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Find Out How A.I.S. Resources Leapfrogged Over the Lithium Competition

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A.I.S. Resources is exploring the Lithium Triangle in northern Argentina

Smallcappower caught up with Phillip Thomas, chief operating officer of lithium explorer A.I.S. Resources, at the Mines and Money show in London. A.I.S. Resources is exploring in the highly prospective lithium triangle in northern Argentina, where they are hoping to start a bankable feasibility study in 2017. In the interview, he tells us how the company has leapfrogged past their competitors by accomplishing one particular feat. He also shares his thoughts on the lithium boom, what the valuable Chinese market is looking for, and whether or not there will be enough lithium to supply the market in the future.

 

‘We have the best technical team in the country’, says AIS Resources Chairman, Martyn Element

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AIS Resources is listed on the TSX Venture Exchange and has been around since 1967. They have a lithium brine project in Argentina. Chairman Martyn Element and COO Phil Thomas spoke to Proactive at Mines and Money 2016 in London.

Element says: ”AIS Resources is actually an investment issuer … which is a micro merchant bank. It just means that we have the breadth and width to be able to do any deal in any sector and there’s not many of them – it’s quite an unusual vehicle. We have another asset in the company but our main one is the lithium project  that we are currently involved with”.

”It was done very purposefully. We got into the lithium project about 5 or 6 months ago and it became evident very quickly that to mean something in this space you have to be in Argentina … but if you’re going to be in Argentina you need to have people around you that are very, very technically minded. On the TSXV there might be 95  lithium or lithium-related companies and in my professional opinion only about 5 or 6 are going to make their mark. The fall down we believe is on the technical side and we believe as a company  we have the best technical team, even though we’re still a very low cap, in the country.”

Thomas adds: ”This is my third project, so it’s not like I haven’t done it before. The production process follows an extensive exploration process so at the moment, this week actually, we’re trenching, we’ll be taking samples of brine, we’ll create lithium isobars so we know on the surface where the lithium is occurring. Then we’ll go down and start drilling  and doing some seismic”.

”We’re looking at the end of 2018, early 2019 to ship our first load of lithium carbonate and hopefully lithium hydroxide.”

A.I.S. Resources Limited Announces Options Grant

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Vancouver, British Columbia – November 8, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that effective November 8, 2016 it has granted 200,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.30 per share and an expiry date of November 8, 2021.

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
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 Limited Announces $500,000 Private Placement

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Vancouver, British Columbia – November 2, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 2,000,000 Units for gross proceeds of $500,000 pursuant to its previously announced non-brokered private placement (the “Private Placement”). Each Unit was issued at a price of $0.25 and is comprised of one common share (“Common Share”) of the Company and one half Common Share purchase warrant (“Warrant”), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.40 for a period of one year from the date of closing of the placement 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 Cdn $0.50 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given. The Company incurred finders fees totaling $24,480 cash and 48,960 broker warrants exercisable on the same terms as the placement warrants.

The net proceeds of the Private Placement will be used for general working capital purposes and due diligence on the Company’s Argentinian lithium properties.

All securities issued under the private placement will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement has received conditional acceptance from the TSX Venture Exchange.

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
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.

Dudley Pierce Baker’s Junior Mining News – The Lithium Boom Has a New Player in Argentina

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A friend of mine with an inactive Canadian listing just put together a major lithium project in the lithium triangle in Argentina. The company is named A.I.S. Resources Ltd. (AIS.H:TSX.V) and has an .h added to the symbol because the company was inactive. That will be removed after doing a financing and completing the deal.

The primary project consists of a 7500 ha property at Guayatayoc located in the center of lithium production in Argentina. Prior work on the project was for the production of borates; however, samples were taken showing a good grade of lithium. The project was approved for mining borates and the Argentine government has just allowed lithium to be added to the existing mining license.

This company is a zero brainer. They have right at 19 million shares outstanding with a price of about $0.40 a share. So call it slightly below $8 million market cap. There are literally dozens of companies out there in the lithium space with moose pasture, no hope of ever getting a mining license and market caps ten times higher than AIS.

AIS has hit the ground running. Having a mining license in hand is giant. There has been 2D Seismic done on the project and identified where the aquifers are. They are starting a pit sampling program drilling down four to five meters on a 500-meter to 1,000-meter grid. Once complete the company will do infill pits on a 100-meter to 250-meter spacing to increase the quality of the resource.

The company just added an extremely qualified lithium guy who developed two major lithium projects in Argentina and was active in three lithium projects in the last four years. The Director, Phillip Thomas, worked on the Rincom salar project in Argentina and prepared the bankable feasibility study for the property. He is one of the most experienced and top guys in the lithium field in South America and especially Argentina.

AIS is paying $150,000 USD for a six-month option on the project and there is a further US$4.5 million due at the completion of scientific studies and exploration for a 100% interest.

There are probably seventy-eighty different Canadian juniors all claiming to be the best investment in lithium. Most of them are scams and will never see production. The market believes there will be a lithium shortage through 2025 but at some point the market will be saturated. Lithium is common. It’s not the biggest project or even the best project that will cross the finish line, it’s the few who can get permitted and into production soonest that will reward shareholders.

Prior exploration showed lithium values between 200 and 800 ppm. That is considered highly economic. Magnesium to lithium ratios are less than 4-1; excellent for low cost processing.

AIS is not an advertiser. I have participated in a private placement based on knowing senior management from past deals. I think they have a home run, they certainly have one of the most qualified technical teams I have seen and they have a mining permit. That will be golden. Please do your own due diligence.

A.I.S. Resources Ltd.
AIS.H-V $0.40 (Nov 01, 2016) />
19.2 million shares
A.I.S website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: SolGold plc and A.I.S. Resources Ltd. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company does not have a financial relationship with any of the companies mentioned in this article. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: None. The companies mentioned in this article were not involved in any aspect of the article preparation. Streetwise Reports does not accept stock in exchange for its services. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview/article until after it publishes.

( Companies Mentioned: AIS.H:TSX.V, SOLG:AIM)

Bob Moriarty of 321 Gold – AIS-H:TSX-V – The Lithium Boom Has a New Player in Argentina

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Bob Moriarty of 321 Gold discusses a company that has hit the ground running in Argentina’s lithium triangle.

Earlier this year someone sent me some information about a tiny Australian company listed on the AIM in London that was drilling for copper and gold in Ecuador. The company is called SolGold plc (SOLG:AIM) and I wrote about them in late March. Their price was 3.7 pence at the time.

On Monday October 31st, the shares hit 29.92 pence for an 800% gain in a seven-month period. The company wasn’t an advertiser then or now; actually they didn’t even bother answering an email I sent them asking some basic questions. They are AIM listed, which I hate, an Australian company, which I hate, and are utterly hopeless at communication. Their website looks like it was put together by a 12-year-old kid working on a school project.Lithium

But they had the goods and eventually in spite of all the negatives the market eventually got the story. I wrote about them even though I had little information and no interest other than I thought they were a screaming buy.

In the past year I’ve done a lot of research into solar power, wind power and batteries for storage. It’s a really interesting area because the economics are changing so rapidly. According to numbers coming from Tesla, the cost of one kWh of battery storage was $560 in 2008, will be $180 in 2017 and $100 in 2020 when the Gigafactory is completed. At $100 per kWh, battery storage is so cheap that solar and wind power begins to compete with coal and oil. That will be a game changer for the world economy.

As far as batteries are concerned, lithium remains the way to go and industry projections show a shortage going into 2025.

A friend of mine with an inactive Canadian listing just put together a major lithium project in the lithium triangle in Argentina. The company is named A.I.S. Resources Ltd. (AIS.H:TSX.V) and has an .h added to the symbol because the company was inactive. That will be removed after doing a financing and completing the deal.

The primary project consists of a 7500 ha property at Guayatayoc located in the center of lithium production in Argentina. Prior work on the project was for the production of borates; however, samples were taken showing a good grade of lithium. The project was approved for mining borates and the Argentine government has just allowed lithium to be added to the existing mining license.

This company is a zero brainer. They have right at 19 million shares outstanding with a price of about $0.40 a share. So call it slightly below $8 million market cap. There are literally dozens of companies out there in the lithium space with moose pasture, no hope of ever getting a mining license and market caps ten times higher than AIS.

AIS has hit the ground running. Having a mining license in hand is giant. There has been 2D Seismic done on the project and identified where the aquifers are. They are starting a pit sampling program drilling down four to five meters on a 500-meter to 1,000-meter grid. Once complete the company will do infill pits on a 100-meter to 250-meter spacing to increase the quality of the resource.

The company just added an extremely qualified lithium guy who developed two major lithium projects in Argentina and was active in three lithium projects in the last four years. The Director, Phillip Thomas, worked on the Rincom salar project in Argentina and prepared the bankable feasibility study for the property. He is one of the most experienced and top guys in the lithium field in South America and especially Argentina.

AIS is paying $150,000 USD for a six-month option on the project and there is a further US$4.5 million due at the completion of scientific studies and exploration for a 100% interest.

There are probably seventy-eighty different Canadian juniors all claiming to be the best investment in lithium. Most of them are scams and will never see production. The market believes there will be a lithium shortage through 2025 but at some point the market will be saturated. Lithium is common. It’s not the biggest project or even the best project that will cross the finish line, it’s the few who can get permitted and into production soonest that will reward shareholders.

Prior exploration showed lithium values between 200 and 800 ppm. That is considered highly economic. Magnesium to lithium ratios are less than 4-1; excellent for low cost processing.

AIS is not an advertiser. I have participated in a private placement based on knowing senior management from past deals. I think they have a home run, they certainly have one of the most qualified technical teams I have seen and they have a mining permit. That will be golden. Please do your own due diligence.

A.I.S. Resources Ltd.
AIS.H-V $0.40 (Nov 01, 2016)
19.2 million shares
A.I.S website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: SolGold plc and A.I.S. Resources Ltd. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company does not have a financial relationship with any of the companies mentioned in this article. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in the article are sponsors of Streetwise Reports: None. The companies mentioned in this article were not involved in any aspect of the article preparation. Streetwise Reports does not accept stock in exchange for its services. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview/article until after it publishes.

A.I.S. Resources Announces Option Payment, Start of Exploration Campaign, Adds Lithium to its Mining Licences and Appoints New Director

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Vancouver, British Columbia – October 31, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce AIS has made the $150,000 option payment to the vendor in Argentina and appointed Philip Thomas to its board of directors. The Company has also added lithium minerals to its mining licences and commenced Phase 1 exploration on Guayatayoc.

The CEO of the company, Marc Enright-Morin said, “We are pleased to kick off our exploration campaign in such a short period of time post acquisition. The addition of Mr. Thomas to the board will strengthen our position moving forward. Having lithium mining licences under our belt will help fast track the project. These will be exciting months for the Company and its shareholders.”

The Jujuy mining court has accepted the addition of lithium and potassium minerals to the Company’s existing mining licences. This is a major milestone for the Company, enabling AIS to progress rapidly through all exploration stages.

The initial stages of exploration will consist of systematic sampling using pits, 4 to 5 metres deep, excavated on a 500 to 1000 meter grid, with subsequent selective infill pits at 100 to 250 metres spacing.

Deliverables from the above exploration will include:

  • Report and analysis of multiple brine samples.
  • Complete lithium and chemistry isoconcentration maps.
  • Drill locations.

Positive studies from the above will give us the necessary information required for a drill campaign with the goal of outlining a 43-101 Inferred and Indicated Resource of lithium.

Mr. Phillip Thomas, BSc (geology), MBusM, MAIG, MAIMVA, MCIM, CMV specializes in finance and capital raising; management of mining companies; planning and development. He was actively engaged in developing two major lithium projects in Argentina and has been active in three lithium projects in the last four years. Mr. Thomas has specialized in the exploration, development, financing and sales of lithium deposits within the public company structure. He has extensive knowledge of the lithium carbonate markets in Japan, Korea, China and Taiwan. From 2003 to 2008, he was chief executive officer of Admiralty Resources, worked on the Rincon salar project in Argentina and prepared the bankable feasibility study for the exploitation of the Salar del Rincon. He raised more than $6-million for this project and sold it in 2008. He and his team constructed a laboratory pilot plant and developed a process to evaporate the brines in half the usual time. Mr. Thomas holds a master of business marketing with high distinction from Monash University, a bachelor of science in geology and a diploma in finance. He is a member of the Australian Institute of Geoscientists and a certified mineral valuer with the Australasian Institute of Mineral Valuers and Appraisers.

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
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 Limited Announces Option Grant

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Vancouver, British Columbia – October 7, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that effective October 7, 2016 it has granted 400,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.25 per share and an expiry date of October 7, 2021.

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
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 Addition of Geological and Engineering Team

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Vancouver, British Columbia – October 6, 2016 – Marc Enright-Morin, CEO of A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce the engineering and geological team for the Company’s Argentinian projects.

The CEO of the Company, Marc Enright-Moring said, “We are pleased to be associated with such a world class team, who all have such extensive knowledge across all sectors of the lithium process; from discovery to production. We are now equipped with everything we need to fast track our projects.”

The team consists of:

Mr. Phillip Thomas BSc Geol MBusM MAIG MAIMVA MCIM CMV (Marketing, Capital Finance, Geology)
Phillip has degrees in Geology and Business Marketing and is a certified mineral valuer. He specialises in finance and capital raising, management of mining companies, planning, development and management of mining projects, having established a number of significant exploration projects in Mexico, USA, Chile, Argentina, Arizona and Australia. Previously he was actively engaged in developing two major lithium projects in Argentina with Dr. Sorentino. Phillip has specialised in the exploration, development, financing and sales of lithium deposits within the public company structure.

He has extensive knowledge of the lithium carbonate markets in Japan, Korea, China and Taiwan. From 2003 to 2008 he was CEO of Admiralty Resources, worked on the Rincon Salar project in Argentina, and prepared the bankable feasibility study for the exploitation of the Salar del Rincon. He raised more than $6m for this project and sold it in 2008. He and his team constructed a laboratory, pilot plant and developed a process to evaporate the brines in half the usual time. Phil has been active in three lithium projects in the last 4 years. Phillip holds a M Bus Marketing degree with high distinction from Monash University, a Bachelor of Science (Geology) degree and a Diploma in Finance. He is a member of the Australian Institute of Geoscientists and a certified Mineral Valuer with the Australasian Institute of Mineral Valuers and Appraisers.

Dr. Carlos Sorentino (Chief Chemical Engineer)
Dr. Sorentino has degrees in engineering and economics. He specialises in the valuation, planning, development and management of mining projects, having established a number of significant exploration projects in South America. He has completed a number of major lithium projects in Argentina . Dr. Sorentino has specialised in the exploration, metallurgy and development of the mineral resources of evaporitic deposits, particularly in the Andes Cordillera. From 1996 to 2001 he prepared the detailed engineering and a bankable feasibility study for the exploitation of the Salar del Rio Grande, and from 2004 to 2008 developed the basic and detail engineering and directed the establishment of a pilot plant for a Lithium project in the Salar of Rincon, both of them in Salta, Argentina. More recently, he formulated a detailed business plan for the exploitation of lithium in the Salar of Pozuelos.

Dr. Sorentino’s doctoral dissertation was in the field of mineral economics. He also holds a Masters of Environmental Studies degree, a Bachelor of Engineering (Chemistry) and a Diploma in Radioisotopes Technology. He is a Fellow and a Chartered Professional of the Australasian Institute of Mining and Metallurgy, a member of the Mineral Industry Consultants Association, a member of the American Chemical Society and a Director and Certified Mineral Valuer with the Australasian Institute of Mineral Valuers and Appraisers.

Dr. Sorentino holds directorships in a number of private corporations in Australia, Argentina and elsewhere. He is an honorary Associate in Macquarie University, Wollongong University, University of Jujuy (Argentina) and in the Kalgoorlie School of Mines.

Professor Dr. Ricardo Alonso (Geology)
A Doctor in Geological Sciences, researcher and university professor, Ricardo Alonso specializes in Geology of the Central Andes. He graduated as a Geologist from the National University of Salta (UNSA) in 1978. Since 1984 he has been a Professor of UNSA, teaching Systematic Mineralogy, Geology of Evaporites and History of Latin American Geology. He has been a Visiting Researcher at Cornell University, NY, Potsdam University, Germany and a guest professor at the International University Menendez Pelayo, Santander, Spain. Since 1984, Dr. Franks has been a researcher of the National Science Council of Argentina (CONICET) and has been involved in international projects with the National Science Foundation (USA), National Geographic Society (USA), Cornell University (Program INSTOC-NASA), Nebraska University (USA), Natural Science Museum (Madrid, Spain), University of Barcelona (Spain), University of Potsdam (Germany) and Dokuz Eylull University (Izmir, Turkey), amongst others.

A prolific author, he has written numerous papers and over 50 books in his field, including “Diccionario Minero Hispanoamericano” published in Madrid in 1995 by the Spanish National Research Council.
Dr. Alonso is the recipient of several awards, including the Journalism Prize in History and Culture (ADEPA, Bs. As., 1999), the “Miner of the Year 2007” (Argentinean Mining Industry, Bs. As.) and the Argentinean Geological Association Prize 2010 (in the category of Ore Deposits).

Dr. Alonso is a Fellow of the Geological Society of America and of the Society of Economic Geologists. He was the Secretary of Mining and Energy for the Salta Government, (Argentina), 2005-2007 and is an Elected Member of Legislative Lower House of the Province of Salta (2009- 2013).

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
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 Acquires Two Argentine Lithium Projects and Announces $500,000 Financing

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Vancouver, British Columbia – October 4, 2016 – Marc Enright-Morin, CEO of A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce AIS has entered into an Option Agreement to purchase two lithium projects in Argentina and is pleased to announce a concurrent $500,000 financing.

AIS has entered into a binding agreement to acquire 100% of two lithium projects in Jujuy province, Argentina, subject to TSX Venture Exchange approval. The projects are strategically located within the Lithium Triangle of South America.

Guayatayoc and Guayatayoc III are located in Jujuy Province along highway 11, 5 kilometres from the town of Abralaite in the Puna plateau. The property covers approximately 5,000 hectares of the Guayatayoc Salar which hosts favourable geology for lithium and boron, located adjacent to the El Aguillar mountain range, the source of lithium and boron. Previous exploration on the property has returned values between 200 ppm and 800 ppm of lithium. The magnesium to lithium ratios are less than 4 to 1, excellent for low cost processing. Ulexite is seen in outcroppings and in layers only 30 centimetres below the surface. There is a natural gas terminal located in San Antonio de Los Cobres approximately 120km away. The area is being actively mined for borates.

A PhD study published in 2013 by Steinmetz identifies the locations of aquifers and provides a detailed analysis of the lithology of the basin. During the course of the study the entirety of the basin was covered with 2D Seismic.

ais-resources-guayotayoc-salar-lithium-project

Laguna Vilama is located in Jujuy Province, in northwestern Argentina along the Bolivian and Chilean borders. The property is comprised of 2,500 contiguous hectares covering the middle of the basin. Early mapping has identified a favourable environment for the presence of brines.

The Jujuy province of Argentina is a well-known, favourable mining jurisdiction. Orocobre’s new development at the Olaroz salar, hosts a JORC/NI43-101 compliant, measured and indicated resource of 6.4 Mt LCE (Orocobre website, Oct 2, 2016). Lithium Americas is developing the Cauchari salar, jointly with SQM a JORC/NI43-101 compliant, measured and indicated resource of 8.7 Mt LCE. (Lithium Americas website. Oct 2, 2016). Both are less than 100km from the properties.

Under the terms of the agreement, AIS can acquire a 100% interest in the properties by;

  1. Payment of $150,000 US for a 6 month option entitling AIS to conduct exploration, sampling, chemistry and drilling to determine the commercial viability of the projects.
  2. A onetime option payment of $4.5 Million US – payable at the conclusion of the 6 month option period.

The properties are subject to 8.5% carried-free participation required by the provincial government and a 3% royalty to the Government.

ais-resources-guayotayoc-salar-lithium-project-map

Concurrent Private Placement Financing
AIS intends to complete a non-brokered private placement of 2,000,000 units (“Units”) at a price of $0.25 per unit for gross proceeds of $500,000 (the “Private Placement”). Each Unit will be comprised of one common share (“Common Share”) of the Company and one half Common Share purchase warrant (“Warrant”), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.40 for a period of one year from the date of closing of the placement 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 $0.50 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than ten (10) business days from the date notice is given. The Company will pay up to 10% finders’ fees.

The net proceeds of the Private Placement will be used to for exploration of the Company’s Argentine properties and for general working capital purposes.

The CEO of the company, Marc Enright-Morin, stated: “We are pleased that we have acquired such well documented and previously researched projects in the Puna plateau. We look forward to delivering positive and exciting exploration and due diligence results to our shareholders over the coming months. Strategically AIS directors believe that investment in lithium will provide significant returns in the years to come, as the world migrates to lithium battery powered technology.”

This news release has been reviewed by Mr. Phillip Thomas, BSc Geol MBusM MAIG MAIMVA CMV CIM, a qualified person, as that term is defined in National Instrument 43-101.

The agreement and the financing are subject to regulatory approval, including that of the TSX-V.

We seek Safe Harbour.

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
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.