Mr. Glenn Collick reports

AMERIWEST LITHIUM ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to its news release dated Nov. 30, 2023, Ameriwest Lithium Inc. will be proceeding with the consolidation of its common shares on the basis of one postconsolidation share for every six preconsolidation shares, effective as of Dec. 7, 2023.

The company's name and trading symbol will remain unchanged after the consolidation. The new Cusip number will be 03078N209 and the new ISIN (international securities identification number) will be CA03078N2095 for the postconsolidation shares.

The company's postconsolidation shares are expected to begin trading on the Canadian Securities Exchange on or about Dec. 7, 2023. The total issued and outstanding number of shares after the consolidation will be approximately 12,390,691, subject to rounding for fractional shares.

No fractional shares will be issued in connection with the consolidation. In the event a holder of shares would otherwise be entitled to receive a fractional share in connection with the consolidation, the number of shares to be received by such shareholder will be rounded down to the next whole number if that fractional share is less than one-half of a share and will be rounded up to the next whole number if that fractional share is equal to or greater than one-half of a share.

The exercise or conversion price and the number of shares issuable under any of the company's outstanding convertible securities will be proportionately adjusted upon the effectiveness of the consolidation.

Registered shareholders that hold physical share certificates will receive a letter of transmittal requesting that they forward preconsolidation share certificates to the company's transfer agent, Endeavor Trust Company, for exchange for new share certificates representing shares on a postconsolidation basis. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own name will not be required to complete a letter of transmittal.

About Ameriwest Lithium Inc.

Ameriwest Lithium is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The company is currently exploring its 9,400-acre Thompson Valley property in Arizona. In addition, it is one of the largest lithium landholders in Nevada exploring its 15,300-acre Railroad Valley property, its 22,200-acre Edwards Creek Valley property, its 5,800-acre Little Smoky Valley property and its 7,600-acre Deer Musk East property. These include three lithium brine properties and two lithium clay properties.

We seek Safe Harbor.