15:30:04 EST Fri 13 Feb 2026
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AIS Resources Ltd (2)
Symbol AIS
Shares Issued 31,972,867
Close 2026-02-12 C$ 0.06
Market Cap C$ 1,918,372
Recent Sedar+ Documents

A.I.S. receives TSX-V approval for St. John earn-in

2026-02-13 11:31 ET - News Release

Mr. Marc Enright-Morin reports

A.I.S. RESOURCES' SAINT JOHN COPPER/GOLD/ANTIMONY PROJECT GETS TSXV ACCEPTANCE

A.I.S. Resources Ltd. has received TSX Venture Exchange acceptance for the Sept. 15, 2025, earn-in agreement with Riversgold Ltd. (Australian Securities Exchange: RGL), granting A.I.S. the right to acquire up to a 75-per-cent interest in the new Saint John IOCG (iron-oxide-copper-gold)/porphyry project located in New Brunswick, Canada (the St. John project). A.I.S. chief executive officer Marc Enright-Morin commented, "Now that we have received exchange acceptance we are excited to move forward with this unique opportunity to advance a possible IOCG/porphyry system."

Additional information regarding transaction terms:

  • Upon TSX-V acceptance A.I.S. shall issue 2.86 million shares at five cents per share to Riversgold.
  • To earn 51 per cent of the St. John project, A.I.S. shall spend:
    • Year 1: $400,000 on early exploration, including drone MobileMT surveys, IP survey and 1,000 metres of approved drilling;
    • Year 2: $1-million additional drilling.
  • To earn 75 per cent, A.I.S. shall spend:
    • Year 3 to 4: $3-million on drilling and early development work.
  • Riversgold will retain a 25-per-cent free-carried interest through to the decision to mine.
  • If at any time Riversgold's interest is diluted below 10 per cent, its interest shall be converted to a 2-per-cent NSR (net smelter return). A.I.S. shall have the right to purchase the NSR for $1-million per 1 per cent.
  • Riversgold is party to an underlying option agreement wherein Riversgold may earn a 100-per-cent interest in the St. John project by paying:
    • $25,000 in cash and an additional $35,000 in cash and/or shares of Riversgold upon closing of the underlying option agreement (paid);
    • $25,000 in cash and an additional $35,000 in cash and/or shares of Riversgold on the first anniversary of closing (paid);
    • $25,000 in cash and an additional $35,000 in cash and/or shares of Riversgold on each of the second through fourth anniversaries of closing.
  • In the event that Riversgold receives a default notice from the optionors of the underlying agreement Riversgold shall immediately notify A.I.S. A.I.S. shall have the right to rectify the default. Any payments made by A.I.S. to the optionors shall be applied toward A.I.S.'s earn in expenditures.
  • The underlying option agreement is subject to a 2-per-cent gross smelter return royalty (GSR) payable to the underlying optionors. A.I.S. shall have the right to purchase the GSR for $1-million per 1 per cent.
  • A.I.S. is at arms' length to both Riversgold and the underlying optionors.

About the Saint John project

The Saint John project is a district-scale IOCG/porphyry exploration target providing strategic exposure to gold and silver (precious metals), copper (energy transition metal), and antimony (critical mineral).

The project covers 101 square kilometres in a Tier 1 mining jurisdiction. Located just 20 km west of Saint John, New Brunswick and 50 km from the United States border, the project benefits from exceptional infrastructure, including highways, rail, deepwater port, power stations and a skilled local work force.

Riversgold have released multiple press releases on the Australian Securities Exchange over the past year as they have moved this project up the value chain. Geological results were previously disclosed by Riversgold in press releases on ASX dated Jan. 29, 2025, and April 9, 2025.

Geological highlights

Little Lepreau prospect

  • Roadside Quary surface samples: gold up to 41.6 grams per tonne, silver up to 1,600 g/t, copper up to 7.64 per cent, Antimony greater than 1 per cent;
  • Magnetic data received from the high-resolution 25-metre-line spaced survey has delineated multiple magnetic low response areas that bear a similar magnetic signature to the Roadside Quarry mineralization;
  • Maiden drilling (2,000 metres) approved for 2025.

Prince of Wales prospect

  • Surface samples: gold up to 11.4 g/t, silver up to 1,050 g/t, copper up to 10.55 per cent, lead up to 18.85 per cent.

Hideaway prospect

  • Surface samples: gold up to 1.7 g/t, silver up to eight g/t, copper up to 2.01 per cent.

Next steps:

  • Expand drone MobileMT plus IP (induced polarization) surveys across the whole project and refine drill targets (about $300,000 budget).
  • Commence 2,000 m maiden RC/DD (reverse circulation/diamond drilling) drill program at Little Lepreau in 2025/2026.

Technical information in this news release has been reviewed and approved by Edward Mead, who is a qualified person under the definitions established by the National Instrument 43-101 and who is a fellow of the Australasian Institute of Mining and Metallurgy. Mr. Mead is a director of Riversgold and a consultant to Riversgold through Doraleda Pty.

About A.I.S. Resources Ltd.

A.I.S. Resources is a publicly traded company listed on the TSX Venture Exchange. The company focuses on natural resource opportunities, aiming to unlock value by acquiring early stage projects and providing the necessary technical and financial support to develop them. A.I.S. is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.

We seek Safe Harbor.

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