occur in the northeast corner of Ameriwest's recently expanded claim block, where the company holds 87 unpatented mineral claims covering approximately 1,740 acres. These new targets complement the known copper-gold-silver mineralized breccia pipe, which remains the company's priority exploration target.

David Watkinson, the chief executive officer of Ameriwest, stated: "The Bornite Pipe is a compelling target in its own right, and the known breccia pipe remains the foundation of our exploration strategy, with the goal of advancing the project toward a current mineral resource estimate. At the same time, the historical soil sampling and mapping now suggest that Bornite may sit within a broader breccia pipe cluster on the ground we control, providing us with a pipeline of additional targets that could enhance the overall scale and potential of the project."

Historical information acquired and reviewed by the company indicates that the Bornite Pipe may form part of a broader cluster of breccia-pipe-style exploration targets on the property. Breccia pipes commonly occur in clusters. Historical soil sampling and geological mapping completed by Amoco Minerals Company in the 1970s and 1980s have been reviewed and interpreted by the company and its consultant, Apex Geoscience Ltd. This work highlights the Bornite Pipe and five additional breccia-pipe-style targets in the northeast corner of the claim block that merit systematic follow-up exploration.

The historical soil and mapping data referred to in this news release predate the implementation of National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) mineral exploration best-practice guidelines. The historical sampling, assaying and quality control procedures are unknown. The company's qualified person has reviewed the available maps, sample locations and compiled interpretations that form the basis for the disclosure in this news release; however, the qualified person has not independently verified the historical data and is relying on it for target-generation purposes only. The historical information is considered relevant as a guide for future exploration, but the additional targets discussed herein remain unconfirmed and will require follow-up work.

The company is continuing next-step work programs designed to advance the Bornite Pipe while refining the newly identified targets. Current work includes the continued compilation and digitization of historical data sets, 3-D modelling of historical data, relogging and reassaying of historical core, evaluation of drone or helicopter geophysics, drill program development, and permitting of an initial drill program.

About the Bornite property

The Bornite Pipe is a copper-gold-silver mineralized breccia pipe system 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. Historical exploration and the company's recent 3-D geological modelling indicate several mineralization domains within the known Bornite Pipe, including a higher-grade outer shell zone along the pipe margins, a lower-grade interior zone and sheeted veins on the outside of the pipe margin.

Qualified person statement

David Watkinson, PEng, a non-independent qualified person under NI 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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