A.I.S. Resources Provides Update on Frenchmans Creek and Grand Bay Option Agreement

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VANCOUVER, British Columbia, Sept. 11, 2026 (GLOBE NEWSWIRE) — A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF, FRA: 5YH) (“A.I.S.” or the “Company”) announces further to the Company’s news release of June 1, 2026 the Company has received TSXV exchange acceptance for the option agreement and provides the following additional information. On June 1, 2026 the Company entered into an option agreement, granting A.I.S. the right to acquire up to a 100% interest in the Frenchmans Creek and the Grand Bay properties. The Frenchmans Creek property consists of 88 mining claims in four claim blocks covering approximately 2,200 hectares land, located approximately 10 kilometres from Saint John, New Brunswick. The Grand Bay property consists of 62 mining claims in two claim blocks covering approximately 4,100 hectares land, located approximately 10 kilometres northwest of Saint John, New Brunswick. The properties are located in southern New Brunswick, a mining-friendly Canadian jurisdiction and benefits from exceptional infrastructure, including highways, rail, deep-water port, nuclear power station, and a skilled local workforce.

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Information Regarding Transaction Terms:

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The Company may acquire 100% interest in the Frenchmans Creek and Grand Bay projects by making the following payments over a period of four years.

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(i) An Option Payment consisting of $10,000 cash upon signing of the Agreement and $30,000 worth of Optionee’s Common Shares 5 business days following TSXV Exchange acceptance;

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(ii) An Option Payment consisting of $10,000 cash and $30,000 worth of Optionee’s Common Shares on or before the 1st year anniversary of the effective date (“1st Anniversary Date”).

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(iii) An Option Payment consisting of $10,000 cash and $40,000 worth of Optionee’s Common Shares on or before the 2nd year anniversary of the effective date (“2nd Anniversary Date”);

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(iv) An Option Payment consisting of $30,000 cash and $50,000 worth of Optionee’s Common Shares on or before the 3rd year anniversary of the effective date (“3rd Anniversary Date”).

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(v) An Option Payment consisting of $30,000 cash and $50,000 worth of Optionee’s Common Shares on or before the 4th year anniversary of the effective date (“4th Anniversary Date”).

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The Company may pay cash instead of issuing common shares. The price of the common shares to be issued will be the 20-day volume weighted average price and shall not be less than $0.135.

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The Company must also maintain the claims in good standing during the option period and incur at least one additional year of work credits by incurring a total of $187,450 in work credits over four years.

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The Optionor will retain a 2% NSR after A.I.S. acquires 100% interest in the Frenchmans Creek Project. The Company will have the right of first refusal to purchase 50% of the retained NSR (1% NSR) by paying the Optionor a cash amount of $1,000,000 (or an agreed amount of cash/shares) subject to TSXV Exchange acceptance.

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About the Saint John Project

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The Company considers the Saint John Project to be prospective for IOCG-style mineralization based on its regional geological setting and current exploration model. The property remains at an early stage of exploration, and additional work is required to determine whether IOCG-style mineralization is present. The Company’s exploration model is focused on evaluating the potential for copper-gold-silver-antimony mineralization, together with associated critical-mineral pathfinders identified through the compilation of historical and current exploration work.