A.I.S. Resources Options Pocitos 7 and 9 Lithium Licences in Argentina to C29 Metals Limited of the Australian Stock Exchange AIS’ Third Lithium Equity Royalty Stream
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Resources Options Pocitos 7 and 9 Lithium Licences in Argentina
to C29 Metals Limited of the Australian Stock Exchange
AIS’ Third Lithium Equity Royalty Stream
Vancouver, British Columbia, October 19, 2022 – A.I.S. Resources Limited ( TSX.V: AIS, OTCQB: AISSF ) (the
“Company” or “AIS”) announces that it has granted a 9 month option to C29 Metals Limited, listed on the
Australian Stock Exchange, (“C29”, ASX:C29) to explore the Pocitos 7 and 9 licences for lithium at the Pocitos
Salar in Argentina. This completes the commercial agreements for all the exploration licences (“Properties”)
AIS optioned from Ekeko SA in June 2021 on the Pocitos Salar.
C29 Option Agreement – Key Elements
Option Fees
US$25,000 first option fee per exploration licence payable on contract signing that permits 30 days
property title due diligence. AIS has provided the current environmental report to C29 and has received
the first option fee of US$50,000;
US$115,000 second option fee per exploration licence payable 30 days after the date the first option
fee was paid for each property, entitles the C29 to undertake a technical evaluation of the Properties
until March 30, 2023;
US$75,000 third option fee per licence payable after the technical evaluation is completed, payable
within 2 days of March 30, 2023;
Total potential option fees is USD$430,000 if both licences are purchased.
Purchase of 80% Interest
US$2.38 million (1400Has x US$1,700 per Ha) for an 80% interest in both licences payable June 30,
2023;
AIS retains a 20% interest in both licences;
C29 has the right to buy out AIS’s 20% interest at a price determined by the FOB lithium carbonate
price multiplied by 2% of the indicated and measured resource and 0.5% of the inferred resource of
the contained lithium carbonate equivalent (“LCE”).
Lithium Projects and Royalties Overview
Candela II, Incahuasi Salar
At Candela II, AIS has a 20% equity interest. Spey Resources Corp “(Spey”), has a production drilling program
planned for 1 st quarter 2023. Spey has the right to buy out AIS’s 20% interest for US$6 million assuming the
resource does not exceed 45,000 tonnes lithium metal equivalent or 239,000 LCE. If the resource exceeds
45,000 tonnes lithium metal equivalent Spey must pay an additional US$250,000 for each additional 5 tonnes
lithium metal equivalent.
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A.I.S. Resources Limited
Pocitos 1, Pocitos Salar
At Pocitos 1, Recharge Resources (“Recharge”) has commenced drilling a third well. Recharge optioned the
property from Spey which had earlier optioned the property from AIS. AIS retains a 7.5% royalty on lithium
carbonate sales.
Pocitos 2, Pocitos Salar
At Pocitos 2, Spey will commence drilling at the end of October 2022. AIS retains a 7.5% royalty on lithium
carbonate sales.
Yareta XIII, Cauchari Salar
AIS is seeking to option the Yareta XIII property in the Cauchari Salar and is reviewing expressions of interest.
Spey and Recharge both have signed off-take contracts with Richlink Capital Pty Ltd. for the supply of lithium
to two Richlink clients, which are large Chinese lithium product manufacturers. Both Spey and Recharge have
signed production contracts with DLE lithium chemical production company EkoSolve Limited (“EkoSolve”)
based in Australia (www.ekosolve.com.au).
About Ekosolve™
EkoSolve™ believes it can build and commission plants in two years assuming all regulatory approvals are in
place. The EkoSolve ™ process uses solvent exchange, which has an excellent ESG green footprint, does not
consume fresh water and 98.3% of the solvent is retained after each process cycle. EkoSolve™ recovers more
than 93% of contained lithium in the brines.
Fig 1. Recharge Resources drill rig operating at Pocitos 1.
Spey Resources Corp will commence drilling at the beginning of November 2022 at Pocitos 2.
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A.I.S. Resources Limited
Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol, MBM,
FAusIMM MAIG MAIMVA(CMV) who is a Qualified Person under the definitions established by the National
Instrument 43-101 and is a director of A.I.S. Resources Limited.
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%), a 40% interest
in the 58 sq km New South Wales Yalgogrin Gold Project, and 100% interest in the 167 sq km Kingston Gold
Project in Victoria Australia near Stawell and Navarre. AIS has a 20% joint venture interest with Spey Resources
Corp. in the Incahuasi lithium brine project in Argentina. AIS has further options to acquire four lithium
concessions in the Pocitos Salar and one lithium concession in the Cauchari Salar in Argentina. AIS has granted
the option to acquire the Pocitos 1 and 2 licences to Spey Resources by June 30, 2023. If exercised AIS will
retain a 7.5% royalty. AIS has granted an option to acquire an 80% interest in the Pocitos 7 and 9 licences to
C29 Resources by June 30, 2023.
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. Chairman
T: +1-604-220-6266
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.