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A.I.S. Resources Closes Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 7,100,000 units (“Units“) at $0.05 per unit for gross proceeds of $355,000, (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company will pay no finders fees in relation to the Private Placement. The Common Shares issued pursuant to the Private Placement and the exercise of the warrants will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

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
A.I.S. Resources Ltd. a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: 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 Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces a non-brokered private placement of up to 7,100,000 units (“Units“) at a price of $0.05 per unit for gross proceeds of $355,000. (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company may pay finders fees of up to 7% cash and 7% finders warrants on a portion of the placement. 

The Private Placement is subject to acceptance by the TSX Venture Exchange.

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
A.I.S. Resources Ltd. a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: 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 Commences Shipping Manganese for Export from Peru

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced todaythat the Company has commenced its manganese shipping operations in Peru with a trial shipment of 150 tonnes manganese ore being readied to be trucked to Lima Port Callao the week of July 8, 2019.

 The Highlights of the Manganese Ore Sales Activities include:

  • A contract has been signed with the miner to buy 2,000 tonnes of manganese ore with samples from the mined ore averaging 45% MnO – as independently tested by internationally respected laboratory Centamin.
  • Terms of the purchase of the ore are 50% when trucking commences, and 50% when the assay is completed on each one tonne super bag received in our storage area. The Company has paid a 50% deposit for 1000 tonnes manganese ore.
  • Logistics and shipping contracts have been signed for an initial 6 containers per week (150 tonnes) for three weeks, then continuing with 40 containers per week (1,000 tonnes).
  • AIS is negotiating sales agreements with several purchasers for its high-grade fines manganese product.
  • AIS has a signed Offtake Letter of Intent with a division of China Minmetals for up to 40,000 tonnes of manganese ore per month.

Figure 1. shows 40 tonnes of manganese loaded as part of the first 150 tonnes to be trucked the week of July 8, 2019.

Figure 2. shows a significant number of the local community is participating in the loading operation. Next week they will load six trucks for the journey to Lima Port Callao.

AIS Resources President and CEO, Phillip Thomas stated,“I am delighted we have commenced shipping manganese ore and have signed all our logistics agreements. The trucking company is expected to start moving ore in the one tonne tuff bags the week of July 8, 2019. This will provide positive cashflow for AIS Resources operations. We will then focus on expanding our production to up to 10,000 tonnes per month.”

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders.The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1 604 687 6820
E: melement@aisresources.com

Website: 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 Commences Manganese Export from Peru

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announced today that the Company has commenced its manganese trading operations in Peru. The highlights include:

  • A contract has been signed with the miner and a deposit paid to buy 2,000 tonnes of Manganese Ore with samples from the mined ore averaging 45% MnO.
  • Terms of the purchase of the ore are 50% for 1,000 tonnes when trucking commences, and 50% when the assay is completed on each one tonne super bag received in our storage area.
  • A logistics and shipping contract has been negotiated for an initial 2 containers per week (50 tonnes) for three weeks, then continuing with 40 containers per week (1,000 tonnes). In Peru, customs officials typically only examine the first three shipments meaning the Company will incur examination fees on the first six containers only.
  • Container ships arrive every Tuesday and depart on Thursday, and carry up to 6,000 containers at a time, which are loaded in 48 hours.
  • A storage site outside Lima has been rented and the containers will be loaded with quality and quantity certificates issued by international surveyors SGS.
  • Buyer contracts in China will be finalized this week.

The Peruvian operation is being staffed by a General Manager, Mining and Quality Engineer, and Logistics Control Manager, with additional staff being added as required. During the week trenching and detailed geological mapping was completed on the El Zorro deposit. Due diligence work on other manganese deposits was also completed at the same time. AIS Resources is negotiating an offer to acquire an interest in the Sangal property. Surface mining on Sangal could commence immediately upon signing an agreement. Several other properties near main ports are being explored in the north and south of Peru.

Demand for Manganese in Steel and Lithium Battery Industries

  • Manganese is a critical and irreplaceable element used in steel production, and accounts for 80-85% of demand at the moment;
  • The steel industry is poised for continued growth, providing a steady source of demand for manganese. The metal is used in stainless steel, in military helmets, and in Hadfield steel.
  • Significant additional upside will come from clean-energy applications;
  • Electric vehicle batteries use manganese as a component of the cathode and electrolyte.
  • A Lithium ion manganese oxide battery (LMO) is a lithium ion cell that uses manganese dioxide, MnO2, as the cathode material. Cathodes based on manganese-oxide components are earth-abundant, inexpensive, non-toxic, and provide better thermal stability thus demand continues to grow.
  • Vertically-integrated companies will be the primary forward momentum drivers in the manganese industry.
  • Lithium and cobalt have been on an absolute tear, riding the wave of Tesla and the broader electric revolution. Manganese metal also used widely as a battery component is poised for increased investor interest as demand is set to outpace supply.
  • The production of aluminum alloys, accounts for the second-largest application of manganese. Aluminum alloy with manganese has increased corrosion resistance, thus, its widespread use for beverage cans.
  • The production of unleaded gasoline requires manganese as methylcyclopentadienyl manganese tricarbonyl to reduce engine knocking and increase octane rating.
  • The manufacture of chlorine and oxygen uses manganese, and drying black paints uses manganese dioxide (MnO2).

The Mn ore benchmark Brazil traded on 17 June 2018 at 48.50 Yuan per DMTU for manganese between 44-45%Mn, which equates at 43% to USD$7.02 CFR or USD $301.86 per tonne.

Fig 1. 2,000 tonne stockpile of 44% Manganese ore

Fig 2. Manganese ore ready to be mined in one of six areas of the mine.

AIS Resources President and CEO, Phillip Thomas stated, “I am delighted at the rapid progress we’ve made securing the first 2,000 tonnes with a well-organized, credible miner. We’ve also recruited a general manager, mine engineer and contracted a logistics company. The grade and size of the manganese is better than expected at this early stage and we look forward to exporting in the coming weeks. The trucking company is expected to start moving ore in one tonne tuff bags next week. This will provide a growing cashflow for AIS Resources in a growing sector that has considerable potential for upside and won’t experience the volatility of other metals such as cobalt. This strategy of trading and mining manganese underpins our future development and will reduce our reliance on capital raising. In the near future we will acquire mines and start our own mining operations to gain security of production”.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, is managed by experienced, highly qualified professionals who have a long track record of success in lithium and manganese trading, exploration, production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the mining and trading of manganese ores in Peru and exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1 604 687 6820
E: melement@aisresources.com

Website: 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 Closed Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of 7,901,000 units (“Units“) at $0.05 per unit for gross proceeds of $395,050, (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given.The Company will pay finders fees totaling$1,440 and issue 28,800 finders warrants. The Common Shares issued pursuant to the Private Placement and the exercise of the Warrants will be subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders.The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese mining and trading venturein Peru.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: 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 Updated Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) further to the Company’s news release of April 12, 2019 AIS has updated the non-brokered private placement to 7,901,000 units (“Units“) at a price of $0.05 per unit for gross proceeds of $395,050. (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. The Company may pay finders fees of up to 8% cash and 8% finders warrants. 

The Private Placement is subject to acceptance by the TSX Venture Exchange.

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
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese project in Peru.  

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: +1-747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: +1-604 687 6820
E: melement@aisresources.com

Website: 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 $350,000 Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce a non-brokered private placement of up to 7,000,000 units (“Units“) at a price of $0.05 per unit for gross proceeds of $350,000. (the “Private Placement“). The proceeds will be used for general working capital purposes.

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share provided that if the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given.The Company may pay finders fees of up to 8% cash and 8% finders warrants.

The Private Placement is subject to acceptance by the TSX Venture Exchange.

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
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders.The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese project in Peru. 

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: 604 687 6820
E: melement@aisresources.com

Website: 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 Negotiates Manganese Resource in Northern Peru

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that consistent with its strategy to acquire battery material projects, it has sourced a deposit of manganese with high concentration. A Letter of Intent has been exchanged with the resource owner and negotiations are proceeding to secure an extraction agreement based on a royalty payment. Legal due diligence has been completed.

Phil Thomas, CEO and Director of Exploration visited Peru recently and was able to inspect a number of manganese properties in the south and north of Peru. This project is located approximately 300km north of Trujillo in the north, where the Salaverry Port will be used for shipping.

Figure 1Shows footbridge over river in foreground and one of three black manganese bodies with road access at centre left.

Phil Thomas CEO said that, “We are delighted to find a high grade manganese property that has excellent mine road access, good power and water supply, and sealed roads just 3km from the project. The very pro-mining community is 5km from the mine. The project currently has a mining permit for 350 tonnes per day but in the near future we will apply for permits to increase this tonnage. Five grab samples were taken from the three main bodies and we expect the ICP analysis to be available in the next few days from Alex Stewart in Lima, Peru”.

Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is Chief Executive Officer and a shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: 604 687 6820
E: melement@aisresources.com

Website: 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 Guayatayoc Mina Lithium Project, North Argentina Option Agreement Extended

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that its Guayatayoc option agreement has been extended to June 15, 2019 at no additional cost to AIS.  The extension was granted as a result of the UGAMP meeting being deferred until such time as the President of the Rincondillas Community signs the Assembly document which was a Department of Mining pre-requisite for the meeting.

Our team in Jujuy will continue dialogue with the Rincondillas Community to respond to their queries and resolve concerns preparatory to signing the Assembly document and scheduling the UGAMP meeting.

We have provided the Jujuy Department of Mining with the results of our base line environmental study that monitored air, water and soil in the locations they indicated. The results of the surface water testing were very encouraging with commercial grades of lithium concentrated. The table below sets out the values of the samples taken from Guayatayoc Mina.

Sample No

 lithium ppm Boron

Potassium ppm

MS 1

213 128 4907

MS 2

441 14138

8143

MS 3 418 666

9468

Note 1. These lithium values are above the benchmark values of being commercially viable.

Note 2. The potassium lithium ratio rule of thumb is 1:15 i.e. 10,000ppm of K indicates rates of approximately 660ppm Li.

Figure 1 – Sampling surface water.

Figure 2 – Surface water.

Phil Thomas CEO said that, “We were very appreciative of the concession that Ekeko SA has made to extend our option from March 31, 2019 to June, 15 2019.  The team in Jujuy are very hopeful that all the outstanding issues can be resolved and we can move on to the next three drill holes to progress this exciting lithium brine project.  We remain the only option holder with a Mining Permit in the salar”.

Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is Chief Executive Officer and a shareholder.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: 604 687 6820
E: melement@aisresources.com

Website: www.aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

A.I.S. Resources Amends News Release Announcing Closing of $710,000 Financing

Vancouver, British Columbia – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) wishes to amend its news release dated February 26, 2019 in which it announced the closing of its $710,000 non-brokered private placement.

Finders warrants have been amended from 8,000 finders warrants to 10,667 finders warrants.

About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration and development of lithium brine projects in northern Argentina.

On Behalf of the Board of Directors, AIS Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
Phillip Thomas
President & CEO
T: 747 200 9412
E: pthomas@aisresources.com

Martyn Element
Chairman
T: 604 687 6820
E: melement@aisresources.com

Website: 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.