A.I.S. Resources Announces Debt Settlement

Since 1967

TSX-V: AIS A.I.S. Resources Limited

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A.I.S. Resources Announces Debt Settlement

Vancouver, British Columbia – August 21, 2020 – A.I.S. Resources Limited (TSX-V – 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.

For further information, please contact:

Phillip Thomas, Chief Executive Officer

Tel: +1-747-200-9412

Email: [email protected]

Or

Martyn Element, Executive Chairman

Tel: +1-604-220-6266

Email: [email protected]

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.