Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has signed an option agreement to extend its right to explore the Guayatayoc III, Guayatayoc Mina and Vilama properties from October 1, 2018 to March 31, 2019 for consideration of US$200,000. The Company may exercise its option to acquire the property for US$4.5million.
The 60 day notice period for UGAMP submissions has concluded and the Company has responded to all UGAMP requests. Favourable negotiations have been held for the issue of a drilling and seismic permit for Mina Guayatayoc which will be issued shortly.
Phil Thomas stated, “We are very pleased to have completed the consultation process that culminated in the Company signing an agreement with the Quebralena community. We look forward to receipt of our drilling permit and commencement of our seismic and drill program.”
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 part 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 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.
Phillip Thomas, President & CEO
President & CEO
T: 011 61 3 9943 2374
T: 604 687-6820
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.