A.i.s Resources Guayatayoc Mina Lithium Project, North Argentina Option Agreement Extended
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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A.I.S RESOURCES GUAYATAYOC MINA LITHIUM PROJECT,
NORTH ARGENTINA OPTION AGREEMENT EXTENDED
Vancouver, British Columbia – March 14, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) is pleased to announce that its Guayatayoc option agreement has
been extended to June 15, 2019 at no additional cost to AIS. The extension was granted as a
result of the UGAMP meeting being deferred until such time as the President of the Rincondillas
Community signs the Assembly document which was a Department of Mining pre-requisite for
the meeting.
Our team in Jujuy will continue dialogue with the Rincondillas Community to respond to their
queries and resolve concerns preparatory to signing the Assembly document and scheduling the
UGAMP meeting.
We have provided the Jujuy Department of Mining with the results of our base line environmental
study that monitored air, water and soil in the locations they indicated. The results of the surface
water testing were very encouraging with commercial grades of lithium concentrated. The table
below sets out the values of the samples taken from Guayatayoc Mina.
Sample No lithium ppm Boron Potassium ppm
MS 1 213 128 4907
MS 2 441 14138 8143
MS 3 418 666 9468
Note 1. These lithium values are above the benchmark values of being commercially viable.
Note 2. The potassium lithium ratio rule of thumb is 1:15 i.e. 10,000ppm of K indicates rates of
approximately 660ppm Li.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Fig 1. Sampling surface water
Fig 2. Surface water
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Phil Thomas CEO said that, “We were very appreciative of the concession that Ekeko SA has
made to extend our option from March 31, 2019 to June, 15 2019. The team in Jujuy are very
hopeful that all the outstanding issues can be resolved and we can move on to the next three
drill holes to progress this exciting lithium brine project. We remain the only option holder with
a Mining Permit in the salar”.
Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under
NI 43-101 regulations, has reviewed the technical information that forms the basis for this news
release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company
as he is Chief Executive Officer and a shareholder.
About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed
by experienced, highly qualified professionals who have a long track record of success in lithium
exploration, production and capital markets. Through their extensive business and scientific
networks, they identify and develop projects worldwide that have strong potential for growth with
the objective of providing significant returns for shareholders. The Company’s current activities
are focused on the exploration and development of lithium brine projects in northern Argentina.
On Behalf of the Board of Directors, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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ADVISORY: This press release contains forward-looking statements. More particularly,
this press release contains statements concerning the anticipated use of the proceeds of
the Private Placement. Although the Corporation believes that the expectations reflected
in these forward-looking statements are reasonable, undue reliance should not be placed
on them because the Corporation 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 intended use of the proceeds of
the Private Placement by the Corporation might change if the board of directors of the
Corporation determines that it would be in the best interests of the Corporation to deploy
the proceeds for some other purpose. The forward-looking statements contained in this
press release are made as of the date hereof and the Corporation 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.