Mr. David Watkinson reports

AMERIWEST ANNOUNCES $500,000 PRIVATE PLACEMENT AT $0.26 PER SHARE AND ENTERS INTO AGREEMENT TO SELL XENO RARE EARTH PROPERTY

Ameriwest Critical Metals Inc. intends to complete a non-brokered private placement for gross proceeds of up to $500,000 consisting of approximately 1,923,077 common shares of the company at a price of 26 cents per share. No warrants or finders' fees are associated with the private placement.

The private placement is subject to certain conditions, including, but not limited to, approval of the Canadian Securities Exchange. All of the shares to be issued pursuant to the private placement will be subject to a statutory hold period of four months plus one day pursuant to applicable securities laws.

Additionally, the company is pleased to announce that it has entered into a property purchase agreement with an arm's-length individual, pursuant to which the company has agreed to sell its 100-per-cent interest in the Xeno rare earth property in British Columbia for cash consideration of $100,000. Xeno consists of two mineral claim units totalling approximately 784.31 hectares and is located approximately 140 kilometres east of Dease Lake. The Xeno transaction is subject to regulatory approval and no finder's fee is payable in connection with the sale.

The company intends to use the proceeds of the private placement and the Xeno transaction to advance exploration and permitting activities at its Bornite project in Oregon and for general working capital and corporate purposes. Bornite is a high-grade underground copper, gold and silver deposit.

David Watkinson, chief executive officer of Ameriwest, commented: "The Xeno transaction and the private placement strengthen Ameriwest's treasury as we continue advancing the company's core asset, the Bornite project. We remain focused on deploying capital in a disciplined manner and directing our resources toward the opportunities that we believe can have the greatest impact for the company."

The closing of both the Xeno transaction and the private placement is expected to occur in the coming days.

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 currently advancing its Bornite copper-gold-silver property in Oregon and its Thompson Valley lithium clay property in Arizona. Ameriwest also owns a lithium clay property in Clayton Valley, Nevada, and has entered a non-binding letter of intent with Pure Energy Minerals Ltd. for the proposed sale of its Railroad Valley lithium brine property in Nevada.

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