Deer Musk East Lithium Project, Clayton Valley, Nevada

CLAYTON VALLEY, NEVADA

DEER MUSK EAST LITHIUM PROJECT

CLAYTON VALLEY, NEVADA

VIEW NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT FOR DEER MUSK EAST LITHIUM PROJECT

Overview

In recent years Clayton Valley has become a hot-spot for lithium exploration as several companies have exhibited exploration success:

Albemarle’s (NYSE: ALB) Silver Peak is North America’s only producing lithium mine and is located in Clayton Valley. Ameriwest’s property is located 5 miles east of Silverpeak.
Cypress Development Corp. (TSX-V: CYP) recently completed a prefeasibility study with significant established resource estimate
Noram Ventures Inc. (TSX-V: NRM) have announced a resource of 300 million tonnes of >900 ppm Li. The current drilling program is on track to more than double that resource.
Pure Energy minerals (TSX-V: PE) recently entered into an agreement for lithium brine production.

Ameriwest Lithium believes that its Deer Musk East project sits within the same structural basin as it’s neighbors.

REGIONAL PROPERTY HOLDERS	MARKET CAP. *
Ameriwest Lithium	$ 18.962M
Albemarle	$ 17.060B
Pure Energy	$ 51.659M
Cypress Developments	$124.682M

* As of April 2021

Location

A highly promising early-stage lithium property located in Nevada’s Clayton Valley. A closed basin playa surrounded by mountains, the Clayton Valley playa floor is approximately 40 square miles (100 square kilometers).

Deer Musk East consists of 283 claims spanning a total of 5,618 acres
Located approximately five miles from Albemarle’s Silver Peak lithium project
Directly adjacent to Pure Energy’s lithium asset
Northern section of the Deer Musk project, is located near the planned open pit section of Cypress and also near the current drill sites for Noram Ventures
Eastern side of the claim remains under-explored and could potentially host lithium rich clay stones and mudstones
The Deer Musk claims are in a good strategic position to potentially host two types of lithium mineralization: Lithium brine, Lithium-rich mudstones and claystones

GEOLOGY

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CLAYTON VALLEY, NEVADA