Mr. David Watkinson reports

AMERIWEST CRITICAL METALS OPTIONS THE XENO RAR RARE EARTH PROPERTY IN B.C.

Ameriwest Critical Metals Inc. has entered into a definitive agreement regarding the option and potential purchase of the Xeno RAR rare earth mineral claims in British Columbia from one arm's-length vendor. The property consists of two mineral claim units totalling 784.31 hectares and is located approximately 140 kilometres east of Dease Lake.

Terms of the transaction include:

• $10,000 to be paid within five business days of the date of the definitive agreement;
• $45,000 to be paid within 45 calendar days of the date of the definitive agreement;
• One million common shares of the company to be issued within two business days of the date on which the Canadian Securities Exchange confirms that it does not object the transaction;
• One million common shares to be issued on or before the first anniversary of the date of the definitive agreement;
• $125,000 in exploration expenditures to be incurred within 18 months of the date of the definitive agreement; and
• That, upon the exercise of the option, the company will grant the optionor a 2-per-cent net smelter return royalty, of which 1 per cent can be purchased at any time by the company for $250,000.

Large earth-bearing carbonate masses, alkalic intrusives and related diatreme breccias outcrop on a mineralized trend where the property is located. Historical sampling in the area has shown potential for rare earth mineralization, including rare earth elements and yttrium. Historic work in the area, going back to the mid-1960s, has included stream sediment sampling, soil and rock chip sampling, and geophysics. Exploration for diamonds was also undertaken.

David Watkinson, president and chief executive officer of Ameriwest, stated: "The acquisition of Xeno RAR is part of Ameriwest's transition from a purely lithium exploration company to a diversified critical metals explorer. The acquisition of Xeno RAR will give the company exposure to rare earths and result in the potential to take advantage of government and other sources of funding focused on critical minerals."

The transaction is subject to regulatory approval.

Qualified person statement

David Watkinson, PEng, a non-independent qualified person under National Instrument 43-101, has reviewed and approved the technical content of 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 acquiring strategic critical mineral projects for exploration and resource development. The company is advancing its Thompson Valley lithium clay property in Arizona, 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. The company is also in the process of acquiring the Bornite copper property in Oregon.

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