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A.i.s. Resources Announces Private Placment Financing and Amended Loan Financing

Financings Debt & Credit Facilities

A.I.S. Resources Limited

Suite 3500 – 1055 Dunsmuir Street

PO Box 49114

Vancouver BC V7X 1H7 Canada

T: +1-604-687-6820

www.aisresources.com

A.I.S. RESOURCES ANNOUNCES PRIVATE PLACMENT FINANCING AND AMENDED LOAN

FINANCING

Vancouver, British Columbia November 12, 2021– A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF)

(the “Company” or “AIS”) announces a non-brokered private placement of up to 5,000,000 common

shares ("Shares") at a price of $0.05 per Share for gross proceeds of $250,000 (the "Private Placement").

The proceeds will be used for general working capital and exploration of the Company’s gold projects in

Australia. The Company may pay finders fees of up to 8% cash and 8% finders warrants on a portion of

the placement.

Amended Loan Financing

Further to the Company’s news release of November 5, 2021 the Company has amended loan agreements

for Loans totaling $300,000 as follows:

The Loan amount has been increased to $350,000.

The Interest rate has been amended to 6% per annum from 3% per annum.

In lieu of 1,200,000 bonus shares the lenders shall receive 7 million Bonus Warrants subject to TSX Venture

Exchange approval. Each Bonus Warrant will entitle the holder to purchase one common share of the

Company at an exercise price of $0.05 per share for one year. The Bonus Warrants will be subject to a

trading hold period expiring four months from the date of issue, under applicable securities law.

Warrants Extension

The Company also announces that it intends, subject to TSX Venture Exchange approval, to extend the

term of 18,970,000 warrants expiring on December 1, 2021. The share purchase warrants were issued

pursuant to a private placement of 18,970,000 units accepted for filing by the TSXV on November 27,

2020. The warrants will be extended for a period of one year until December 1, 2022. The exercise price

remains unchanged at $0.10.

Option Grant

The Company has granted a total of 1,100,000 incentive stock options to various directors, 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 $0.05 per Share. The Options vested on

grant and will expire on November 12, 2026. The stock options granted are subject to the acceptance of

the TSX Venture Exchange.

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. AIS’ value add strategy is to acquire prospective exploration

projects and enhance their value by better defining the mineral resource with a view to attracting joint

venture partners and enhancing the value of our portfolio. The Company is managed by a team of

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A.I.S. Resources Limited

experienced geologists and investment bankers, with a track-record of successful capital markets

achievements.

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9km from Kirkland Lake’s

Fosterville gold mine, a 60% interest in the 58 sq km New South Wales Yalgogrin Gold Project (with the

right to acquire 100%), and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near

Stawell and Navarre. It also has joint venture interests with Spey Resources Corp in lithium brines in

Argentina at Incahuasi and Pocitos salars.

On Behalf of the Board of Directors,

A.I.S. Resources Ltd.

Phillip Thomas, President & CEO

Corporate Contact

For further information, please contact:

Phillip Thomas, Chief Executive Officer

T: +1-323 5155 164

E: [email protected]

Or

Martyn Element. Chairman

T: +1-604-220-6266

E: [email protected]

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. Although the Company believes that

the expectations reflected in these forward-looking statements are reasonable, undue reliance should not

be placed on them because the Company 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 forward-looking statements contained in this press release are made

as of the date hereof and the Company 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.