STONY CALDERA PROPERTY

Stony Caldera Project

The Stony Caldera project is contiguous with the Paradise lake project and cover approximately 15 km. of the regional scale structure that hosts the Valentine Lake and Moosehead gold deposits that extends from the Pistol Lake area to the Paradise Lake project. On April 19, 2021, the Company executed an option agreement from Tenacity Gold Mining Company to earn a 100% in five gold exploration licenses, referred to as the Stony Caldera property. To earn the 100% interest, Aurwest must make cash payments totalling $400,000, issue 4.25 million Units and incur a total of $1.6 million in exploration expenses on the property (See News Release dated April 19, 2021). The Company agrees to reimburse prior expenditures of $125,000 and issued 250,000 units on closing and a further $275,000 and 3.75 million units over the next four years. Each unit consists of one common share and one-half warrant exercisable for a period of three years from the date of issuance at an exercise price equal to 50% premium to the 20 day VWAP (volume weighted average price) of the common share on the Canadian Stock Exchange on the day prior to the date of issuance. The project is also subject to a 3% Net Smelter Royalty which the Company may buyback 1% for $1,000,000 within six months of a positive feasibility study. The Stony Caldera property is located within the Exploits Subzone of the Dunnage tectonic zone underlain by Ordovician and Silurian sediments of the Botwood Group, the Badger Group that are overlain by the volcanic units assigned to the Stoney Lake Volcanic suite. Historical Exploration In 2019, an airborne geophysical survey over the Stony Caldera project covered approximately 3,900-line km (379 km2) and defined the interpreted extension of the Cape Ray-Valentine Lake structural trend, through the property as well as the structural edge and numerous internal structures within the Caldera. Based on the alteration and pyrite/arsenopyrite mineralization; the property is interpreted to have potential to host both orogenic and epithermal style gold deposits. In 1989 Battle Mountain Gold Ltd. explored a portion of the Project area for epithermal gold-silver mineralization using their Pajingo gold mine/deposit in Australia as an exploration model. This work included till sampling and limited prospecting over some 30 km2 (_12%) of the volcanics. Results of this work is summarized below: AURWEST RESOURCES CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the three months ended March 31, 2021 (expressed in Canadian dollars) Unaudited – Prepared by Management 7  95 till samples collected on eight lines spaced 1,000 m apart and 4,000 m long with tills collected at ~500 m apart: 38 samples assayed from 5 to 535 ppb gold (the samples were only analyzed for gold).  7 till samples contained visible gold grains (gold grain counts were not reported).  215 rock samples collected: 12 rocks with greater than 10 ppb gold up to a maximum of 275 ppb gold.  21 rocks yielded greater than 100 parts per million ("ppm") Arsenic ("As"), 8 rocks returning between 600 ppm and 6,350 ppm As.  11 rocks contained between 10 ppm and 25 ppm Antimony ("Sb"). The Battle Mountain program outlined large areas of finely disseminated pyrite-arsenopyrite associated with weak to moderate sericitization in flow-banded to brecciated, grey to pale green aphanitic, rhyolites. Till sampling in this area identified two weakly anomalous dispersal trains, with associated elevated concentrations of gold pathfinder elements (arsenic, antimony, and base metals). Prospecting discovered one occurrence of quartz stockwork veining in dark green siltstone, that assayed 220 ppb gold. In 1987, a government lake sediment survey within the Caldera area collected 99 lake bottom sediment samples with 6 samples yielding greater than 2 parts per billion (“ppb”) gold and 1 sample greater than 5 ppb gold generated significant interests in the area. In 1988, government till sampling program in the area collected 46 till samples with 14 samples greater than 3 ppb gold, 8 till samples greater than 5 ppb gold and 2 samples yielding 29 ppb and 56 ppb gold.