A.I.S. to Focus Efforts on Gold Exploration in Australia
1 | P a g e
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. to Focus Efforts on Gold Exploration in Australia
April 8th, 2024
Vancouver, British Columbia –A.I.S. Resources Limited (TSX-V: AIS, OTC-PINK: AISSF, FRA:
5YHA) (the “Company” or “AIS”) announces a renewed focus on gold exploration in
Australia. Through its wholly owned Australian subsidiary AIS Resources Aust. Pty, AIS
continues to own:
• 100% interest in the 28 km2 Fosterville-Toolleen Exploration License (EL6001)
located 10 km due east of Agnico Eagle’s Fosterville gold mine,
• 60% interest in the 58 km2 Bright Exploration License (EL6194), with an option to
acquire 100%, and,
• 100% interest in the 167 km2 Kingston Exploration License (EL6318).
These three advanced stage exploration properties, with a combined area of over 250 km2,
are all located in the Lachlan Fold Belt, also known as the Golden Triangle, located in the
Central Victoria region of Australia. The Geological Survey of Victoria estimates that there
may be up to 75 million ounces (Moz) of gold yet to be found in these Victorian goldfields.
Previous work has identified high potential drill targets on the Toolleen property, with
geological characteristics very similar to the neighbouring high grade Fosterville mine.
The Kingston property encompasses a prospecting license owned by the property Vendor,
that includes a 50-meter-deep vertical shaft and associated small-scale mine. AIS will
receive 15% of gold sales revenue emanating from the Vendor’s mining activities outside
of the Vendor’s prospecting license.
Andrew Neale, President & CEO of AIS commented, “The significant increase in gold prices
has renewed interest in gold exploration, and the three properties in Australia are ready
for immediate on-site work. Our major shareholders are indicating their ongoing support
for work in this area, and the Company is actively engaged in evaluating opportunities to
raise the appropriate funding.” The Company will be providing updates in a timely manner
as these efforts progress.
2 | P a g e
A.I.S. Resources Limited
As previously announced, AIS entered into an option agreement with American Salars
Lithium Inc., ( CSE: USLI , FRA: Z3P ) on the Company’s remaining lithium project in
Argentina. In early March, AIS completed a 1-for-10 reverse stock split as part of ongoing
corporate restructuring efforts, reducing the total share count to approximately 20 million
shares
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 various natural resource opportunities. AIS’s value add strategy is to acquire early-stage
projects and provide technical and financial support to enhance their value. The Company is managed
by a team of experienced engineers, geologists, and investment bankers, with a track-record of
successful capital market achievements.
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.