A.I.S. Resources Announces Financing

Since 1967

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

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A.I.S. Resources Announces Financing

Vancouver, British Columbia – July 22, 2020 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF)

(the “Company” or “AIS”) announces a non-brokered private placement of up to 37,350,000 units ("Units")

at a price of $0.02 per unit for gross proceeds of $747,000. (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 $0.08 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 $0.10 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. The Company may pay finders fees of up to 8% cash

and 8% finders warrants on a portion of the placement.

Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All securities

issued in connection with the Private Placement will be subject to a four-month hold period from the closing

date under applicable Canadian securities laws.

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.

For further information, please contact:

Phillip Thomas, Chief Executive Officer, AIS Resources Ltd.

Tel: +1-747 2009412

Email: [email protected]

Or

Martyn Element, Executive Chairman

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.