Mr. Andrew Neale reports

A.I.S. RESOURCES ANNOUNCES A 1-FOR-10 REVERSE STOCK SPLIT

The board of A.I.S. Resources Ltd. has decided to proceed with a one-for-10 reverse stock split, also known as a stock consolidation, stock merge or share rollback, applicable to all issued shares and outstanding warrants and options.

Effective at the commencement of trading on March 8, 2024, the company is expected to begin trading on the TSX Venture Exchange on a postconsolidated basis under the stock symbol AIS. The new Cusip and ISIN are 001431303 and CA0014313039, respectively.

Andrew Neale, president and chief executive officer of A.I.S., commented: "This decision will better position the company to develop its existing assets and evaluate other investment opportunities that have recently be presented to the company. This decision has not been taken lightly, and is a necessary first step in the corporate restructuring of A.I.S. that has been discussed in detail between myself and the board. We wish to remind our shareholders that this action doesn't impact the overall market capitalization of the company."

As of March 5, 2024, A.I.S. has 204,215,409 shares issued, 10,401,667 options issued and 26,300,000 warrants issued, for a fully diluted total of 240,917,076. After the consolidation there will be approximately 20,421,540 common shares issued and outstanding. The company will not be issuing fractional postconsolidation common shares to shareholders in connection with the consolidation. Where the consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of postconsolidation common shares issued to such holder of common shares shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common shares held by a beneficial holder shall be aggregated. The exercise or conversion price and the number of common shares issuable under any of the company's outstanding stock options and warrants will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.

No action is required from shareholders who are holding their shares in A.I.S. in a conventional brokerage account. Those holding paper certificates will need to present those to A.I.S. and have a new certificate issued.

About A.I.S. Resources Ltd.

A.I.S. Resources is a publicly traded investment issuer listed on the TSX Venture Exchange focused on lithium, gold and other natural resource opportunities. A.I.S.'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 record of successful capital market achievements.

We seek Safe Harbor.