Ameriwest Optimizes Exploration Portfolio

AMERIWEST OPTIMIZES EXPLORATION PORTFOLIO

Vancouver, BC – September 6, 2024: Ameriwest Lithium Inc. (the “Company” or “Ameriwest”) (CSE:

AWLI) (OTC: AWLIF) (FSE: 5HV0) announces that the Company has taken steps to optimize its

exploration property portfolio in response to low lithium prices, poor equity markets for lithium explorers

and the for junior mining sector in general, and due the Bureau of Land Management (the “BLM”) raising

claim maintenance fees from US$165 per claim to US$200 per claim, a 21.2% increase, for the 2025

assessment year (see BLM press release dated June 28, 2024 for additional details).

David Watkinson, President and CEO of Ameriwest, stated, “Management has made the decision to reduce

our land holdings and associated costs to focus on our Thompson Valley Property, A Z, which we believe

holds the Company’s best exploration target. In addition, as announced by press release on September 4,

2024, we have signed a l etter of i ntent to option our Railroad Valley Property, N V, a lithium brine

exploration property, to Pure Energy Minerals Limited ( TSXV: PE) (“Pure Energy”). Pure Energy can

earn up to an 85% interest in the property by completing US$1.7 million in cash and share payments and

US$3.5 million in exploration expenditures over a six-year period. We have retained ten strategic lithium

clay/brine exploration claims in Clayton Valley , at our Deer Musk East Property , adjacent to Spearmint

Resources Inc. ’s McGee L ithium Property ( CSE: SPMT) , which hosts a lithium carbonate mineral

resource.”

The Company’s Thompson Valley Property is located 120 miles north of Phoenix, AZ. It is a surface clay

deposit in an area known as the White Hills where lithium was identified in sampling by the United States

Geological Survey (USGS) in the 1960’s. Ameriwest’s claims cover a sequence of volcanic sedimentary

rocks including layers of ash and clays, including silicic horizons. The Company conducted surface

sampling of the property and assay results from 205 surface grab samples showed lithium conte nts up to

1,295 ppm Li (see Ameriwest’s December 12, 2022 press release for details). From this sampling, six main

target areas have been identified and a Geological Plan of Operations (GFOP) has been obtained from the

Arizona State Land Department (ASLD) to allow a drilling program, subject to financing and completing

minor permit requirements. The Company is in the process of reducing the number of Mineral Exploration

Permits with the ASLD at Thompson Valley from 17 to 13 based on the geological information from its

exploration work to date.

Going forward, the Company’s properties will consist of:

• Thompson Valley, AZ - 33 Federal mineral claims and 13 State mineral exploration permits totaling

6,900 acres (2,800 hectares).

• Railroad Valley, NV - 563 mineral claims totaling 11,200 acres (4,500 hectares)

• Deer Musk East, NV - 10 federal mineral claims totaling 200 acres in Clayton Valley, NV.

The Company allowed its other claims in Nevada to expire without renewal on September 3, 2024 and

plans to focus its exploration efforts on the Thompson Valley Property for the foreseeable future. Subject

to successful ly completing a definitive o ption agreement with Pure Energy, Pure Energy will conduct

exploration activity at the Railroad Valley Property for the next six years at no cost to Ameriwest.

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The vicinity of Ameriwest’s properties to adjacent properties does not guarantee exploration success and

no mineral resources or reserves have yet been identified on the Company’s properties.

Qualified Person Statement

David Watkinson, P.Eng. a non-independent qualified person under the NI 43-101 Instrument, has reviewed

and approved the technical content of this news release. Mr. Watkinson is the President and CEO of

Ameriwest.

About Ameriwest Lithium Inc.

Ameriwest is a Canadian -based exploration company focused on identifying strategic lithium mineral

projects for exploration and resource development. The Company is currently focused on exploring its

Thompson Valley Property, AZ, a lithium clay property. Thompson Valley consists of 1 3 mineral

exploration permits with the Arizona State Land Department and 33 mineral claims with the Bureau of

Land Management, totalling about 6,900 acres ( 2,800 hectares). A NI 43- 101 Technical Report entitled

Thompson Valley Lithium Project Exploration Target, Yavapai County, Arizona, with release date January

31, 2023, and effective date January 17, 2023, can be found under Ameriwest’s corporate filings on

www.sedarplus.ca. The Company also owns the 11,200-acre (4,500 hectare) Railroad Valley Property,

NV, and holds 10 strategic mineral claims adjacent to Spearmint Resource s Inc.’s McGee Property in

Clayton Valley, NV.

On Behalf of the Board of Directors

David Watkinson, P.Eng.

Chief Executive Officer

For further information, please contact:

Ameriwest Lithium Inc.

Investor Relations

416 918-6785

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced

herein and has neither approved nor disapproved the contents of this news release.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information . Forward‐looking information is

often, but not always, identified by the use of words such as “ anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”,

“should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors

that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The

Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory

decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the

Company’s strategic growth plan s, and other factors, many of which are beyond the control of the Company. The Company

believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these

expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking

information contained in this news release represents the Company ’s expectations as of the date hereof and is subject to change

after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether

as a result of new information, future events or otherwise, except as required by applicable securities legislation.