A.I.S. Resources signs Saint John earn-in deal

Executive Summary

• A.I.S. Resources Ltd. signed an earn‑in agreement with Riversgold Ltd. to acquire up to a 75 % interest in the newly discovered Saint John IOCG/porphyry project in New Brunswick.
• The transaction requires A.I.S. to issue 2.86 million shares at C$0.05 each and to spend a total of $4.4 M over four years on exploration, drilling and early development to earn the interest.
• The Saint John project hosts high‑grade surface mineralization (e.g., up to 41.6 g/t Au, 7.64 % Cu) across a 101 km² district with excellent infrastructure, positioning it for immediate drill programs in 2025/2026.

Key Details

• Transaction Structure:
• On signing, A.I.S. will issue 2.86 M shares at C$0.05 per share to Riversgold.
• To earn a 51 % interest: spend $400k in Year 1 (early exploration, drone MobileMT/IP surveys, 1,000 m approved drilling) and $1 M in Year 2 (additional drilling).
• To increase to a 75 % interest: spend an additional $3 M during Years 3‑4 on further drilling and early development.

• Riversgold retains a 25 % free‑carried interest until a mining decision is made.

• Project Overview – Saint John (NB, Canada):

• District‑scale IOCG/porphyry target covering 101 km² in a Tier 1 jurisdiction.

• Located ~20 km west of Saint John and ~50 km from the U.S. border; near highways, rail, deep‑water port, power stations, and skilled labor pool.

• Geological Highlights (from Riversgold disclosures):

• Little Lepreau prospect: Roadside quarry surface samples – Au up to 41.6 g/t, Ag up to 1,600 g/t, Cu up to 7.64 %, Sb > 1 %. Magnetic‑low response zones identified; 2,000 m maiden drilling approved for 2025.
• Prince of Wales prospect: Surface samples – Au up to 11.4 g/t, Ag up to 1,050 g/t, Cu up to 10.55 %, Pb up to 18.85 %.

• Hideaway prospect: Surface samples – Au up to 1.7 g/t, Ag up to 8 g/t, Cu up to 2.01 %.

• Next Exploration Steps (budget ~C$300k):

• Expand drone MobileMT and IP surveys across the entire project.

• Commence a 2,000‑m maiden RC/DD drill program at Little Lepreau in 2025/2026.

• Regulatory: Agreement subject to acceptance by the TSX Venture Exchange. Technical review approved by qualified person Edward Mead (NI 43‑101).

Notable Quotes

• Marc Enright‑Morin, CEO, A.I.S. Resources: “We are excited to partner with Riversgold on this very exciting newly discovered Saint John project… The combination of very high‑grade mineralization, excellent infrastructure and district‑scale potential provides A.I.S. with a unique opportunity…”
• David Lenigas, Executive Chairman, Riversgold: “This transaction enables Riversgold to retain meaningful exposure while A.I.S., as a Canadian company, is better placed to move this discovery forward… We look forward to assisting A.I.S. immediately getting onto the ground.”