(TheNewswire)
Vancouver, British Columbia / TheNewswire / January 18, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that the 3km
road to drill hole DH1 and the drill pad have been completed. The Salar contains brine less than 0.6m below the surface so an
0.8m elevated road was constructed to support heavy trucks and machinery. The elevated road held up well with only slight rains in
our area although rains were heavy elsewhere in the region.
The rig, drill rods and supplies are located only three kilometres away. Drillers have provided their approval
of the road and have commenced preparations to begin drilling shortly.
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This is the composite plan at 300m depth of resistivity. The dark and light purple areas are below 0.025
ohm-m value which indicates potentially other elements beside sodium chloride is reducing the resistivity. The red lines are
the border between Quebralena community and Rincondillas community. The black line is the VES geophysics traverse line. The
original location was found to be on Rincondillas land which is pending a drilling permit so it was moved 100m to Quebralena land
which has a drilling permit in place.
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Truck Parked at Drill Pad
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Brine and waste wells for drill rig
Significant progress has been made with the Ricondillas community and we believe they are very close to signing
an assembly document allowing us to progress to a UGAMP meeting. Our traditional owners liaison team is meeting with the community
on January 20, 2019.
Phil Thomas CEO said that, “This first drill hole will give us a significant amount of data allowing us to fine
tune our drill program assuming we intersect lithium bearing aquifers. The trench above the DH1 hole recorded 47ppm lithium and 150
ppm magnesium. Our tenement area is 8km wide by 5km in length with
low resistivity zones at about 200m with depths of up to 100 metres so with lithium on surface its highly prospective. Our first
drill hole is located over the widest point of the low resistivity zone in Guayatayoc Mina so we are very anxious to get the
results of the packer brine sampling test and examine the core.”
Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101
regulations, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure
herein. Mr. Thomas is not independent of the Company as he is Chief Executive Officer and a shareholder.
About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed by
experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital
markets. Through their extensive business and scientific networks, they identify and develop projects worldwide that have strong
potential for growth with the objective of providing significant returns for shareholders. The Company’s current
activities are focused on the exploration and development of lithium brine projects in northern Argentina.
On Behalf of the Board of Directors, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com
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.
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