AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t

A.I.S. Resources Limited ( TSX: AIS, OTCQB: AISSF ) (the “Company” or “AIS) reports that the assay analysis from YDD1 at Neighbour’s Farm historic mine workings, the first diamond drill hole at its Yalgogrin Gold Project, NSW, Australia has been completed by SGS Australia. Extensive gold mineralisation was intersected from 58m through to the end of hole at 162.3m with gold mineralisation remaining open at depth and returning gold Intercepts over 87m averaging 1.5gt. The best individual grades returned up to 9.3 gt Au that are supported by consistent mineralisation hosted within the altered rock mass.

A summary of the intervals and average assays is set out below from the top of the core:

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A.I.S. Resources Started Drilling Today on Yalgogrin Gold Property, Lachlan Fold Belt, NSW, Australia

A.I.S. Resources Limited (TSXV: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is delighted to report that Drillit Consulting from Parkes NSW have mobilized their diamond drill rig and commenced drilling today for a 1,000m drill program on the highly prospective gold bearing Neighbours Farm Prospect, part of the 60% owned Yalgogrin Property on the Lachlan Fold Belt, NSW, Australia.

Phil Thomas, CEO commented, “We have been able to combine the geophysics with new 3D inversions to better target the drill holes where 32.2g/t Au have been recorded at 0.5m below surface at the Neighbours Farm Prospect. These geophysics results suggest a high probability of exceptional grades in the oxidized zone down to roughly 30m depth. Deeper drilling will also be carried out in the granites below to target the sulphide zone.”

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AIS Resources Acquires Option on 596 sq km Exploration Licence Near Casterton, Western Victoria, Australia with Gold, Nickel, Copper, Zinc, Chrome, Gemstone mineralization – Exploration Area Now Totals 852 sq km

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the “Company” or “AIS) is delighted to report that it has signed a 90 day option agreement to acquire the exploration licence EL006958 known as Casterton in the Glenelg zone, in Western Victoria, Australia. The option agreement has provision for extensions to 31 July 2021. If the option is exercised AIS can acquire the property for AUD$1,500,000 in cash and shares. This brings the total square kilometres AIS is exploring to 852 sq km.

Phil Thomas, CEO commented, “This is a fantastic opportunity for us to develop a multi-commodity project stream. The famous Hummocks Nickel, Chromite mine still has part of the infrastructure there and a sample from the feed chute was assayed by AIS at On-site Laboratories at 1,200ppm nickel and 1,100 ppm chromium. The base metal prospects are in the bright red staurolite zone in the schist that can be mineralized with copper and nickel. Low-grade nickel in serpentinite occurs at The Hummocks, north of Casterton (Bush et al. 1995b). With significant past exploration this will significantly enhance our portfolio.”

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A.I.S. Resources Provides an Update on Its Advanced Kingston Gold Project Located Adjacent to Navarre Minerals in Victoria’s Golden Triangle in Australia

A.I.S. Resources Limited ( TSX: AIS, OTCQB: AISSF ) (the “Company” or “AIS”) continues due diligence on its new Kingston Gold Project. This advanced gold project is located in Victoria’s Golden Triangle in Australia and encompasses two areas the North Kingston EL and the Ararat EL under one exploration licence number EL006318. The Ararat EL is adjacent to Navarre Minerals and Stavely Minerals. The North Kingston EL is surrounded by Providence Gold and Navarre Minerals.

The Kingston Exploration Licence (EL006318) covers 167 sq km near the township of Navarre. AIS has received a significant amount of geological, geophysics and geochemistry data from current and previous explorers.

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A.I.S. Resources Announces Grant of Option to Acquire Kingston Gold Project, Victoria Australia

A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) [http:aisresources.cominvestorsstock-quote] today announced the Company has been granted an option (the “Option”) to conduct due diligence and formalize a sale and purchase agreement in respect of the Kingston Gold Project near Navarre, in north-western Victoria, Australia. The Company and the Optionor (vendor) have agreed to use their best endeavours to settle the form of and execute a definitive sale and purchase agreement on or before November 16, 2020 for the acquisition by the Company of the Optionor’s 100% interest in Exploration Licence 006318, that covers 167 sq kilometres but excluding Prospecting Licence (“PL”) PL007020 contained within the Exploration Licence area, an area of 5 hectares.

The Optionor, ConnorCoote Mining, is a joint venture between Owen Coote and Glenn Connor, both of Victoria, Australia. The Company will pay AUD$35,000, non-refundable to the Optionors for the Option.

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