A.I.S. Resources Sets New Path for Growth with Australian Gold Exploration Update and Board Appointment
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A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Resources Sets New Path for Growth with Australian Gold
Exploration Update and Board Appointment
Vancouver, British Columbia, September 12, 2024 – A.I.S. Resources Limited (TSX.V: AIS, OTC-
PINK: AISSF) (“AIS” or the “Company”) provides a corporate update regarding its ongoing gold
exploration initiatives in Australia.
With the recent rise in gold prices, AIS has renewed its focus on advancing its exploration efforts.
Over the next six months, the Company will assess previous exploration data and launch a
detailed exploration program across its Australian gold assets.
AIS' Key Gold Projects in Australia:
1. Fosterville-Toolleen Gold Project
o AIS holds a 100% interest in the 28 km² Fosterville-Toolleen Exploration License
(EL6001), located just 10 km east of Agnico Eagle’s renowned Fosterville gold mine.
o Promising drill targets have been identified at Toolleen, with geological characteristics
similar to the high-grade Fosterville mine.
2. Bright Gold Project
o AIS has a 60% stake in the 58 km² Bright Exploration License (EL6194), with the option
to acquire full ownership.
o The Company is currently reviewing results from its 2023 drill program and is
preparing to define additional high-potential drill targets.
3. Kingston Gold Project
o AIS holds a 100% interest in the 167 km² Kingston Exploration License (EL6318), which
includes a small-scale mine with a 50-meter vertical shaft.
o AIS will receive 15% of the revenue from gold sales generated from the Vendor's
mining activities outside of their prospecting license.
These three properties, totaling over 250 km², are located in the highly prospective Lachlan Fold
Belt in Central Victoria, often referred to as the “Golden Triangle.” According to the Geological
Survey of Victoria, up to 75 million ounces of gold may still be undiscovered in the region.
Leadership Update
AIS is also pleased to announce the appointment of Muhammad Memon to its Board of
Directors. Muhammad brings over 13 years of experience in finance and compliance for public
companies across various industries, including mining, real estate, and technology. He has a
wealth of expertise in financial reporting, corporate financing, investor relations, and regulatory
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A.I.S. Resources Limited
compliance. He is a Chartered Professional Accountant in Canada and a Fellow of the
Association of Chartered Certified Accountants in the UK.
Martyn Element, Chairman of AIS, stated, “We are excited to welcome Muhammad to our
board. His expertise will be key in supporting AIS as we continue to expand and pursue new
opportunities.”
At the same time, the Company announces the resignation of John McCleery from the Board of
Directors, effective August 23, 2024. We sincerely thank John for his valuable insights as the
Company evaluated its direction and wish him success in his future endeavors.
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. AIS
is guided by a seasoned team of engineers, geologists, and finance professionals with a proven
track record of success in capital markets.
On Behalf of A.I.S. Resources Limited
Andrew Neale
President & CEO
Corporate Contact
For further information, please contact:
Martyn Element, Chairman of the Board
T: +1-604-220-6266
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.