Oakley Ventures Announces NAME Change to Ameriwest Lithium Inc. and a Change IN Executive Officers
LEGAL_36035384.1
OAKLEY VENTURES INC.
OAKLEY VENTURES ANNOUNCES NAME CHANGE TO AMERIWEST LITHIUM INC. (“ALI”)
AND A CHANGE IN EXECUTIVE OFFICERS
Vancouver, BC – April 8, 2021: Oakley Ventures Inc. (the “Company” or “Oakley”) (CSE: OAKY)
provides the following corporate updates.
Name change
The Company is pleased to announce that, effective on April 9, 2021, the Company’s name will change
from “Oakley Ventures Inc.” to “Ameriwest Lithium Inc.” The Company’s common shares will begin trading
on the CSE on April 9, 2021 under the new name and the trading symbol for the Company will change from
“OAKY” to “ALI”. The new CUSIP will be 03078L104 and the new ISIN num ber will be CA03078L1040.
The share capital of the Company remains unchanged.
Executive Officer changes
In conjunction with the Company’s recently announced acquisition of a highly promising early stage lithium
property located in Nevada’s Clayton Valley; known as the Deer Musk East; the Company is also pleased
to announce that David Watkinson, a current dire ctor, has now been appointed the Company’s Chief
Executive Officer, who will now oversee the exploration activities for the Company going forward.
David Watkinson brings over 35 years of experienc e in the mining industry to the Company, which
experience includes underground and open pit mine development, including mine permitting, engineering,
feasibility, construction and operations. During his career, Mr. Wa tkinson has taken projects from grass
roots start-up to successful operating status, and has been responsible for managing large capital projects
and operations in Canada, the United States and the Ph ilippines. Mr. Watkinson has held progressively
senior positions with Placer Dome Inc., Kinross Gold Corporation, Thyssen Mining Construction and Vulcan
Materials Company. He holds a B.Sc. in Applied Science, Mining Engineering, from Queen’s University in
Kingston, Ontario (1985), and is a Registered Professi onal Engineer in the Province of Ontario. Mr.
Watkinson is currently the President and CEO of Emgold Mining Corporation (TSX-V: EMR).
In this respect Glenn Collick, also a current director, has now been appointed Chief Operating Officer of the
Company, who will now oversee the regulatory filings for the Company going forward.
About Oakley Ventures Inc.
Oakley Ventures Inc. is a junior Canadian-based mining company with a focus on identifying and evaluating
mineral resource projects for furt her exploration and future development, if warranted. The Company is
currently focused on exploring the ESN Project locate d in White Pine County, Nevada, which Oakley has
the sole and exclusive option to acquire, and the Koster Dam property located in the Clinton Mining Division
of British Columbia, in which Oakley has a 45% interest.
On Behalf of the Board of Directors
Glenn Collick
Chief Operating Officer, Director
For further information, please contact:
Glenn Collick
Chief Executive Officer, Director
(778) 868-2226
LEGAL_36035384.1
The Canadian Securities Exchange has not in any way passed upon the merits of the matters and
Private Placement 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 “antici pate”, “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 econom ic conditions, changes to the Company’s strategic growth plans,
and other factors, many of which are beyond the control of the Co mpany. The Company believes that the expectations reflected in
the forward-looking information are reasonabl e, but no assurance can be given that thes e expectations will prov e 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.
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