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AIS.V ·

A.i.s. Resources Announces Warrants Extension

Share Capital & Compensation

Page | 1

A.I.S. Resources Limited

1120 – 789 West Pender Street

Vancouver BC V6C 1H2 Canada

www.aisresources.com

A.I.S. RESOURCES ANNOUNCES WARRANTS EXTENSION

Vancouver, British Columbia May 8, 2023 – A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the “Company” or “AIS”)

announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 16,240,000 warrants expiring on

May 9, 2023. The share purchase warrants were issued pursuant to a private placement of 16,240,000 units accepted for

filing by the TSXV on April 5, 2022. The warrants will be extended for a period of one year until May 9, 2024. The exercise

price remains unchanged at $0.05.

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 lithium, gold,

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 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 9.9 km from Kirkland Lake’s Fosterville gold mine, a

60% interest in the 57 sq km Bright 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. AIS has further options to achieve a 7.5% royalty in Pocitos 1 and

Pocitos 2 lithium brine projects, a 20% equity interest in Pocitos 7 and 9 lithium brine projects and a 20% joint venture interest

with Spey Resources Corp. in the Incahuasi lithium brine project.

On Behalf of the Board of Directors,

A.I.S. Resources Limited

Martyn Element

President, CEO, Chairman

Corporate Contact

For further information, please contact:

Martyn Element

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.