A.I.S. Resources Announces Warrants Extension

Vancouver, British Columbia – A.I.S. Resources Limited (TSX-V: AIS, OTCQB: AISSF, FRA: 5YHA) (the “Company” or “AIS”) announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 15,625,000 warrants expiring on January 29, 2023. The share purchase warrants were issued pursuant to a private placement of 15,625,000 units accepted for filing by the TSXV on March 3, 2021. The warrants will be extended for a period of one year until January 29, 2024. The exercise price remains unchanged at $0.12.

About A.I.S. Resources Limited

A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on lithium, gold, precious and base metals exploration. AIS’ value add strategy is to acquire prospective exploration projects and enhance their value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of our portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements.

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9 km from Kirkland Lake’s Fosterville gold mine, a 60% interest in the 57 sq km Bright Gold project (with the right to acquire 100%), and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. AIS has further options to achieve a 7.5% royalty in Pocitos 1 and Pocitos 2 lithium brine projects, a 20% equity interest in Pocitos 7 and 9 lithium brine projects and a 20% joint venture interest with Spey Resources Corp. in the Incahuasi lithium brine project.