American West Metals Limited announced an expansion of drilling and exploration activities by the company at the Storm Copper Project ON Somerset, Nunavut, Canada. Multi-faceted program planned for 2023 - including drilling, geophysics, and studies for a potential direct shipping ore (DSO) mining operation. Extensive drilling program planned with a focus on: o Resource definition and expansion of the near surface, high-grade copper mineralisation across several prospects o Exploration to follow-up American West Metals major discovery in 2022 of a sediment hosted copper system.

Reverse Circulation (RC) drill rig to join the two diamond drill rigs currently onsite. Surface geophysics are planned to commence during March at Storm and at the underexplored Blizzard, Tornado and Tempest Prospect areas. Permitting roadmap underway for the potential direct shipping ore ("DSO") mine development with baseline environmental survey to begin during Second Quarter 2023.

The footprint of near-surface, high-grade copper mineralisation at Storm has been defined over an area of approximately 400,000m2, with an average thickness of mineralisation of 24m @ 2.15% Cu (weighted average grade from 32 drill holes). Four main zones of mineralisation have been identified to date. The recent drilling at the 2750N Zone has highlighted the continuity of the copper zones, and the near-surface mineralisation remains a focus for resource drilling due to its high grades, shallow nature and potential to provide a significant resource base for an initial low-cost open-pit mining scenario.

Outside of the 2750N Zone, the areas of immediate interest are the 2200N and 4100N Zones, where thick intervals of copper mineralisation have also been defined over a broad area. The planned drilling is designed to expand and test the continuity of these zones with a view to significantly increase the resource potential of the high-grade copper mineralisation. A Reverse Circulation (RC) drill rig will be used for the first time at the Storm Project during 2023.

The drill rig is capable of drill depths up to 200m, ideally suited to shallow resource definition and will work in parallel with the diamond drill rigs currently onsite. The RC rig is expected to drill until September and has the potential to complete over 10,000m of drilling during the 2023 program. The footprint of near-surface, high-grade copper mineralisation at Storm has been defined over an area of approximately 400,000m2, with an average thickness of mineralisation of 24m @ 2.15% Cu (weighted average grade from 32 drill holes).

Four main zones of mineralisation have been identified to date. The recent drilling at the 2750N Zone has highlighted the continuity of the copper zones, and the near-surface mineralisation remains a focus for resource drilling due to its high grades, shallow nature and potential to provide a significant resource base for an initial low-cost open-pit mining scenario. Outside of the 2750N Zone, the areas of immediate interest are the 2200N and 4100N Zones, where thick intervals of copper mineralisation have also been defined over a broad area.

The planned drilling is designed to expand and test the continuity of these zones with a view to significantly increase the resource potential of the high-grade copper mineralisation. A Reverse Circulation (RC) drill rig will be used for the first time at the Storm Project during 2023. The drill rig is capable of drill depths up to 200m, ideally suited to shallow resource definition and will work in parallel with the diamond drill rigs currently onsite.

The RC rig is expected to drill until September and has the potential to complete over 10,000m of drilling during the 2023 program.