Cleansing Notice

American West Metals Limited (American West Metals or the Company) (ASX: AW1 | OTCQB: AWMLF) has today issued 13,697,832 listed options exercisable into fully paid ordinary shares at $0.20 each on or before 20 September 2024(“Listed Options”) to various institutional, sophisticated and professional investors pursuant to completion of the placement announced to the market on 1 November 2022.

The 13,697,832 Listed Options have been issued in accordance with shareholder approval received on 14 December 2022.

The Listed Options are part of a class of securities quoted on the Australian Securities Exchange Limited (“ASX”) under code ‘AW1O’ and will rank equally with existing listed options on issue in that class.

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Act”) that:

(a)the Listed Options were issued without disclosure to the investors under Part 6D.2 of the Act;
(b)as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
(c)as at the date of this notice the Company has complied with section 674 of the Act; and
(d)as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in Section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Approved for release by the Board of American West Metals Limited.

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