A.I.S. Resources Completes High-resolution Airborne Geophysical Survey at Saint John Project, New Brunswick

The most recent news release (May 7, 2026) confirms the completion of a high-resolution airborne geophysical survey over the Saint John Project in New Brunswick. The survey covered approximately 2,125 line-kilometres using helicopter-borne magnetic sensors. This follows the April 13 announcement where Geo Data Solutions was engaged to conduct this specific work. The company plans to commence ground prospecting and geological mapping on May 11, 2026.

Historical context reveals a progression of events: - August 2025: Private placement of $150k at $0.03/share; Cease Trade Order issued by BCSC for non-filing of financials. - September 2025: Earn-in agreement signed with Riversgold Ltd. to acquire up to 75% interest in Saint John Project ($4.4M spend over 4 years). - October 2025: Cease Trade Order resolved; audit expected by Oct 15. - February 2026: TSX-V acceptance of the earn-in agreement; debt settlement via share issuance ($503k D&O fees + $111k arm's length). - March 2026: VP Exploration appointed (Afzaal Pirzada); Buda Juice liquidation proceeds (~$2.7M US) allocated to exploration; high-grade surface samples disclosed (Au up to 41.6 g/t). - May 4, 2026: Option agreement entered for Pocologan Project (New Brunswick), adding synergistic copper-gold-silver targets with historical assays up to 45 g/t Au.

The May 7 survey completion is classified as Routine - Positive because it represents the execution of a previously announced plan (April 13 engagement). It does not introduce new mineralization data, drill results, or financing terms that would alter valuation significantly at this stage. The material positive drivers remain the February TSX-V acceptance of the earn-in deal and the March capital injection from Buda Juice liquidation, which provided liquidity to fund the $4.4M exploration program.

However, the recent Pocologan option (May 4) adds incremental value by expanding the land package in New Brunswick with high-grade historical targets. The primary risk remains dilution; the company has issued significant shares for debt settlement ($7.18M shares + $2.12M shares previously) and earn-in payments (2.86M shares to Riversgold). While the survey completion validates operational progress, it does not mitigate the fundamental risks of exploration failure or further capital raising needs if drilling targets are not met.

A.I.S. Resources Ltd. is an exploration company focused on gold and critical metals in Tier-1 jurisdictions (Canada and Australia). The flagship asset is the Saint John Project in New Brunswick, covering 101 km² with IOCG/porphyry potential. - Saint John Project: District-scale target with high-grade surface samples (Au up to 41.6 g/t, Ag up to 1,600 g/t). Currently in the geophysical survey and pre-drill targeting phase. Earn-in agreement allows acquisition of up to 75% interest upon spending $4.4M over four years. - Pocologan Project: Recently optioned (May 2026), covering 21.5 km² with historical copper-gold-silver mineralization (Au up to 45 g/t). - Other Assets: Projects in Victoria, Australia (Fosterville-Toolleen, Kingston, Bright) and Incahuasi Lithium Project in Argentina (JV).