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 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 is delighted with this key appointment 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 involved 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 sediments 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 alteration 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 (Diamonds), Central goldfields WA Norseman area (gold, nickel/copper/platinum/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).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3866f9d-13b4-4abb-a999-fd999aceb87c

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 enhance 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: pthomas@aisresources.com

Or
Martyn Element, Executive Chairman
Tel: +1-604-220-6266
Email: melement@aisresources.com
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.