A.I.S. Resources Signs Kirkland Fosterville Contract Senior Exploration Geologist Denis Walsh to the Full-Time Position of Chief Geologist

A.I.S. Resources Signs Kirkland Fosterville Contract

Senior Exploration Geologist Denis Walsh to the Full-Time

Position of Chief Geologist

Vancouver, British Columbia, December 14, 2020 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or

"AIS") announces that it has appointed Senior Geologist Denis M . Walsh to the position of Chief Geologist of A.I.S

Resources Ltd. Previously Denis was the Senior Contract Exploration Geologist with Kirkland Lake Gold guiding a team of

up to 6 geologists exploring over 1,400sqkm regional exploration tenure surrounding Fosterville. The board of Directors

are delighted with this key ap pointment which is integral to the Company’s development and future at Fosterville -

Toolleen, Yalgogrin and Kingston properties.

Denis’s substantial experience includes 20 years at Yalgogrin EL5891, and the last 18 months focused at Kirkland Lake

Gold’s Fosterville operation. His recent role included identification, assessment and communication of targets and

programs to support formulation of significant forward-looking budgets and assist delivery of existing budget programs.

Work also involv ed drill tender preparations, prospect reviews, targeting criteria and budget data for tenement

applications. Typical duties also included targeting drillholes, planning and interpretation of deep (1km depth) drilling

program under 100m Murray Basin sedime nts utilizing partial leach soil geochemistry, geophysics datasets including

gravity, magnetics, IP, AEM and downhole geophysics. Assessment of programs involved structural logging, stratigraphic

interpretation/section reconstruction and multielement alter ation data review followed by integration of all geological,

geochemical and geophysical datasets.

Denis graduated from RMIT University, Melbourne with a Bachelor of Applied Science in Applied Geology in 1993. He is

a member of the Australian Institute of Geoscientists. Denis has deep experience exploring in the Lachlan Fold Belt

Victoria and NSW (gold, silver, copper, platinum, nickel/cobalt/scandium), New England NSW (Diamond s), Central

goldfields WA Norseman area (gold, nickel/copper/platinu m/palladium), Gawler Craton in SA (gold), Gippsland and

Otway basins in Victoria (geothermal), Cooper Basin and Gawler Craton in South Australia (geothermal), and Victoria and

Tasmania (environmental assessments).

CAPTION: Denis Walsh, former Senior Contract Exploration Geologist with Kirkland Lake Gold will be guiding the

exploration and development of AIS Resources’ drill -ready gold properties located in the world’s best addresses for high -

grade gold mines in the Lachlan Fold Belt.

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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 precious

and base metals exploration. AIS’s value add strategy is to acquire prospective exploration projects and e nhance their

value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of

its portfolio. The Company is managed by a team of experienced geologists, with a track -record of successful capital

markets achievements. In November 2020, AIS received TSXv approval to acquire the New South Wales Yalgogrin Gold

Project JV, the Fosterville-Toolleen Gold Project and the Kingston Gold Project in Victoria Australia.

Phillip Thomas

CEO

A.I.S. Resources ltd.

For further information, please contact:

Phillip Thomas, Chief Executive Officer

Tel: +1-747-200-9412

Email: [email protected]

Or

Martyn Element, Executive Chairman

Tel: +1-604-220-6266

Email: [email protected]

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. 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.