A.I.S. Resources Submits Application to TSX:V Tier 2 Along with NI 43-101 on Its Argentinian Lithium Properties

April 3, 2017/in News Releases /by AIS-H

Vancouver, British Columbia – April 3, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce it has submitted its application to the TSX for graduation to Tier 2 of the TSX Venture Exchange from the NEX.

The Company has filed with the TSX Venture Exchange an independent technical report prepared in accordance with National Instrument 43-101 entitled “43-101 Technical Report on the Laguna Guayatayoc and Laguna Vilama Lithium, Potassium, Boron Projects”. Once accepted by the TSX the report will be made available on Sedar www.sedar.com and on the Company’s website www.aisresources.com.

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM 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 Director.

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 Limited Announces Extension To Argentine Property Acquisition Agreement

March 28, 2017/in News Releases /by AIS-H

Vancouver, British Columbia – March 28, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce it has signed a three month extension to its Argentine property acquisition agreement.

AIS may extend the agreement for a payment of US$50,000 per month with the first extension payment due May 4, 2017. The second extension payment is due June 4, 2017 and the final extension payment is due July 4, 2017. The extension period will expire on August 4, 2017. AIS may exercise its option to purchase 100% of the Argentine properties at any time up to August 4, 2017.

The additional time if required, will enable the Company to continue with its due diligence of the Guayatayoc, Guayatayoc III and Laguna Vilama concessions including conducting a CSAMT (Controlled Source Audio-frequency Magnetotelluric) survey and drilling Guayatayoc once targets are defined.

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM 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 Director.

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 Limited Announces Guayatayoc Sample Program Results

February 22, 2017/in News Releases /by AIS-H

Vancouver, British Columbia – February 22, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB:AISSF) (the “Company” or “AIS”) is pleased to announce that it has commenced the first phase of its surface sampling program to examine the boron-lithium relationship in the surface brines. The results of the pit sampling program at Guayatayoc Salar have been received from the National Measurement Institute in Sydney Australia. Professor Dr Ricardo N Alonso supervised the collection of samples.

The company has also been accepted for listing to the OTCQB effective January 18, 2017.

Highlights

The exploration sampling was completed along the eastern boundary of the Guayatayoc concessions in a rectangular pattern.
This analysis allows surface maps to be made showing isobars of lithium, boron and potassium, prior to CSAMT seismic and drilling programs.
Nine pits returned lithium values of greater than 120ppm (0.012%), five pits had Potassium values greater than 4000 ppm (0.4%) and 11 pits with Boron values of greater than 400 ppm.
Further trenching work will be done in the central and western areas of the tenements to fully define the surface expression of lithium, boron and potassium.

Introduction
Prof Dr Ricardo Alonso accompanied by local geologists and support staff visited the Guayatayoc Salar in December 2016 and conducted a sampling program digging 34 pits in a geometric pattern. The 34 samples were sent to the Australian Government National Measurement Institute (“NMI”) in Sydney, Australia.

Guayatayoc is a laguna that has a boron mining licence and is located approximately 3.5 hours from the city of Salta, 43 kilometres from highway 52 turn-off at Salinas Grandes salar.

The objective of the pit sampling was to create a geometric pattern of sampling to determine the relative relationships between lithium and boron, and lithium and potassium at the surface where brines had been observed. This is important when combined with the geophysical and drilling data to interpret the geohydrological data close to the surface. Most of the concentrated brine will be at much greater depths.

Location of the Sample Pits

Sample bottles labelled and packed from Salta, Argentina

Method
Two one litre bottles were rinsed out in brine from the sample pit and were immersed by hand to the middle depth of the pit, which ranged from 10cm to 2 metres. Most pits were one metre wide and two metres in depth with brine depth about 50 centimetres. The sample bottles were immersed approximately at half depth and filled and capped with no air in the bottle. Sampling took place within an hour of digging. The elevation was 3,410 metres.

Commentary
The key exploration objective was to take a large number of samples to the south of previous sampling, in a geometric pattern over a large area, and log the data so as to create surface maps showing isobars of boron, lithium, and potassium bearing in mind the lithium and boron relationship. Ulexite (a boron mineral) was observed on the surface at nearly all the pits.

Results

Pits 3 to 9 showed higher lithium values and a lithium to boron ratio of 1:3.3-3.7. Pit 10 was not sampled. Pits 5, 6, PC, and 8 showed good flows of brine with higher lithium values. The pits also corresponded to the highest potassium and boron values. Pits 17, 18 and 22 to the south also showed high values of lithium. The brines are expected to be much more concentrated at depth and pit samples have shown that lithium, boron and potassium is disseminated across the property.

Updated Environmental Investigation Reports Lodged and Drilling Application Lodged
Our “Estudio De Impacto Ambiental Etapa De Exploracion” or “Effect On Environment During Investigation Stage Of Exploration” has been received by the Jujuy Mines Department and stamped as being received and lodged. These reports are effective for the next two years of exploration work in both Guayatayoc and Guayatayoc III. In addition, our application to carry out geophysical work and drilling has also been lodged and waiting for approval by the Mines Department of Jujuy.

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM 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 a 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 and production and the 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.

On Behalf of the Board of Directors, Marc Enright-Morin, President

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 Samples 910 PPM Li at Guayatayoc and Vilama

February 1, 2017/in News Releases /by AIS-H

Vancouver, British Columbia – February 1, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that results of sampling programs at Guayatayoc Salar and Laguna Vilama have been received from the Australian Government National Measurement Institute (“NMI”).

Highlights

A total of 11 pit samples were taken, 2 in Guayatayoc and 9 in Laguna Vilama;
Guayatayoc sample 1618 (G9) returned 910ppm lithium (0.091% Li), with 27,300 mg/L potassium (2.73% K) and magnesium to Lithium ratio of 1.0:1;
Vilama sample 1626 (V18) returned 820ppm lithium (0.082% Li), 7 320ppm potassium (0.732% K) and a magnesium to lithium ratio of 7.9:1.
The first pit sampling program of 34 sample pits at Guayatayoc are complete and samples have been sent to NMI for Analysis. Results are pending.

Location of the Sample Pits
The location of the pits are as follows:

Guayatayoc

Hole No	South Latitude	West Longitude
G6	S23 20.721	W65 51.169
G9	S23 21.167	W65 51.144
V11	S22 35.405	W66 54.715
V12	S22 35.396	W66 54.732
V13	S22 35.390	W66 54.741
V14	S22 35.383	W66 54.193
V15	S22 34.862	W66 54.197
V16	S22 34.818	W66 54.210
V18	S22 34.783	W66 54.185

Commentary
The company is extremely pleased with these exploration sampling results. This is the first step to creating lithium and potassium isobars and the ground work to locate the sonic seismic and drill hole programs.

Samples collected at Guayatayoc and Vilama have lithium values in the range that would be considered exceptionally commercial along with very high relative potassium grades. Note that a NI 43-101 Report has not been issued and that readers should be cautioned that the inference of commerciality relates only to the grade and not to any resource estimates. The magnesium to lithium ratio is very low at Guayatayoc which implies a lower usage of Slaked lime and Sodium Sulphate to remove the magnesium from the brine.

Phillip Thomas, COO said, “The results of our recent sampling campaign continue to meet and exceed expectations. We look forward to our additional assays and the mapping of lithium, boron and potassium isobars in the coming weeks. ”

Method
Phil Thomas, COO and Exploration Director and Marc Enright-Morin, CEO accompanied by local geologists visited the Guayatayoc Salar and Laguna Vilama in November 2016 and conducted a sampling program taking a total of eleven samples of which two samples were duplicated making a total of nine sampling locations.

Nine one litre bottles were rinsed out in brine from the sample pits and were immersed by hand to the middle depth of the pit at an elevation of 3,410 metres in Guayatayoc and 4,451 metres in Laguna Vilama. Samples were then prepared for shipping.

The samples were sent to the Australian National Measurement Institute (“NMI”) in Sydney, Australia which is one of the highest rated analysis institutions in the world. It is responsible for Australian measurement standards.

Samples

The above analysis is very encouraging with ph and sodium values in the ideal range.

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM MAIMVA, CMV MCIM, 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 a 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 and production and the 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.

On Behalf of the Board of Directors, Marc Enright-Morin, President

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: Only 21m Shares Issued, Lithium Exploration in Argentina – Interview with Martyn Element & Phillip Thomas

January 30, 2017/in In the News /by AIS-H

Commodity TV interviews Martyn and Phil at London’s Mines and Money show in December 2016.

A.I.S. Resources Limited Announces Initial Sampling at Guayatayoc

January 3, 2017/in News Releases /by AIS-H

Vancouver, British Columbia – January 3, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that the results of the initial sampling program at Guayatayoc Salar have been received from the University of Salta, Argentina. Professor Dr Ricardo N Alonso supervised the analysis.

Highlights

Sample Pit one returned a lithium value of 770ppm (0.077% Li) and a magnesium to lithium ratio of 0.72:1
Sample Pit two returned a lithium value of 250ppm (0.025%) and a magnesium to lithium ratio of 1.44:1
11 pits have been dug in the past two weeks in Guayatayoc and sampled under the supervision of Dr Alonso. Another 13 will be completed in January 2017.
While the values above are not statistically significant they represent one of the lowest lithium to magnesium ratios in the lithium triangle. This means a lower cost of production.

Location of the Sample Pits

Sample pit 1 (6) – S23° 20.721′ W65° 51.169′
Sample Pit 2 (7) – S23° 21.167′ W65° 51.144′

Method
Phil Thomas, COO and Exploration Director and Marc Enright-Morin, CEO accompanied by local geologists visited the Guayatayoc Salar in November 2016 and conducted a sampling program.

Two one litre bottles were rinsed out in brine from the sample pit and were immersed by hand to the middle depth of the pit, which was about two metres by two metres wide and two metres in depth with brine depth about one metre. The sample bottles were immersed approximately 0.5 metre and filled and capped with no air in the bottle. The elevation was 3,410 metres.

The samples were given to Dr Alonso for analysis at the University of Salta and twin samples were sent to the Australian National Measurement Institute (“NMI”) in Sydney, Australia which is one of the highest rated analysis institutions in the world. It is responsible for Australian measurement standards. The results from University of Salta are outlined below. The results from NMI will be available in late January.

Sample Pit Two Analysis

Sample ID

Na %

Li %

B %

K %

Ca %

Mg %

SO₄⁼%

Cl- %

Density g/cm³

Residue %

pH

G Sample 1 (6) (Lag. Guayatoyoc)

12.36

0.025

0.088

0.764

0.068

0.036

1.18

18.49

1.20

34.86

7.54

G Sample 2 (7) (Lag. Guayatoyoc)

12.54

0.077

0.310

1.99

0.032

0.056

3.53

18.45

1.22

39.17

7.10

Commentary
Lithium values are in the range that would be considered exceptionally commercial.

Magnesium to lithium ratios of 0.72:1 and 1.44:1are excellent. Most salars are in the range 4:1-13:1. The traditional fractional crystallization technique uses one tonne of sodium sulphate for every tonne of magnesium to remove the magnesium. At prices between $175-$250 per tonne of sodium sulphate Guayatoyoc’s lower magnesium to lithium ratios will minimize processing costs.

Sodium values are lower than expected as the most common values in the lithium triangle are much higher. This may be due to the type of salar being a laguna rather than an enhedric closed style salar found in other parts of Argentina. The high boron values are to be expected as ulexite mining has taken place over the past 5 years and a thick layer (6-20cm) of ulexite was sampled in many places on the tenement. There is a strong correlation between high lithium values and high boron values. Orris, G.J., 2011, Deposit model for closed-basin potash-bearing brines: U.S. Geological Survey Open-File Report 2011–1283,11 p.

Potassium and sulphate show excellent values for the production of Potassium Sulphate, a valuable fertilizer (also known as SOP or sulphate of potash).

Phillip Thomas, COO said, “These are phenomenal results. We look forward to completion of trenching and further sampling to produce statistically significant values, and assist in the location of core drilling targets in the sub-acquifers on our tenements.”

Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM MAIMVA, CMV MCIM, 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 a 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 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.

On Behalf of the Board of Directors, Marc Enright-Morin, President

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.

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

December 22, 2016/in In the News /by AIS-H

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

November 30, 2016/in In the News /by AIS-H

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

November 8, 2016/in News Releases /by AIS-H

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

November 2, 2016/in News Releases /by AIS-H

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.

Posts

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