A.i.s Resources Negotiates Manganese Resource IN Northern PERU
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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A.I.S RESOURCES NEGOTIATES
MANGANESE RESOURCE IN NORTHERN PERU
Vancouver, British Columbia – March 27, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) is pleased to announce that consistent with its strategy to acquire
battery material projects, it has sourced a deposit of manganese with high concentration. A Letter
of Intent has been exchanged with the resource owner and negotiations are proceeding to secure
an extraction agreement based on a royalty payment. Legal due diligence has been completed.
Phil Thomas, CEO and Director of Exploration visited Peru recently and was able to inspect a
number of manganese properties in the south and north of Peru. This project is located
approximately 300km north of Trujillo in the north, where the Salaverry Port will be used for
shipping.
Fig 1 – Shows footbridge over river in foreground and one of three black bodies with road access
at centre left.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Phil Thomas CEO said that, “We are delighted to find a high grade manganese property that has
excellent mine road access, good power and water supply, and sealed roads just 3km from the
project. The very pro-mining community is 5km from the mine. The project currently has a
mining permit for 350 tonnes per day but in the near future we will apply for permits to increase
this tonnage. Five grab samples were taken from the three main bodies and we expect the ICP
analysis to be available in the next few days from Alex Stewart in Lima, Peru”.
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
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Chairman
T: 604 687-6820
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.