A.I.S. Resources Enters Option Agreement for Pocologan Copper-Gold-Silver Exploration Project, New Brunswick
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Resources Enters Option Agreement for Pocologan
Copper-Gold-Silver Exploration Project, New Brunswick
Vancouver, B.C. —May 4, 2026—A.I.S. Resources Limited (TSXV: AIS, OTC-Pink:
AISSF, FRA: 5YH) (“A.I.S.” or the “Company”) is pleased to announce it has entered
into an option agreement, granting A.I.S. the right to acquire 100% interest in the
Pocologan copper-gold-silver project, about 40 kilometres west of Saint John.
A.I.S. CEO, Marc Enright-Morin said, “During our time prospecting on our Saint John
project, the opportunity arose to acquire a new and promising discovery in the vicinity.
We see many synergies between the projects, and we are excited to increase our
presence in New Brunswick.”
Project Highlights:
Favourable geology: The Pocologan Project covers a structurally complex
terrane boundary setting considered favourable for IOCG, magmatic copper-
gold, and structurally controlled copper-silver-gold mineralization.
Multiple targets: Key targets include Pennfield Station–Pocologan River and
Red Head Harbour, where copper-gold-silver mineralization has been identified
in historical and optionor-supplied work.
Encouraging historical and optionor-supplied assays: Selected historical
and Optionor-supplied grab and outcrop samples reportedly returned values
ranging from below detection to 45 g/t Au, 0.11 to 314 g/t Ag, and 1.1 ppm to
15.1% Cu. These results are selective surface samples, and may not represent
average grade, true width, continuity, or economic potential.
Next steps: Planned work includes data verification, mapping, prospecting,
geochemical sampling, airborne and ground geophysics, target modelling, and
potential first-pass drilling.
Exposed outcrop 1
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
Pocologan outcrop near Highway 1
Rock chip with copper mineralization 1
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
Rock chip with copper mineralization 2
Geological Setting and History:
The Pocologan Project area is interpreted from Optionor compilation of historical
materials to host several early-stage copper-gold-silver target areas, including the
Pennfield Station-Pocologan River IOCG/magmatic copper-gold target, and the Red
Head Harbour copper-silver-gold target. The project is situated in a structurally
complex terrane boundary setting, that includes the Pocologan Mylonitic Suite and
related crustal-scale fault architecture, a geological environment the Company
considers favourable for iron oxide copper-gold (IOCG), magmatic copper-gold, and
structurally controlled copper-silver-gold mineralization.
Selected Optionor-supplied grab and outcrop samples from 2023 to 2025 returned
values ranging from below detection to 45 g/t Au, 0.11 to 314 g/t Ag, and 1.1 ppm to
15.1% Cu. These results are from selective surface samples and should not be
considered representative of average grade, continuity, true width, or economic
potential. The mineralization is described as chalcopyrite, bornite and tetrahedrite
associated with the Andys Pond Gabbro, where multiple kilometre-scale mineralized
trends have been interpreted from surface sampling and prospecting. These samples
were analyzed in Activation Laboratories (ACTLABS), and Agat Labs, both are
accredited laboratories in Canada, and have their own quality assurance / quality
control protocols.
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
The Red Head Harbour target includes an abandoned late-1800s copper mine on the
east side of Red Head Cove, reportedly reopened in 1917, where pyrite and
chalcopyrite occur in a schistose felsic volcanic or xenolithic host within Precambrian
granodiorite of the McCarthy's Point pluton. Historical sampling in 1990 as reported in
New Brunswick government assessment / mineral occurrence records reportedly
returned 1.11% Cu from outcrop at the old shaft and 3.74% Cu from outcrop
approximately 70 m southeast of the shaft. Prospecting in 2024-2025 reportedly
confirmed copper mineralization at the historical mine area and identified additional
mineralized outcrops approximately 1.7 km along strike to the southeast, with four
selected 2025 outcrop samples returning values greater than 1% Cu to a high of 4.06%
Cu; two of those samples also reportedly returned 31 ppm Ag and 33 ppm Ag.
The Company cautions that the above results are from selective historical and/or
Optionor-supplied outcrop and prospecting samples, which may not be representative
of the average grade or true width of mineralization. The Company has not yet
completed sufficient work to verify continuity, grade, width, tonnage, or the economic
significance of the reported mineralization. A.I.S. has completed a limited due diligence
sampling for which the results will be released as soon as available. The Company also
intends to complete systematic field sampling on the Property as part of its 2026
exploration program.
Rock chip with copper mineralization 3
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
Additional Information Regarding Transaction Terms:
The Company may acquire 100% interest in the Pocologan Project by making the
following payments:
(i) An Option Payment consisting of $30,000 cash upon signing of the Agreement
and $30,000 worth of A.I.S.’ common shares within 5 business days following TSX-V
Exchange acceptance;
(ii) An Option Payment consisting of $30,000 cash and $30,000 worth of A.I.S.’s
common shares on or before each of the 1 st through 4th year anniversary of signing
the Option Agreement.
The Company can pay cash instead of issuing common shares. The price of the
common shares to be issued will be volume weighted average price and shall not be
less than $0.09.
The Optionor will retain a 2% NSR after A.I.S. acquires 100% interest in the
Pocologan Project. The Company will have the right of first refusal to purchase 50%
of the retained NSR (1% NSR) by paying the Optionor a cash amount of $1,000,000
cash (or an agreed amount of cash/shares).
A.I.S. is at arms’ length to the Optioner.
About the Pocologan Project
The Pocologan Project is an early-stage, district-scale copper-gold-silver exploration
project focused on IOCG/magmatic copper-gold, and structurally controlled copper-
silver-gold targets. Vendor compilation materials identify several target areas,
including Pennfield Station-Pocologan River and Red Head Harbour, where surface
prospecting has outlined copper, gold and silver mineralization associated with
gabbroic, granodioritic and altered/sheared host rocks. The project remains at an early
exploration stage, and requires systematic verification, mapping, sampling and
geophysical work before any conclusions can be made regarding continuity or
economic potential.
The project covers approximately 21.5 km² in New Brunswick, Canada, an established
Canadian mining jurisdiction. Located just 40 km west of Saint John, New Brunswick
and 50 km from the U.S. border, the project benefits from exceptional infrastructure,
including highways, rail, deep-water port, power stations, and a skilled local workforce.
Next Steps:
A.I.S. plans to begin with compilation and verification of historical and Optionor-
supplied geological, geochemical and geophysical data, followed by a phased field
program designed to confirm the reported copper-gold-silver occurrences and
prioritize drill targets.
The proposed 2026 exploration work program may include: (i) airborne magnetic and
VLF electromagnetic survey; (ii) prospecting and detailed geological mapping of the
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
known Pennfield Station-Pocologan River and Red Head Harbour occurrences; (iii)
systematic channel and grab sampling of mineralized outcrops, old workings, shear
zones, alteration zones and intrusive contacts; (iv) soil and/or till geochemical
sampling over covered extensions of mineralized trends; (v) ground geophysical
surveys, which may include magnetic and induced polarization/resistivity surveys, to
define magnetite-rich, sulphide-bearing and structurally controlled targets; (vi) target
modelling and prioritization; and (vii) subject to results and permitting, a first-pass
diamond drilling program to test the most compelling geochemical, geophysical and
geological targets.
The exploration program will be refined following completion of due diligence, land
access review, permitting requirements and consultation with applicable stakeholders
and regulatory authorities.
Technical information in this news release has been reviewed and approved by Afzaal
Pirzada, P.Geo., V.P. of Exploration, who is a Qualified Person under the definitions
established by National Instrument 43-101. The Qualified Person has reviewed the
vendor-supplied presentation materials referenced herein; however, the Company has
not yet completed sufficient independent verification of all historical and vendor-
supplied assay data. Reported sample results are selective in nature and should not
be considered representative of the average grade or true width of mineralization on
the project.
Debt Settlement
The Company is pleased to announce that it has received the TSX-V Exchange
acceptance for the settlement of outstanding fees to directors and officers. The
Company will be issuing an aggregate of 7,186,091 common shares to settle an
aggregate amount of $503,026.40.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture
Exchange. The company focuses on natural resource opportunities, aiming to unlock
value by acquiring early-stage projects and providing the necessary technical and
financial support to develop them. A.I.S. is guided by a seasoned team of engineers,
geologists and finance professionals with a proven record of success in capital markets.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin, CEO
Corporate Contact
For further information, please contact:
Marc Enright-Morin, CEO
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
T: +1-778-892-5455
Website: www.aisresources.com
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.