A.I.S. Resources Appoints Phillip Thomas COO, as New President and CEO

Vancouver, British Columbia – August 23, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce the appointment of Phillip Thomas, COO as the new President and CEO of the Company.

Phillip Thomas has functioned as the Company’s COO and director of exploration since October 31, 2016. He has been a key driver of the acquisition and exploration of AIS’s Argentinian lithium properties.

Phillip has degrees in Geology and Business Marketing and is a certified mineral valuer. He specializes in lithium brine projects and has deep experience in finance and capital raising, and management of mining companies, having established a number of significant exploration projects in Mexico, USA, Chile, Argentina, Arizona and Australia. From 2003 to 2008 he was CEO of Admiralty Resources, and explored the Rincon Salar in Argentina, and put it into production. He is a member of the Australian Institute of Geoscientists and a Certified Mineral Valuer with the Australasian Institute of Mineral Valuers and Appraisers.

Mr. Thomas stated, “I am excited to take on the role of CEO as we continue to grow AIS’s portfolio of lithium assets in Argentina.” 

In conjunction with this appointment, Mr. Marc Enright-Morin has resigned as President, CEO and Director of the Company. The Company wishes to thank Mr. Enright-Morin for his service and wishes him the best in his future endeavours..

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals, who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop early-stage projects worldwide, that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused exclusively on the exploration and development of lithium brine projects in northern Argentina. It is currently exploring the Guayatayoc and Salinas Grandes salars.

On Behalf of the Board of Directors,
AIS Resources Ltd.
Martyn Element, Chairman

Corporate Contact
Martyn Element
Chairman
T: 604-687-6820
E: melement@aisresources.com

Phillip Thomas
President & CEO
T: 011 61 3 9943 2374
E: pthomas@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.