14:43:59 EDT Mon 13 Apr 2026
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A.I.S. Resources Ltd (2)
Symbol AIS
Shares Issued 34,832,867
Close 2026-04-10 C$ 0.075
Market Cap C$ 2,612,465
Recent Sedar+ Documents

A.I.S. hires Geo Data for magnetic survey at Saint John

2026-04-13 12:05 ET - News Release

Mr. Marc Enright-Morin reports

A.I.S. RESOURCES ENGAGES GEO DATA SOLUTIONS GDS INC. TO COMPLETE A HIGH-RESOLUTION HELICOPTER-BORNE MAGNETIC SURVEY TO SUPPORT EXPLORATION ACROSS ITS ST. JOHN PROJECT

A.I.S. Resources Ltd. has engaged Geo Data Solutions GDS Inc. of Laval, Que., to complete a high-resolution helicopter-borne magnetic survey over its Saint John project, located in southwestern New Brunswick.

The survey will be deployed across selected polygons within the broader St. John project area and will be conducted using Geometrics G822 sensor technologies, to deliver high-resolution, low-noise magnetic data across varied terrain conditions. A total of 2,125 line kilometres with survey line spacing of 50 metres, and tie line spacing of 350 metres will be flown. The survey lines will be flown at orientation N125, and tie lines at N215. All survey areas will be flown following a predefined 3-D flight surface having a rate of climb/descent of 20 per cent, a minimum ground clearance of 50 metres and a power line altitude of 120 metres.

The goal of the survey is to complete high-confidence magnetic anomaly mapping across the project.

Marc Enright-Morin, chief executive officer of A.I.S., said: "We are excited to kick off our first exploration program. The Saint John project offers multiple opportunities to discover exploration targets across its 101 square km area. This airborne survey will be critical in refining our targeting strategy and driving future drill campaigns."

The survey will commence on April 15, 2026, with interpretation of results expected shortly after completing the survey. These results will guide the next phase of exploration, including ground-based geophysics, mapping and drill targeting.

About the Saint John project

The Saint John project is interpreted to be prospective for IOCG-style mineralization based on regional geology. The IOCG exploration targets provide strategic exposure to gold, silver (precious metals), copper (energy transition metal), antimony and rhenium (critical minerals).

The project covers 101 square kilometres in a Tier 1 mining jurisdiction. Located just 20 km west of Saint John, N.B., 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.

Afzaal Pirzada, PGeo, vice-president of exploration of the company, and a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

Shares for debt settlement

The company also announces that further to its news release of Feb. 24, 2026, the company issued on April 1, 2026, an aggregate of 2,124,000 common shares at a deemed price of 5.25 cents per common share to settle an aggregate amount of $111,510 in debt owed to certain arm's-length creditors. The company has entered into the debt settlement to improve its financial position by reducing its existing liabilities. All securities issued in connection with the debt settlement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.

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.

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