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AIS.V ·

A.i.s. Resources Ultratrace Soil Program Results at Fosterville-Toolleen GOLD Project Substantially Increases Confidence ON NEXT Phase of Drilling

Exploration Programs

A.I.S. Resources Limited

Suite 3500 – 1055 Dunsmuir Street

PO Box 49114

Vancouver BC V7X 1H7 Canada

T: +1-604-687-6820

www.aisresources.com

A.I.S. RESOURCES ULTRATRACE SOIL PROGRAM RESULTS

AT FOSTERVILLE-TOOLLEEN GOLD PROJECT SUBSTANTIALLY INCREASES

CONFIDENCE ON NEXT PHASE OF DRILLING

Vancouver, British Columbia December 16, 2021– A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the

“Company” or “AIS”) announces its ULTRATRACE soils analysis program results at the Fosterville-Toolleen

project have reconfirmed the prospectivity of the drill targets.

Phil Thomas, CEO commented, “Analysis was conducted for gold, arsenic, copper, lead and eight other

elements and they were all present along the litho-boundaries and target zones to be drilled. This means

our drill program to commence in early 2022 will aim to define the presence of gold in the Ordovician

rocks. These spatially associated multielement results suggest that the source is potentially related to

primary gold occurrence in the oldest Ordovician rocks where the minerals form rather than the younger

secondary deposits. The presence of paleochannel gold deposits is also a real possibility, which will be

incorporated into the exploration program.”

Fig. 1 The red and yellow dots show the gold trend along the faults/lithoboundaries shown as black

dashed lines.

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A.I.S. Resources Limited

Fig. 2 The red and yellow dots show the copper soils trend along the faults/lithoboundaries shown as

black dashed lines.

Martyn Element, Chairman of AIS stated, “We are pleased that evidence is continuing to accumulate

that we are getting even closer to our intended target especially with the presence of gold in the latest

analysis.”

Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol

FAusIMM MAIG MAIMVA(CMV) who is a Qualified Person under the definitions established by the

National Instrument 43-101.

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’ 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.

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A.I.S. Resources Limited

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9km from Kirkland Lake’s

Fosterville gold mine, a 60% interest in the 58 sq km New South Wales Yalgogrin Gold Project (with the

right to acquire 100%), and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near

Stawell and Navarre. It also has joint venture interests with Spey Resources Corp in lithium brines in

Argentina at Incahuasi and Pocitos Salars.

On Behalf of the Board of Directors,

A.I.S. Resources Ltd.

Phillip Thomas, President & CEO

Corporate Contact

For further information, please contact:

Phillip Thomas, Chief Executive Officer

T: +1-323 5155 164

E: [email protected]

Or

Martyn Element. Chairman

T: +1-604-220-6266

E: [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. 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.