Oakley Ventures Inc.: Oakley Ventures Announces the Acquisition of a Lithium Property in Clayton Valley, Nevada, and a Proposed Name Change and Private Placement Consequent Thereon Company" or " Oakley") is pleased to announce the acquisition of a highly promising early stage lithium property located in Nevada's Clayton Valley. Known as the Deer Musk East, the property consists of 275 claims spanning a total of 5,500 acres and is located approximately five miles from Albemarle's Silver Peak Lithium Project. Silver Peak is currently the only producing lithium mine in North America. The claims were staked on behalf of the Company's wholly owned Nevada subsidiary, Oakley Ventures USA Corp., which was recently established for the purpose of holding title to the claims. In connection with the acquisition of Deer Musk East and the Company's intention to concentrate on the exploration and potential development of the property, Oakley intends to complete a name change to Ameriwest Lithium Corporation in order to better reflect the Company's operational focus.