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A.I.S. Resources Signs Definitive Agreement for Yalgogrin Advanced Gold Project, West Wyalong, NSW Australia

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company has signed the definitive agreement (the “Agreement”), to acquire the Yalgogrin advanced gold project (the “Project”).

A.I.S. Resources Announces Grant of Option

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company has granted a total of 1,550.000 incentive stock options to various directors of the Company in accordance with the Company’s stock option plan.

A.I.S. Resources Provides an Update on Its Advanced Kingston Gold Project Located Adjacent to Navarre Minerals in Victoria’s Golden Triangle in Australia

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) provides an update on its new Kingston Gold Project. This advanced gold project is located in Victoria’s Golden Triangle in Australia and encompasses two areas – the North Kingston EL and the Ararat EL under one exploration licence number EL006318. The Ararat EL is adjacent to Navarre Minerals (ASX: NML) and Stavely Minerals (ASX: SVY).  The North Kingston EL is surrounded by Providence Gold and Navarre Minerals.

A.I.S. Resources Announces Grant of Option to Acquire Kingston Gold Project, Victoria Australia

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) today announced the Company has been granted an option (the “Option”) to formalize a sale and purchase agreement in respect of the Kingston Gold Project near Navarre, in north-western Victoria, Australia.

A.I.S. Resources Announces Plans to Fast Track Its Fosterville-Toolleen Gold Project Drilling Program

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) (the “Company” or “AIS”) announces management’s plans to fast track its drilling program on the Company’s new Fosterville-Toolleen Gold Project the (Project), located only 12 km from Kirkland Lake’s 7.58 Moz Au Fosterville Gold Mine in Victoria, Australia.

A.I.S. Resources Verifies Assay Results and Completes Review of West Wyalong Advanced Gold Project in Australia

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that review of the Yalgogrin Orogenic Gold Project (the “Project”), has been completed with a three-day project inspection of the historic mines and geology on ELA6030 and EL5891. Twelve drill core samples from EL5891 have been verified as correct and show a strong correlation.

A.I.S. Resources Announces Grant of Options

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company has granted a total of 2,465,000 incentive stock options to various directors, officers, employees, and consultants of the Company in accordance with the Company’s stock option plan. Each Option is exercisable into one common share of the Company at a price of $0.07 per Share being the closing price of the Shares on the TSX Venture Exchange on August 25, 2020. The Options vested on grant and will expire on August 25, 2025.The stock options granted are subject to the acceptance of the TSX Venture Exchange.

About A.I.S. Resources Limited
A.I.S. Resources Ltd. is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals. AIS has been involved in manganese trading from mines in Peru. In July-August 2020, AIS entered into agreements to acquire and develop the Tooleen-Fosterville Gold Project in Victoria Australia and the Yalgogrin Gold Project in central New South Wales, Australia.

Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-747-200-9412
E: pthomas@aisresources.com
Or
Martyn Element. Chairman
T: +1-604-220-6266
E: melement@aisresources.com

Website: www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A.I.S. Resources Signs Binding LOI to Acquire the Toolleen-Fosterville Gold Project EL006001

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that on August 24th, 2020 the Company entered into a Binding Letter of Intent (“LOI”) with Providence Gold and Minerals Pty Ltd (“PGM”), to acquire the Toolleen-Fosterville Gold project (the “Project”) located 3 km from the township of Toolleen and 12 km from the Kirkland Lake Fosterville gold mine. The Project is situated on freehold land and has no native title claim.

Fig 1 – The newly announced 26 sq. km. Toolleen-Fosterville Project shown in yellow is conveniently located only 42 miles from Bendigo, and 12 km from the 7.58 Moz Au Fosterville Gold Mine.

Close to the 7.58Moz. Gold Fosterville Mine
AIS President & CEO, Phillip Thomas commented, “With the Toolleen-Fosterville Project’s close proximity to the 7.58 Moz. goldFosterville Mine(Kirkland Lake Gold–KL-NYSE) we are in good company. To be able to acquire a property with an open cut mine, free gold on the surface, substantial geological work and evidence of quartz augurs well. Other explorers around our new project include: Fosterville South Exploration (FSX-V), Nubian Resources (NBR-V), Catalyst Metals (CYL-AX), and Petratherm Limited (PTR-AX). The Project area, which is adjacent to the recently lifted exploration moratorium area, is located within the Bendigo-Ballarat Zone of the Palaeozoic Lachlan Fold Belt of eastern Australia and the greenstone corridor running north south. The gravity survey shows highly prospective areas. The experience at Fosterville and Bendigo suggests that the shallow gold mineralisation may be indicative of high-grade shoots that can be mined by underground methods. This exploration project is a perfect addition to the AIS Resources’ more advanced exploration stage Yalgogrin Gold Project. The Company is finalizing definitive agreements for the Yalgogrin and Toolleen-Fosterville Gold Projects and is looking forward to executing its exploration plans in Australia.”

Toolleen-Fosterville Project Acquisition Terms
Under the terms of the LOI, AIS Resources will acquire 100% interest in the Project, by paying AU$375,000 (CAD$356,250) and issuing AIS shares equal to AU$375,000 (CA$356,250) to the Vendor, PGM. A 1% NSR is payable on all gold production. The Acquisition is expected to occur by September 14, 2020 and is subject to the receipt of all necessary approvals and all conditions having been satisfied or waived with respect to the terms of the LOI including the approval of the TSX Venture Exchange.

The vendor’s geologist, Dr. Rodney Boucher, a pre-eminent Geologist with over 25 years experience in central Victoria geology will be assisting in the handover and future work on the Project. Several prospectors have been on the EL tenement ground and surrounding tenements and have recovered surface gold.

Fig 2 (L) – Open cut mine on the northern extent of the property • Fig 3 (R) – Dr. Boucher (foreground) inspecting the surface scree while discussing paleochannel and reef evidence with Tom Burrowes of PGM.

Local Geology Prospective for Gold Deposits
The Toolleen Gold Zone was mined underground until 1957 with a reported 7,000 tonnes @ 10g/t Au being produced from the top 60 metres. Willman (2007) showed that the best mineralisation at both Bendigo and Castlemaine was found a few kilometres into the hanging walls of major faults thus, these areas of shallow cover are both prospective and easy to explore. PGM had previously discovered the Four Eagles project operated now by Catalyst Metals in the hanging wall in a similar position. The Mt William Fault transects the tenement in a north-west south-east direction.

Fig 4 (L) – Gold nuggets recovered from one of the farms on EL6001 • Fig 5 (R) – Angular reef quartz and rounded glacial quartz scree of Permian glacial origin.

The Lachlan fold belt has been subdivided into eight zones based on age, rock types and structural history (Grey, 1988). The Permian glaciation is evidenced by small subsurface and locally outcropping occurrences of glacigene sediments that provide evidence of the glaciation. This occurred in eastern Australia during the lower Permian affecting the Toolleen area. Fluvio-glacial and glacial sediments crop out poorly and tend to be preserved in down faulted blocks or have been reworked into younger deposits. EL006001 is east of the Mt William fault.

Fluvial sediments have reworked Palaeozoic reef quartz and gold along with Permian glacial clasts into ancient rivers that criss-cross the tenement during the Cenozoic. Fosterville is unique in the region as it represents a large North striking West dipping fault reef up to 20 metres wide and eight kilometres long hosting rich gold reefs with finely disseminated gold. . Fosterville was attractive due to the arsenopyrite-hosted, fine disseminated folding (even though it wasn’t unique with similar mineralisation at Nagambie & Bailieston and even in small parts of Bendigo and Daylesford), but has become famous for the abundant nuggetty gold.

At the deposit scale, high-angle secondary reverse faults and dilational cross structures served as conduits for the mineralising fluids. In addition to the fault-controlled mineralisation, where accommodation occurs at the apexes of tight fold hinges, mineralisation can occur as stacked ‘saddle’ or ‘trough’ reefs as commonly seen within the Bendigo area.

Fig 6 – Faults and block movements in the Toolleen and surrounding area.

Technical information in this news release has been reviewed and approved by Phillip Thomas, CEO of AIS, who is a Qualified Person under the definitions established by the National Instrument 43-101.

About A.I.S. Resources Limited
AIS Resources Ltd. is a publicly traded investment issuer listed on the TSX Venture Exchange focussed on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals. AIS has been involved in manganese trading from mines in Peru. In July 2020, AIS entered into an agreement to acquire and develop the Yalgogrin Gold Project in central New South Wales, Australia.

A.I.S. Resources Ltd.
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-747 200 9412
E: pthomas@aisresources.com
Or
Martyn Element, Executive Chairman
T: +1-604 687 6820
E: melement@aisresources.com
Website: www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 Debt Settlement

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has entered into a debt settlement agreement to settle $117,046 USD in debt owing to Energold Argentina SA. 

Under the terms of the debt settlement agreement AIS will pay $75,000 USD in cash and issue 143,463 common shares having a market value of $5,000 USD ($6,599 CAD) to Energold. The deemed price of the 143,463 common shares is $0.046 per share which was calculated by using the volume weighted average closing share price on the last 5 trading days prior to the date of this news release.

The issuance of the shares is subject to TSXV acceptance.

About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals.  AIS has been involved in manganese trading from mines in Peru. In July 2020, AIS entered into an agreement to acquire and develop the Yalgogrin Gold Project in central New South Wales, Australia.

Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-747-200-9412
E: pthomas@aisresources.com
Or
Martyn Element. Chairman
T: +1-604-220-6266
E: melement@aisresources.com

Website: www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A.I.S. Resources Announces Closing of Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has closed its non-brokered Private Placement of 27,833,333 Units of the Company for gross proceeds of to $835,000. 

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 $0.08 per common share. If the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are listed or quoted is equal to or greater than $0.10 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. No finders fees are payable with respect to this placement.

Closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange. All securities issued or issuable in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.

The proceeds will be used for acquisition and exploration of the Yalgogrin Project and general working capital purposes.

Certain directors and officers are expected to participate in the Private Placement. Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The related party transaction will be exempt from minority approval, information circular and formal valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the gross securities to be issued under the Private Placement nor the consideration to be paid by the insiders will exceed 25% of the Company’s market capitalization. A material change report will be filed less than 21 days before the closing date of the transactions contemplated by this news release. The Company believes this shorter period is reasonable and necessary in the circumstances.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About A.I.S. Resources Limited
A.I.S. Resources Limited. is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals.  AIS has been involved in manganese trading from mines in Peru. In July 2020, AIS entered into an agreement to acquire and develop the Yalgogrin Gold Project in central New South Wales, Australia.

Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-747-200-9412
E: pthomas@aisresources.com
Or
Martyn Element. Chairman
T: +1-604-220-6266
E: melement@aisresources.com

Website: www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.