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A.I.S. Resources Limited Announces Option Grant

Vancouver, British Columbia – August 17, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that effective August 9, 2018 it has granted 126,667 stock options to a consultant of the Company pursuant to the Company’s Stock Option Plan.  The options vest immediately, have an exercise price of $0.15 per share and an expiry date of August 9, 2023. Effective August 17, 2018 AIS has granted an additional 1,000,000 stock options to directors, officers and consultants of the Company pursuant to the Company’s Stock Option Plan.  The options vest immediately, have an exercise price of $0.13 per share and an expiry date of August 17, 2023.

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.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.

MGX Minerals Completes TDEM Geophysical Survey at Salinitas Lithium Project – Salinas Grande Salar, Argentina

A.I.S. Resources Completes Geophysics at Salinitas, Salta, Argentina

Vancouver, British Columbia – August 13, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce completion of the previously announced Time Domain Electromagnetic (TDEM) survey at the Salinitas lithium brine project (the “Project”) located in the Salinas Grande Salar in northwest Argentina. The TDEM geophysical survey was conducted across 52 stations at 500 meter spacings totaling approximately 26 kilometers. Data compilation is underway and interpretation is expected to begin shortly. Based on interpretation of the TDEM data, the Company is now preparing to carry out trenching as well as an auger drilling program to test for shallow, near surface brines that contain anomalous concentrations of lithium and other elements correlated with geophysics in preparation for definition of drill targets.  The work is being supervised by Phillip Thomas Director of Exploration.

About the Salinitas Lithium Brine Project
The Salinitas tenements are located in the lithium triangle at the Salar de Salinas Grandes, in the Province of Salta. The 4,308 hectare land package resides in the Puna region of northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-rich brine resources. AIS has partnered with MGX Minerals (CSE: XMG) on the Project who is currently earning an undivided 80% interest by incurring total exploration expenditures of at least US$1.2 million by May 31, 2020 and by making payments totaling US$3.2 million which are primarily due at that time.

Figure 1. TDEM Stations at Salinitas Brine Project

 

Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a qualified person as defined under National Instrument 43-101 regulations, has reviewed the technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the company as he is an officer and shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V 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.

On Behalf of the Board of Directors,
AIS Resources Ltd.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.

MGX Minerals Announces TDEM Geophysical Survey at AIS Resources’ Salinitas Lithium Project, Salinas Grande Salar Argentina

A.I.S. Resources Acquisition of Salinitas Lithium Brine Project at Salinas Grande Salar, Argentina

Vancouver, British Columbia – July 25, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that the Company has entered into an option agreement to acquire five lithium brine mining tenements in the Salinas Grandes Salar, Salta province Argentina (“Salitinas” or “the Project”). The 4,308 hectare land package resides in the Puna region of northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-rich brine resources. The surface elevation of the Salinas Grandes salar is approximately 3,400 metres above sea level.

Figure 1. General Location Map of Argentina’s Puna
AIS-Resources-General-Location-Map-of-Argentina’s-Puna

Figure 2. Location Map of Concessions in the Salar De Salinas Grandes
AIS-Resources-Location-Map-of-Concessions-in-the-Salar-De-Salinas-Grandes

Under the terms of the Option Agreement AIS has agreed to incur total expenditures of at least US$1.2 million prior to June 13, 2020. The Company can acquire an undivided 100% in the Project at any time during the Agreement by making payments totaling US$4 million. To secure the Option Agreement, AIS has agreed to pay US$250,000.

AIS has granted to MGX Minerals Inc. (MGX) an Option to acquire an 80% interest in the Project. To secure the Option, MGX has agreed to pay US$250,000 on or before July 31,2018. MGX can acquire an undivided 80% in the Project at any time during the Agreement by making payments totaling US$3.2 million. MGX has also agreed to incur total expenditures of at least US$1.2 million prior to May 31, 2020.

AIS plans in partnership with MGX to conduct a Transient Electromagnetic Method (TEM) geophysical study along with trenching, which will be followed by a drill program along the edge of the salar, to test for shallow, near surface brines and determine locations with anomalous concentrations of lithium.

Martyn Element Chairman of AIS stated. “We look forward to beginning a productive partnership with MGX in Argentina.”

Qualified Person
Phillip Thomas, BSc, Geol, MBusM, MAIG, MAIMVA, (CMV), a qualified person as defined under National Instrument 43-101 regulations, has reviewed the technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is an officer and shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V 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.

On Behalf of the Board of Directors,

AIS Resources Ltd.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.

A.I.S. Resources Announces a Successful UGAMP Meeting

Vancouver, British Columbia – July 13, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to advise shareholders that the UGAMP meeting of the Provincial Mining Environmental Management Unit was convened on July 5, 2018 to review the Company’s exploration plans for the Guayatayoc project. The meeting went very well with no objections to AIS’s exploration activities being raised. A 30-day consultation period is now in effect, during which time further information may be re-quested by the three communities affected. One of the communities Quebraleña, has already signed an assembly document regarding AIS’s planned exploration work program. Marc Morin CEO stated. “The Secretary for the Department of Mines along with his officers were very supportive of our project. He asked AIS to follow up with his department in the next 10 days to get an update on the status of the issue of the drilling permit.” AIS has a drilling company on standby in anticipation of receipt of its drilling permit. The Com-pany intends to complete its seismic analysis, drill six holes to a depth of 350 meters each to test targets at its Guayatayoc concessions. Initially roads will be constructed, then drill pads and four 10,000 litre water tanks.

About Guayatayoc Property
AIS has an option over 5,225 ha in the Guayatayoc Salar which hosts favourable geology for lith-ium and was previously mined for boron, which is closely associated with lithium deposition. The salar is adjacent to the Salinas Grades salar and is situated 46km from the main sealed highway. The Company’s January 2017 sampling program sampled two trenches where values of 920 ppm and 270 ppm of Li with Mg to Li Ratios of 1:1 (Refer to February 1, 2017 News Re-lease) were discovered. Thirty five pits were also sampled with encouraging results (refer to February 22, 2017 News Release). Magnesium to lithium ratios were less than 4 to 1, which is excellent for low cost processing. The Company has produced 22 kilograms of samples to date. The AIS team met with Dr. R L Steinmetz PhD and representatives from the National Scientific and Technical Research Council (CONICET) who was able to provide valuable seismic, stratigra-phy and other geological evidence to support the Company’s exploration program. Dr. Steinmetz published her PhD thesis on the Guayatayoc basin in 2013 (Refer to the Company’s 43-101 report for details). AIS may purchase 100% of the Guayatayoc Property by paying $4.5million USD by October 11, 2018.

Representatives of the following groups attended the UGAMP meeting:

Secretaria de Gestión Ambiental. Secretary of Environmental Management
Secretaria de Derechos Humanos. Secretary of Human Rights.
Secretaria de Salud Pública. Secretary of Public Health.
Dirección Provincial de Políticas Ambientales y Recursos Naturales. Provincial Directorate of Environmental Policies and Natural Resources.
Dirección de Control Agropecuario. Directorate of Agricultural Control.
Dirección de Industria y Comercio. Directorate of Industry and Commerce.
Dirección de Recursos Hídricos. Directorate of Water Resources
Universidad Nacional de Jujuy (UNJU) National University of Jujuy (UNJU)
Centro de Geólogos. Geologists Center
Asociacion Obrera Minera Argentina (AOMA). Argentina Mining Workers Association (AOMA).
Empresarios Mineros (Camara Minera). Mining Businessmen
Comunidades Indígenas de la zona Proyecto Minero (Quebraleña, San Miguel de Las Colorados and Rincondillas). Indigenous Communities of the Mining Project zone (Quebraleña, San Miguel de Las Colorados and Rincondillas).
Autoridades Municipales de la zona del Proyecto Minero. Municipal Authorities of the Mining Project area
Departamento de Control y Policía Minera quien tendrá a su cargo la coordinación de la UGAMP. Department of Control and Mining Police who will be in charge of the coordination of the UGAMP.
Unidad de Gestión Quebrada de Humahuaca. Quebrada de Humahuaca Management Unit.

Qualified Person
Phillip Thomas, BSc, Geol, MBusM, MAIG, MAIMVA, (CMV), a qualified person as defined under National Instrument 43-101 regulations, has reviewed the technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Thomas is not inde-pendent of the Company as he is an officer and shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals, who have a long track record of success in lithi-um 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.

On Behalf of the Board of Directors,

AIS Resources Ltd.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.

A.I.S. Resources Provides Chiron Drilling Results and Guayatayoc Update

Vancouver, British Columbia – June 12, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has completed two -90 degrees dip HQ diameter, diamond drill holes for a total of 757 metres, and 21 trenches with depths of 4-4.5 metres in its Pocitos concessions at its Chiron project in the eastern area of the Pocitos Salar. Economic cut-off values were set at 250ppm and 8:1 for Mg:Li values. All DDH hole and pit samples failed this test. The exploration team decided not to continue with the drilling program and exploration work. The Company decided not to exercise the property option which was extended by the vendor until receipt of assay results.   Our QP, Phillip Thomas supervised the drill program, sampling and analysis.

Lithium was present in the DDH brine samples taken using a double packer system and were analysed by Alex Stewart Laboratories in Jujuy, Argentina. Two core samples have been sent to GeoSystems Analysis Inc in Tucson, Arizona for specific brine yield measurements, porosity and permeability.

AIS-Resources-Chiron-Drilling-Results-01

Fig 1 – location of trench pits and drill holes in Pocitos One concession.

Our interpretation of the geophysics was accurate with a major aquifer being encountered at 16m within a black sand unit, indicated by a significant drop in resistivity and at depth where a brown clay unit had transitioned into a coarse sandy unit with halite. High resistivity was correlated to solid halite units with almost no porosity. Significant brine flows at very high pressures were encountered at depth in both diamond drill holes with estimated flow rates of 50,000-70,000 litres per minute. In the case of DDH PO2, the brine flowed under its own pressure for approximately 5.25- 5.5 hours.

AIS-Resources-Chiron-Drilling-Results-02

Fig 2 Brine from DDH PO1 • Fig 3 Brine from DDDH 2
Fig 4 Pit with brine (upper right corner) • Fig 5 DDH Core showing Black sand unit at 16M (lower right corner)

The results of the double packer (closed downhole sampling) DDH and pit tests are as follows:

Pocitos One – DDH Hole 1
All Values in ppm (parts per million) 100,000 ppm=10% , -90 degrees dip.
Latitude  24˚ 28’ 40.34”S • Longitude 67˚ 01’ 25.01”W

Sample No Density Li Ca Mg B Na K Sr Strontium Mg:Li Ratio
Accuracy

Mg/L ICP

0.05 0.025 0.05 0.05 0.1 0.2 0.01
PO1 1.211 66 788 1111 89 116571 2375 18.17 16.8:1
PO2 40 1197 22 740 116957 1816 27.37 0.55:1
PO3 59 1010 1237 47 113729 2139 23.41 21.0:1
PO4 66 660 1006 105 117887 2475 16.02 15.2:1
PO5 76 588 1100 131 116127 2630 13.05 14.5:1
PO6 1.213 88 581 1258 145 116147 2846 11.73 14.3:1

Pocitos One – DDH Hole 2
All Values in ppm (parts per million) 100,000 ppm=10%, -90 degrees dip.
Latitude  24˚ 28’ 38.59”S • Longitude 67˚ 01’ 00.82”W

Sample No Li Ca Mg B Na K Sr Strontium Mg:Li Ratio
Accuracy

Mg/L ICP

0.05 0.025 0.05 0.05 0.1 0.2 0.01
PO2-1 39 1229 758 25 115894 1866 27.12 19.4:1
PO2-2 74 1140 1547 62 106605 1600 23.62 20.9
PO2-3 112 1133 2144 88 103995 1568 20.88 19.1:1
PO2-4 126 1067 2521 111 94408 1392 19.23 20.0:1
PO2-5 95 601 1447 123 116064 2468 12.88 15.23

Pits
All Values in ppm (parts per million) 10,000 ppm=1%.
Depth 4.0m-4.5m

Pit No Li Ca Mg B Na K Sr Mg:Li
1 22 692 313 31 55,784 998 13.94 15:1
2 No brine
3 65 307 322 209 121722 3201 5.58 4.95
4 No brine
5 45 267 349 53 119763 1623 5.90 7.75
6 No brine
7 72 494 1131 141 116172 2467 9.79 15.7:1
8 76 484 1170 131 118995 2646 10.06 15.4:1
9 78 572 1207 132 116594 2469 10.08 15.5:1
10 179 310 482 316 116856 6375 10.01 2.69
11 80 179 538 1251 116746 2558 10.03 6.72

Pocitos 7
Pits (All Values in ppm (parts per million) 10,000 ppm=1%)
Lat 24˚ 34’ 11.57”S • Long 67˚ 00’ 50” (Pit 12)

Pit No Li Ca Mg B Na K Sr Mg:Li
12 72 497 1183 168 118450 2514 9.56 16.4:1
13 72 473 1156 163 115698 2460 8.89 16.0:1
14 73 467 1178 159 121693 2457 8.97 16.1:1
15 65 453 1011 112 121450 2305 8.75 15.6:1
16 68 468 1088 139 119398 2413 8.85 16.0:1

Pocitos 9
Pits (All Values in ppm (parts per million) 10,000 ppm=1%)
Lat 24˚ 35’ 52.86” • Long 66˚ 59’ 20.62” (pit 17)

Pit No Li Ca Mg B Na K Sr Mg:Li
17 75 461 1158 148 119869 2587 8.93 15.4:1
18 71 468 1097 126 121774 2612 9.47 15.5:1
19 107 407 1508 143 118643 3629 8.17 14.1:1
20 113 391 1565 143 120195 3815 17.26 13.8:1
21 73 733 480 64 35020 1608 19.53 6.6:1

Interpretation
Both drill holes intersected substantial localized aquifers, however sampling downhole using a double packer tool at 50 metre intervals showed that the lithium values were uneconomic and also the magnesium values were extremely high.  Economic cut-off values were set at 250ppm and 8:1 for Mg:Li values.

The geohydrological work on the surface showed that the lithium values in some of the pits with low Na values increased substantially in Lithium and Sodium values over a 7 day period suggesting that surface water drained through the shallow brown sandy clay and black sand unit that had higher porosity due to the sand content, and more lithium rich brines flowed in that had been trapped in the higher density lower clay units.  The brine density differential wasn’t measured but the low Na and Li values suggest these surface brines were lower density.

Pit 16 and 19
Was sampled within 12 hours of being dug and then again in 7 days.

Pit No Li Ca Mg B Na K Sr
16 1 801 41 3 1806 71 4.71
16 -7 days 71 468 1097 126 121774 2612 9.47
19 1 655 84 17 3861 89 7.55
19 – 7 days 107 407 1508 143 118643 3629 8.17

The black sand unit that occurred about three metres below the surface predominately in the central salar area showed substantial porosity and transmissitivity.  In DDH 1, 10 metres of black sand core was lost from the drill rod  below the 16 metre interval confirming substantial brine presence, but it was low in lithium concentration.  The Pocitos Salar was subjected to substantial rainfalls during December to March 2018 and this impacted surface brine concentration.  The highest lithium pit value was 179ppm in Pit 10 on the eastern most edge of Pocitos 2.    No evaporation studies were undertaken but anecdotal evidence suggests that 3-5cm of water had evaporated over the 30 day drill period.

The geological model adapted from the geophysics survey suggests that brine concentrates to the eastern edge but is stratified by less porous halite and clay units.  A cemented aggregate sand sequence was intersected above the brine aquifer at 320-325m in DDH1.  Other explorers have confirmed this model in that brines sampled in the west had little or no lithium. We took the view that considering the lithology, deeper drilling had a low probability of intersecting higher lithium grades.

AIS-Resources-Chiron-Drilling-Results-03

Fig 6  Black Sand unit • Fig 7 Black sand transitioning to  Halite Unit

Quality Control and Assurance
Alex Stewart International Argentina SA completed the sample analysis using an ICP diagnostic machine.  Three samples were submitted  in a group of six, and every 10 in 20 for quality control.  The variance was 2.5% or less in the lithium analysis, which reflected the variance in brine sampling.  ICP machine variance accuracy was 0.05%.

Pit and DDH Packer Sampling Quality Control
Each bottle was rinsed in brine. A sampling tool was used to ensure that minimum disturbance was created and the clay sediments were not disturbed. A sample was taken and the cap put on the 1 litre bottles with no air present.  The temperature was taken and recorded that was  approximately 6.5˚C.  The bootle was labelled PO1 or PO2 and then sealed with tape.  The QP checked the labelling and recorded it and the site geologist took all the samples to Alex Stewart Laboratories.  They sent a confirmation of the date, time and labels of the samples that were received and that they were still sealed.

Guayatayoc Update
The company has received the date for its UGAMP (La Unidad de Gestión Ambiental Minera Provincial) meeting slated for July 2nd, 2018.  The proposed meeting is for the ratification of our proposed drilling and exploration program at Guayatayoc. The process involves community consultation with government and representatives of AIS.

Once the meeting is complete,  a 30 day period for consultation is required, during which time AIS may be requested to provide further information of its planned work program.  If no objections are made, the permit will be issued.

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI-43-101 regulations, has reviewed the technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is an officer and shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V 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.

On Behalf of the Board of Directors,

AIS Resources Ltd.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.

Resource World Provides Update on South America’s Lithium Triangle

With the impending advent of the widespread use of electric cars, trucks plus the millions of rechargeable consumer electronic devices that utilize lithium ion batteries, it is no wonder that numerous exploration companies have turned their attention to the vast Lithium Triangle in Argentina, Chile and Bolivia. It has been estimated that South America’s Lithium Triangle hosts about 54% of the world’s lithium resources.

Exploring Argentina Lithium & Energy’s 20,500-hectare Arizaro Project in northwest Argentina. Photo courtesy Argentina Lithium & Energy Corp.

Exploring Argentina Lithium & Energy’s 20,500-hectare Arizaro Project in northwest Argentina. Photo courtesy Argentina Lithium & Energy Corp.

Most of the world’s lithium has been produced by an oligopoly of producers – often referred to as the Big Three – Albermarle Corp. [ALB-NYSE], private Sociedad Quimica y Minera de Chile (SQM), and FMC Corp.

There are two sources of lithium – hardrock (the mineral spodumene) and lithium brines that formed in desert climates where there is a slow inflow of lithium and other metals and salts but no outflow. Gradual evaporation over thousands of years slowly increases lithium grades to an economic level.

A recent report by Global Market Insights, Inc. concluded that the global lithium ion battery market is set to surpass US $60 billion by 2024 with a global market of 534,000 tonnes of lithium carbonate by 2025. Some lithium mining operations are already producing the world’s lightest metal from brines. In partnership with Toyota Tsusho Corp. and JEMSE, Orocobre has built and is now operating the world’s first commercial, brine-based lithium operation constructed in approximately 20 years. During 2016, Argentina’s two working mines produced 11,845 tonnes of lithium carbonate, or approximately 6% of global output. For 2017, output is about 17,500 tonnes.

AIS-Reaources-Lithium-Triangle-Map

Map shows Lithium Triangle located in Argentina, Bolivia and Chile.

In Chile, the Salar (Spanish for salt lake) of Atacama, contains about 27% of the world’s lithium reserve base and provides almost 30% of the world’s lithium carbonate supply. Chile is the most advanced country with regards to lithium extraction, followed by Argentina. On the other hand, it is early days for Bolivia. During a recent presentation in Vancouver, Cesar Navarro Miranda, Minister of Mining and metallurgy for Bolivia, told the audience that the mining sector supports 37% of his country’s population. His government is keen to attract foreign exploration and mining companies by offering various incentives as well as political and economic stability.

Argentina, which already produces about 12% of the world’s lithium, is also keen to attract international mineral explorers. At a recent presentation in Vancouver, Ing. Mario Osvaldo Cappello, Undersecretary of Mining Development and Mining Secretariat for the Argentina Ministry of Energy and Mining, said, “Since February 2016, when President Mauricio Macri took power, export taxes on minerals have been eliminated. There’s a unified currency exchange with a streamlined process. The import of equipment for parts and mining are non-taxed and we also have a free flow of currency. In December 2017, Congress enacted two new laws, so all the investments for the construction of a project will have the VAT refund after six months.”

Capello added, “Up to this year, corporate income tax was 35% and there was no rate for dividends. So this year, the corporate income tax rate is 30% and dividends 7% and, as of 2020, that will change to 25% and 13% for dividends when reinvesting in the country.”

Joseph Grosso, a director of Argentina Lithium & Energy, and an officer of Golden Arrow Resources and Blue Sky Uranium, all with projects in Argentina, has been active in the country since 1993. In addition, to being part of a team that made mineral discoveries, he has been a pioneer in developing the Argentine mining industry.

There is a major question that haunts lithium explorers, miners and lithium stock investors. While increasing demand has boosted lithium prices from US $350 to $3,000 per ton in the past five years, there is uncertainty as to how quickly and how much the electric vehicle market will require.

With so many lithium explorers out there seeking economic deposits, plus lithium producers ramping up production, there is no doubt there will be a great deal of lithium supply available. Will that result in an oversupply that will drive lithium prices down? A recent Morgan Stanley report thinks so.

AIS-Reaources-Lithium-Triangle-Photo

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On the other hand, major auto manufacturers such as Volvo, Volkswagen and the China’s BYD are betting on mass acceptance of electric vehicles, each with their 30 kilograms of battery lithium, as vehicle prices come down and range anxiety issues are solved. Here is a pertinent question: if the Tesla Semi electric truck is successful, and other sizes of electric trucks are successful too, could this lead to tremendous worldwide sales of trucks? For example, there are some 15.2 million trucks in the US alone with 2 million of them being Semis. Translate that to the rest of the world and the numbers are huge. So what will lithium demand be as well as the demand for the other battery minerals such as cobalt, manganese, copper and graphite?

Below are details on companies active in South American Lithium Triangle.

AIS Resources Ltd. [AIS-TSXV; AISSF-OTCQB]
AIS reported seismic testing has detected three distinct aquifers over a broad area at its Chiron Project in the Pocitos Salar, Salta Province, Argentina. AIS has also completed the mass balance chemistry and process engineering that will be used to determine the raw materials used to purify the lithium brines from its Guayatayoc Project. The data will be used in the design, engineering, and construction of an 810,000 tonne lithium carbonate plant. The analysis used fractional crystallization and ion exchange resins to purify the lithium carbonate to higher than 99.5% lithium carbonate. The work was conducted in Salta and will be replicated at Guayatayoc to ensure that the reduction in air pressure has no material impact.

Advantage Lithium Corp. [AAL-TSXV; AVLIF-OTCQX] has received encouraging assays from its 75% owned Cauchari Project in Jujuy Province, north-west Argentina, about 20 km south of Orocobre’s flagship Olaroz lithium facility. At a brine flow rate of 19 litres/second, there was 515 milligrams/litre lithium and 4,577 milligrams/litre potassium in hole CAU11 in the SE sector.

David Sidoo, President and CEO, said, “This excellent flow rate and lithium grade in hole CAU11 confirms the potential of the SE sector, with the drilling program continuing to provide additional information on the salar geology and brine both laterally and at depth.” The company has 100% interests in five other projects in Argentina.

Alba Minerals Ltd. [AA-TSXV; AXVEF-OTC] is exploring its 2,421 hectare Quiron II property in the Pocitos Salar, Salta Province, Argentina. The company identified a probable lithium brine aquifer at the road accessible Quiron II property through interpretation of a Vertical Electrical Sounding (VES) survey. Alba has an option to earn a 100% interest in the 2,843 hectare Chascha Norte Project in the southeastern part of the Salar de Arizaro, Argentina, the largest yet unknown Salar in this district.

Argentina Lithium & Energy Corp. [LIT-TSXV; PNXLF-OTCQB; OAY1-FSE] has an option to earn a 100% interest in the 20,500 hectare Arizaro Project in northwest Argentina. The road accessible project is near power and rail. Geochemical, electrical surveys and three test holes have been completed. The company has a 100% interest in the Incahuasi Project in Catamarca Province, Argentina with another 10,000 hectares under application. These projects are being prepared for drilling programs.

AIS-Reaources-Lithium-Triangle-Catherine-Hickson

Dr. Catherine Hickson, P.Geo, COO of Dajin Resources Corp., inspecting a weir box during an active flow test of a well at LSC Lithium’s Pozuelos Project in the Puna region, Salta province, northwest Argentina, where LSC has a NI 43-101 compliant resource of 1.3 million tonnes measured and indicated LCE (Li2CO3) plus an additional 0.5 million tonnes inferred LCE. Photo courtesy Dajin Resources Corp

Dajin Resources Corp. [DJI-TSXV; DJIFF-OTC; A1XF20-FSE] has a strategic partnership with LSC Lithium Corp. in Argentina and has over 93,000 hectares of land holdings. Under the agreement, LSC Lithium has access Enirgi Group’s state-of-the art Direct Xtraction Process (DXP) technology for lithium brines The Enirgi Group has a demonstration plant at Salar del Rincon, Argentina that produces lithium carbonate. Surface sampling on the Salinas Grandes LSC/Dajin JV property of San Jose/Navidad has been completed. Surface pit sampling was conducted as part of the first phase of exploration. High grades were confirmed with concentrations ranging from 281 milligrams per litre (mg/L) to 1,353 mg/L lithium, averaging 591 mg/L. A total of 60% of assays were over 500 mg/L lithium and 8% over 1,000 mg/L.

FMC Corp. [FMC-NYSE] reported that its lithium segment earnings were US $44 million for Q4 2017, up 107% versus Q4 2016. The company produces lithium from the Salar de Hombre Muerto salt flat in northern Argentina.

Galaxy Resources Ltd. [GALXF-OTC; GXY-ASX] is advancing the Sal de Vida (Salt of Life) deposit in northwest Argentina, one of the world’s largest and highest quality undeveloped lithium brine deposits with significant expansion potential. In April 2013, Galaxy released a Definitive Feasibility Study which supports a low cost, long life lithium and potash operation. The study estimated a pre-tax Net Present Value of US $645 million (US $380 million post-tax) at 10% discount rate. Sal de Vida has the potential to generate total annual revenues in the region of US $215 million and operating cash flow before interest and tax of US $118 million per annum at full production rates.

International Lithium Corp. [ILC-TSXV; ILHMF-OTC] and JV partner, Mariana Lithium Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd., announced a 2018 budget for continued work at the Mariana lithium brine project in Salta, Argentina. Highlights of the US $17 million budget include continued natural evaporation studies; membrane separation studies; aquifer characterization studies; Preliminary Economic Assessment; and Pre-Feasibility Studies.

Lithium Chile Inc. [LITH-TSXV] has identified a 60+ km2 lithium brine target area at its Helados Project in Chile. The openended, low resistivity zone was discovered by transient electromagnetic surveys within the northwest-trending axis of the Salar Tara Laguna Helada basin. This area displays the same characteristics as the lithium-rich principal aquifers at Salar de Atacama, home to the world’s largest and highest-grade lithium brine mine. The company is preparing for an ini-tial drill program.

LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB] is earning a 60% interest in the 160 hectare Purickuta Project and is one of a few “exploitation concessions” granted within the Salar de Atacama, Chile. The property is contained within an existing exploitation concession owned by SQM, and is approximately 3 km north of the exploitation concession of CORFO (the Chilean Economic Development Agency). About 22 km southeast of Purickuta, both SQM and Albemarle have large-scale production facilities within the CORFO concession which collectively produce over 62,000 tonnes of lithium carbonate equivalent annually and accounts for 100% of Chile’s current lithium output.

Lithium Americas Corp. [LAC-TSX, NYSE; LACDF-OTCQX] has a 50/50 JV (Minera Exar) with SQM to develop the Caucharí-Olaroz lithium project in Jujuy, Argentina. The Cauchari-Olaroz pond layout and design have been completed with the pond contractor mobilized at site and production pond construction scheduled to start shortly. Minera Exar has reviewed the development schedule for Cauchari-Olaroz and expects first production to begin in 2020.

Lithium Energi Exploration Inc. [LEXI-TSXV; LXENF-OTC] recently acquired three Argentine corporations, Lithium Energi Argentina, S.A., Antofalla North, S.A., and Antofalla South, S.A., which together hold a portfolio of projects encompassing over 128,000 hectares of lithium brine concessions in Catamarca Province in the heart of the Lithium Triangle, spe-cifically Laguna Caro, Antofalla North and Antofallo South.

Lithium X Energy Corp. has completed a merger with NextView New Energy Lion Hong Kong Ltd. whereby all of the issued and outstanding common shares and warrants of Lithium X were acquired by NextView’s wholly-owned British Columbia subsidiary, NNEL Holding Corp. The company’s 100% owned flagship project is the Sal de Los Angeles lithium brine project, Salta, Argentina. The project comprises about 8,748 hectares of Salar de Diablillos and has a NI 43-101 indicated resource estimate of 1,037,000 tonnes of lithium carbonate equivalent and 1,007,000 tonnes of lithium carbonate equivalent inferred.

LSC Lithium Corp. [LSC-TSXV; LSSCF-OTC] has filed a Technical Report on the Salar de Pozuelos Project, Salta Province, Argentina. The NI 43-101 resource estimate includes 1,296,000 tonnes of lithium carbonate equivalent in the measured and indicated resource category and 497,000 tonnes inferred.

The company has a land package portfolio totaling approximately 300,000 hectares that includes the following projects: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes, and Jama. Also, see Dajin.

Millennial Lithium Corp. [ML-TSXV; MLNF-OTCQB; A3N2-FSE] has filed a Preliminary Economic Assessment for the Pastos Grandes Project, Salta Province, Argentina that was prepared by consultants WorleyParsons. The NI 43-101 resource includes 2,131,000 tonnes of lithium carbonate equivalent and 8,141,000 tonnes of potash equivalent in the measured and indicated resource categories, plus 878,000 tonnes of lithium carbonate equivalent and 3,263,000 tonnes potash equivalent inferred.

Neo Lithium Corp. [NLC-TSXV; NTTHF-OTCQX] has discovered a new aquifer at depth at its 3Q Project in Catamarca Province, Argentina. “It adds considerable blue sky to the 3Q Project,” said Waldo Perez, President and CEO. This season, the company focused on completing infill drilling and getting into the deeper part of the basin. The company also reported that processing studies have achieved concentration levels of 3.8% lithium brine solely through solar evaporation – no costly additives were required, plus calcium chloride precipitates through crystallization and in the process captures water molecules within the crystals – both of these represent important developments for the project.

NRG Metals Inc. [NGZ-TSXV; NRGMF-OTCQB; OGPN-FSE] has awarded a contract for the initial diamond drilling at its Hombre Muerto North lithium project in Salta Province, Argentina, to AGV Falcon Drilling SRL. The initial phase of drilling will consist of three core holes up to a maximum depth of 400 metres depending upon results obtained. Drilling is expected to start early April. The project is located at the northern end of the prolific Hombre Muerto salar, adjacent to FMC’s producing Fenix lithium mine and Galaxy Resources’ Sal de Vida development stage project. The Fenix Mine is the largest producing lithium mine in Argentina and the Sal de Vida Project is the largest devel-opment stage lithium project in the country.

Orocobre Ltd. [ORL-TSX; ORE-ASX] is the newest brine based global lithium carbonate supplier through its flagship operation, Salar de Olaroz. Measured and indicated resources are 6.4 Mt LCE capable of sustaining current continuous production for 40-plus years with only ~15% of the defined resource extracted. Orocobre also has a 35% interest in Advantage Lithium.

Ultra Lithium Inc. [ULI-TSXV; ULTXF-OTC] has received assay results of the second round of sampling work carried out in December 2017 on the Salar Laguna Verde discovery zone in Catamarca Province, Argentina. Assay results indicate lithium values in the range of 34.2 to 1,270 milligrams/litre or parts per million (ppm), magnesium values less than 1 ppm to 7,920 ppm, potassium 804 ppm to 15,800 ppm, and boron 65.5 to 2,190 ppm.

Wealth Minerals Ltd. [WML-TSXV; WMLLF-OTCQB; EJZ-FSE] is completing drilling at the Laguna Verde Project, northern Chile. Bench-scale testwork demonstrated Tenova Advanced Technologies’ process technology could be successfully applied to Laguna Verde brines. Wealth signed a JV agreement with stateowned National Mining Company of Chile (Enami) to develop and commercialize Salar de Atacama and Laguna Verde as to Wealth 90%/Enami 10%. Wealth also holds Trinity, Five Salars and other projects in Chile.

 

Why the Lithium Bears Are Wrong

A.I.S. Resources Adds Second Drilling Rig at Chiron

Vancouver, British Columbia – April 27, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce it has engaged a second drilling contractor, AGV Falcon S.R.L. of Salta, Argentina to complete up to four diamond drill holes for a total of 1,300 meters across four tenements at its Chiron project in the Pocitos Salar.

AGV Falcon has mobilized a drill rig onto the site and is expected to begin drilling on Saturday 29 April 2018. AIS is looking to expedite exploration at Chiron to gather all the necessary data prior to purchasing the project.

Phil Thomas, Chief Operating Officer and exploration director of A.I.S., stated: “It will be exciting to see the brine results in the core and how well it correlates with the geophysics we have completed. We will drill one hole in Pocitos 2 down to 400m to examine the lithium concentration in the brine at depth. Our modelling suggests there is a significant aquifer at depth but this will give us proof. I will be overseeing the data collection and ensure that QA/QC is monitored and our local geologist will be supervising the packer testing.”

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI-43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is an officer and shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V 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.

On Behalf of the Board of Directors,

AIS Resources Ltd.
Marc Enright-Morin, President and CEO

Corporate Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: 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.