A.I.S. Resources Limited Announces Increase in Size and Closing of Private Placement

Vancouver, British Columbia – April 23, 2014 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of units (“Units”) and as it was over-subscribed it also increased the size of the Private Placement from 1,500,000 Units for aggregate gross proceeds of $300,000 to 2,300,000 Units for aggregate gross proceeds of $460,000. As previously announced, each Unit was issued at a price of $0.20 and is comprised of one common share (“Common Share”) of the Corporation and one-half of one Common Share purchase warrant (“Warrant”), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.50 for a period of one year from the date of closing of the Private Placement. The net proceeds of the Private Placement will be used to finance the investigation and due diligence of potential transactions that result in the reactivation of the Corporation and for general working capital purposes.

The Common Shares and Warrants, including the Common Shares underlying the Warrants, are subject to a hold period ending August 23, 2014.

About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by seasoned professionals who have a long track record of success in the capital markets. Through their extensive business network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing returns for shareholders.

Contact
A.I.S. Resources Limited
Martyn Element
President and CEO
T: 604-220-6266
E: melement@aisresources.com
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.