A.I.S. Resources' Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance

Executive Summary

• A.I.S. Resources Limited received TSXV Exchange acceptance for its September 15 2025 earn‑in agreement with Riversgold Ltd., granting AIS the right to acquire up to a 75 % working interest in the newly defined Saint John Project (New Brunswick, Canada).
• Upon acceptance, AIS will issue 2,860,000 shares at CAD $0.05 per share to Riversgold and must fund staged exploration/drilling expenditures totaling CAD $4.4 million over four years to earn the interest.
• The agreement includes protective provisions for Riversgold (free‑carried 25 % interest, dilution trigger converting to a 2 % NSR, and AIS’s right to purchase the NSR or underlying GSR royalty at CAD $1 M per 1 %).

Key Details

• Share Issuance: 2,860,000 AIS shares @ CAD $0.05 each → CAD $143,000 consideration paid to Riversgold upon TSXV acceptance.
• Earn‑in Schedule & Funding Obligations:
• Year 1: CAD $400,000 for early exploration (drone MobileMT surveys, IP survey, 1,000 m approved drilling).
• Year 2: Additional CAD $1,000,000 for further drilling.
• Years 3‑4: CAD $3,000,000 for drilling and early development work to reach a 75 % interest.
• Resulting Ownership:
• 51 % interest after Year 2 funding;
• 75 % interest after Years 3‑4 funding;
• Riversgold retains a 25 % free‑carried interest until a mine decision is made.
• Dilution & NSR Clause: If Riversgold’s interest falls below 10 %, it converts to a 2 % Net Smelter Return (NSR), which AIS may purchase for CAD $1 M per 1 %.
• Underlying Option Agreement (Riversgold):
• Allows Riversgold to earn 100 % interest by paying staggered cash/stock amounts (total paid to date: CAD $25k + $35k in Year 0, Year 1, and Years 2‑4).
• Royalty Provision: Underlying optionors receive a 2 % Gross Smelter Return (GSR) royalty; AIS may purchase this royalty at CAD $1 M per 1 %.
• Project Overview – Saint John Project:
• District‑scale IOCG/porphyry target covering 101 km² in a Tier‑1 jurisdiction, near Saint John (20 km) and the U.S. border (50 km).
• Infrastructure: highways, rail, deep‑water port, power stations, skilled workforce.
• Geological Highlights (from Riversgold disclosures):
• Little Lepreau Prospect: Surface samples up to 41.6 g/t Au, 1,600 g/t Ag, 7.64 % Cu, >1 % Sb; maiden drilling of 2,000 m approved for 2025.
• Prince of Wales Prospect: Surface samples up to 11.4 g/t Au, 1,050 g/t Ag, 10.55 % Cu, 18.85 % Pb.
• Hideaway Prospect: Surface samples up to 1.7 g/t Au, 8 g/t Ag, 2.01 % Cu.
• Next Exploration Steps (AIS):
• Expand drone MobileMT + IP surveys across the entire project (≈ CAD $300,000 budget).
• Commence a 2,000 m maiden RC/DD drill program at Little Lepreau in 2025/2026.
• Qualified Person: Technical information reviewed and approved by Mr. Edward Mead, QP (NI 43‑101), director & consultant to Riversgold.

Notable Quotes

“Now that we have received Exchange acceptance we are excited to move forward with this unique opportunity to advance a possible IOCG/porphyry system.” – Marc Enright‑Morin, CEO, A.I.S. Resources