A.I.S. Resources Prepares for Drilling

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Vancouver, British Columbia – April 20, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce it has engaged Hidrotec SRL of Salta, Argentina to complete up to eight diamond drill holes for a total of 2,300 meters across all four tenements at its Chiron project in the Pocitos Salar.

Hidrotec has mobilized a drill rig onto the site, as well as some of the necessary equipment to begin the construction of the drill pads and drilling to start on April 24, 2018.

  • AIS plans to drill eight holes, to various depths between 300 and 400 meters.
  • Chiron appears to be the preferred area in the salar for brine saturated sequences, based on geophysics data interpretation.
  • This upcoming drill campaign will enable the Company to outline an initial maiden resource at Chiron after a pump test has been completed.

Phil Thomas, Chief Operating Officer and exploration director of A.I.S., stated: “We are very excited at the prospect of drilling these sequences as the geophysics showed very low resistivities from 20 metres to more than 200 metres below the surface. Adjacent concession holders are also preparing to drill and this will provide the basis for a sound geological model.

We are also looking forward to using a new geophysics technique using magnetic resonance of hydrogen to determine porosity and permeability to calculate the reservoir and specific brine yield values. This technique is tried and tested in oil but this is the first time it will be used commercially in brines with high salt content. This will save us nearly 4 months of brine yield testing using traditional methods.”

Historical Work
The Pocitos salar basin was previously drill tested, with 12 shallow holes in 1979, by the Direccion General de Fabricaciones Militares (DGFM). The most significant result from this historical work program includes a shallow drill hole, which averaged 417 parts per million (ppm) lithium and 15,300 ppm potassium. The above historical results cannot be verified by the company, and are not NI-43-101 compliant.

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.

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 Provides Corporate Update

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Vancouver, British Columbia – March 22, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce final interpretation of geophysics at Chiron. The company’s fundamentals have not changed, but improved, and it remains on target with its timelines to become a lithium carbonate producer in the first quarter of 2020.

Chiron Project Update

Final Interpretation of Geophysics
The TEM (transient electromagnetic survey) testing has detected substantial aquifers over a broad area at its Chiron Project in the Pocitos Salar, Salta Province, Argentina. Low resistivity sequences at 10 meters, 20 meters and 100 meters are interpreted as rich sandy acquifers. See below.

East West Profile Through Chiron 1-2

The surface acquifer can easily be seen but it is quite narrow in comparison to the acquifer at 3605m MASL (meters above sea level) which is 80 metres in depth. These extremely low values suggest the brines are highly conductive and not consolidated at this depth. We would expect middle size grains of sand and some clay components (that improve conductivity).

Chiron 7 North South Profile

The brines at the southern end of the concession have built up close to the tectonic/fault structure adjacent to the concessions. The geological model of the alluvial fans filling the basin with sands and lithium bearing minerals from the local ignimbrites and andesites is consistent with a porous sandy medium.

Chiron 9 East West Profile

Drilling at Chiron
The Puna region has experienced unusually high levels of rains due to “La Ninã” weather patterns over the last several weeks. The company is ready to mobilize a drilling crew as soon as the Salar dries and drill pads are in. All the necessary permitting is in place and drill hole locations have been finalized. The company has sufficient funds to carry out the drilling program. A total of 3200 meters is planned across all tenements.

AIS Resources’ Chiron Project with four properties shown in blue – Located in the Pocitos Salar

Guayatayoc Permit Update
The company has completed all the necessary requirements under current mining legislation for the approval of its drilling permit and we are waiting for the Government of Jujuy to set the date for our UGAMP meeting. The meeting is comprised of several government agencies, communities and the company to discuss the project and final approval of a drilling permit.

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 Limited 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 network, 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 most recent activities have been the exploration of lithium properties 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 Detects Potential Lithium-Rich Aquifers at Chiron Project, Prepares for Drilling

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Vancouver, British Columbia – January 29, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that seismic testing has detected three distinct aquifers over a broad area at its Chiron Project in the Pocitos Salar, Salta Province, Argentina.

Preliminary highlights from the TEM (Transient Electromagnetic Survey) program are as follows:

  • Low resistivity sequences interpreted as aquifers have been detected in what correlates to sand-rich units at depths of 10 meters, 20 meters and 100 meters at each of AIS’s four Chiron concessions.
  • Extremely low resistivity (0.4-1.0 ohm-m) at each of 19 data points covering the 27 sq. km project suggests the potential for lithium brines and at scale;
  • Chiron appears to be the preferred area in the salar for brine saturated sequences, based on seismic data, and will be drill tested shortly (in February) with an 8-hole, 3,200-meter drill program.

Further geophysics modelling data will be available in 7-10 days, immediately ahead of the commencement of drilling.

Phil Thomas, Chief Operating Officer and exploration director of A.I.S., stated: “This initial seismic data from Chiron based on the TEM geophysics strongly supports our case for acquiring these strategic concessions. Together with our Guayatayoc Project to the northwest in Jujuy province, where we’ve made excellent progress with our pilot plant production chemistry, A.I.S. is on track for a breakthrough year as an emerging new producer in the lithium brine space in Argentina.”

Guayatayoc Update
Crews will be mobilized to Guayatayoc to commence a 14-hole, 4,000-meter program upon receipt of final drilling permits and completion of drilling at Chiron.

The program at Guayatayoc will test grade, porosity and permeability and include a 30-day pumping test of the aquifers. This will be followed by geohydrology, reservoir modelling and an initial resource report. Based on results the Company may proceed to a Mineral Resource Report followed then by a definitive Feasibility Study, to be delivered in 2018.

When permits are granted the company intends to follow the mineral reserve estimations with civil works at Guayatayoc subject to pond permitting by the government in Jujuy. The management team will be in Argentina in February to progress the permitting process and exploration of Chiron.

AIS-Chiron-Drilling-Permit-Map

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

Investor Relations
For investor relations inquiries contact Skanderbeg Capital Advisors:
Adam Ross
T: 604-687-7130
C: 604-788-2499
E: adam@skanderbegcapital.com

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 Drilling and Seismic Exploration Application and Plan Approved at Chiron Project Prepares Seismic Survey

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Vancouver, British Columbia – January 5, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has been granted an exploration licence for seismic and drilling at its Chiron project. This allows the company to quickly progress to a TEM seismic program and then drilling immediately following.

AIS has entered into a contract with Quantec Geoscience Argentina S.A. to conduct a 19 point TEM (VES) seismic survey in early January 2018. The survey will utilize one Geonics EM37 transmitter, a Geonics Protem 37 receiver and a 3D coil.

The main objective of the requested TEM surveys is to define the subsurface horizon’s that are highly conductive that will likely define the presence of aquifers on the properties down to a depth of approximately 400 metres for drill targets.

The work will be completed by February 2018. Preliminary tenders have been received from a number of drilling companies for an eight hole program of 3,200 metres.

AIS-Chiron-Drilling-Permit-Map

 

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 Limited 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 is currently focused on the exploration and development of lithium properties in Northern Argentina.

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

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 Begins Exploration at the De Quirón, Salta, Argentina

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Vancouver, British Columbia – December 1, 2017 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has begun exploration activities in the Salar de Quirón, (the “Chiron Project’) in the Province of Salta, located approximately 10 kilometers from the township of Pocitos.

The Chiron Project is comprised of the following concessions:

File No

 Concession Name Area Ha Environmental Study Current

N° 19.457

 Pocitos 1 800 Yes

N° 19.458

 Pocitos 2 532 Yes
N° 19.463 Pocitos 7 800

Yes
N° 19.465 Pocitos 9 599

No
Pocitos 2,732 Ha

Environmental impact assessments have been completed on all four concessions. Applications for sampling, seismic, and 6,000 metres of drilling have been submitted.

A VES geophysics study is being prepared by Quantec Geoscience Argentina S.A. to cover the newly acquired concessions.

AIS has planned an intensive exploration program of sampling, mapping, geophysics and drilling for the period December 2017 – March 2018 and plans to complete a NI 43-101 compliant study in the first quarter of 2018.

Previous Exploration in the Salar de Quirón
The 60-kilometre-long Pocitos salar basin has been previously drill tested with 12 shallow holes in 1979 by an Argentine government agency. The most significant result from the historical work programs includes a shallow drill hole, which averaged 417 parts per million (ppm) lithium and 15,300 ppm potassium. However, AIS’s recent research suggests that highly concentrated brines are at 100-350 meters depth.

AIS has completed research to understand the likely occurrence of lithium rich brines in the Salar at depth. The research model suggests that at least three adjacent salars in the region of the Salar de Quirón have been exposed to significant tectonic and volcanic events during the Proterozoic period “burying” previously existing salars at depths of 100-350 meters. AIS intends to determine the extent of this hypothesis.

In 2010, Li3 Energy Inc. announced the results of 46 brine samples taken immediately east of the Chiron Project, with brine assays ranging from 300 ppm to 600 ppm lithium.

AIS-Resources-Chiron-Project-Map

Millennial Lithium Corp. and Liberty One Lithium Corp’s August 2017 VES survey reported encouraging results in the area of the Salar de Quirón near the Chiron project (view here).

Portions of Pure Energy’s October 2017 VES seismic traverse the Chiron project (view here).

Marc Enright-Morin, AIS President and CEO, commented: “Very encouraging results from nearby explorers classify the Chiron Project as having significant prospectivity. We look forward to testing the hypothesis that highly concentrated brines exist at depth through our upcoming program of geophysics and drilling. Our strategy is to fast track both our Mina Guayatayoc and Chiron Projects.”

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 Limited 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 is currently focused on the exploration and development of lithium properties in Northern Argentina.

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

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 Option Grant

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Vancouver, British Columbia – November 24, 2017 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that effective November 24, 2017 it has granted 2,200,000 stock options to directors and consultants of the Company pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.91 per share and an expiry date of November 24, 2022.

About A.I.S. Resources
A.I.S Resources Limited 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 is currently focused on the exploration and development of lithium properties in Northern Argentina.

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

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 Expands Lithium Footprint in Argentina

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Vancouver, British Columbia – November 21, 2017 – 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 four prospective properties in the Quinos Salar in Salta province (“the Chiron Project”), south of the Company’s flagship Guayatayoc Project in Jujuy province.

Marc Enright-Morin, AIS President and CEO, commented: “We’re delighted that after considerable due diligence by our team of lithium brine experts led by Chief Operating Officer Phil Thomas and Dr. Carlos Sorentino, we’ve been able to advance our strategic plan to complement Guayatayoc with a pipeline of high quality properties in such a favorable and active region of Salta province where encouraging results are being reported.

“Ultimately, as we focus on economies of scale, our goal is to have one central processing facility handle concentrated brine from Guayatayoc and one or more other nearby properties. We have access to a lab and a pilot plant in Salta which gives AIS. a competitive advantage and helps makes this property acquisition so compelling.”

The Chiron Project expands the Company’s footprint in Argentina by 35% to more than 100 sq. kilometers (10,500 hectares). The option to purchase can be exercised for $US 1.4 million by May 15, 2018 (of which $US 200,000 has been paid). This averages $US 514 per hectare and compares favorably with other properties with similar prospectivity in the region.

About A.I.S. Resources
A.I.S Resources Limited 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 network, 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 most recent activities have been the exploration of lithium properties in Northern Argentina.

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

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 Amends November 1, 2017 News Release Announcing Close of Second Tranche of Financing

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Vancouver, British Columbia – November 7, 2017 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) wishes to amend its news release dated November 01, 2017 in which it announced the closing of the $2,834,000 second tranche of its $4,000,000 non-brokered private placement.

Finders fees have been amended from $129,395 cash and 646,975 finders warrants to $46,650 cash, 415,975 shares and 646,975 finders warrants.

About A.I.S. Resources
A.I.S Resources Limited 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 network, 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 most recent activities have been the exploration of lithium properties in Northern Argentina.

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

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 Close of Second Tranche of Financing and Appointment of Director

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Vancouver, British Columbia – November 1, 2017 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 14,170,000 units (“Units”) for gross proceeds of $2,834,000, the second tranche of the $4,000,000 non-brokered private placement announced on October 18, 2017 (the “Private Placement”). The proceeds will be used for exploration on the Guayatayoc property and for general working capital purposes.

Each unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.30 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.45 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company will pay finders fees totaling $129,395 and issue 646,975 finders warrants. The Common Shares issued pursuant to the Private Placement and the exercise of the Warrants will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

AIS is also pleased to announce the appointment of Anthony Balme FCA (member ICAEW) to its board of directors. Mr. Balme is the Chairman of Carter Capital Ltd, a private mining finance business, and AMC Ltd a family company in insurance underwriting and investment activities. He is Chairman of Forum Uranium Corp, a TSX.V listed company and Ortac Resources a gold and copper exploration company listed on AIM.

About A.I.S. Resources
A.I.S Resources Limited 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 network, 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 most recent activities have been the exploration of lithium properties in Northern Argentina.

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

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.