Mr. Marc Enright-Morin reports

A.I.S. RESOURCES PROVIDES UPDATE ON FRENCHMANS CREEK AND GRAND BAY OPTION AGREEMENT

Further to its news release of June 1, 2026, A.I.S. Resources Ltd. has received TSX Venture 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-per-cent 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, N.B. 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, N.B. The properties are located in southern New Brunswick, a mining-friendly Canadian jurisdiction, and benefits from exceptional infrastructure, including highways, rail, a deepwater port, a nuclear power station and a skilled local work force.

Information regarding transaction terms

The company may acquire 100-per-cent interest in the Frenchmans Creek and Grand Bay projects by making the following payments over a period of four years:

1. An option payment consisting of $10,000 cash upon signing of the agreement and $30,000 worth of optionee common shares five business days following TSX-V acceptance;
2. An option payment consisting of $10,000 cash and $30,000 worth of optionee common shares on or before the first-year anniversary of the effective date;
3. An option payment consisting of $10,000 cash and $40,000 worth of optionee common shares on or before the second-year anniversary of the effective date;
4. An option payment consisting of $30,000 cash and $50,000 worth of optionee common shares on or before the third-year anniversary of the effective date;
5. An option payment consisting of $30,000 cash and $50,000 worth of optionee common shares on or before the fourth-year anniversary of the effective date

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 13.5 cents.

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.

The optionor will retain a 2-per-cent net smelter return royalty after A.I.S. acquires a 100-per-cent interest in the Frenchmans Creek project. The company will have the right of first refusal to purchase 50 per cent of the retained NSR royalty (1-per-cent NSR royalty) by paying the optionor a cash amount of $1-million (or an agreed amount of cash/shares) subject to TSX-V acceptance.

About the Saint John project

The company considers the Saint John project to be prospective for IOCG-style (iron oxide copper-gold) 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.

About the Pocologan project

The Pocologan project is an early-stage copper-gold-silver exploration project located in New Brunswick, Canada. The project is interpreted by the company to have potential for IOCG-style, magmatic copper-gold and structurally controlled copper-silver-gold exploration models. Vendor compilation materials and the company's compiled data identify several target areas, including the Pennfield Station-Pocologan River, Grand Bay and Red Head Harbour areas, where surface prospecting reportedly outlined copper, gold and silver mineralization associated with gabbroic, granodioritic, altered and sheared host rocks. The project covers approximately 21.5 square kilometres in southern New Brunswick and benefits from favourable infrastructure, including proximity to highways, rail, power, deepwater port facilities at Saint John and a skilled regional work force. The company has not yet completed sufficient work to verify the continuity, scale or economic significance of the historical mineralization reported in vendor compilation materials.

About the Frenchmans Creek project

The Frenchmans Creek project is an early-stage, district-scale copper-gold-silver exploration project focused on evaluating IOCG-style and structurally controlled copper-silver-gold exploration targets. Vendor compilation materials and the company's data identify several target areas where surface prospecting outlined copper, gold and silver mineralization associated with gabbroic, granodioritic, and altered or sheared host rocks. The project remains at an early exploration stage and requires systematic verification, mapping, sampling, geophysical work and drilling before any conclusions can be made regarding the presence, continuity, grade, scale or economic potential of mineralization.

About the Grand Bay project

The Grand Bay area is considered prospective for volcanic-hosted base-metal mineralization, structurally controlled copper-silver-gold veins and localized intrusion-related copper-molybdenum-gold porphyry systems; however, these exploration concepts require confirmation through systematic mapping, prospecting, geochemical sampling and geophysical surveys.

Qualified person

Technical information in this news release has been reviewed and approved by Afzaal Pirzada, PGeo, vice-president of exploration for A.I.S. Resources, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About A.I.S. Resources Ltd.

A.I.S. Resources is a publicly traded company, listed on the TSX Venture Exchange, dedicated to acquiring and exploring resource projects with the goal of building shareholder value through disciplined exploration, rigorous technical assessment and responsible project development. The company is led by a team with extensive experience in mineral exploration, project generation, finance and capital markets.

A.I.S. holds a substantial land position across major terrane boundaries and crustal-scale structures in southwestern New Brunswick, where emerging geophysical, geological and geochemical data indicate the potential for a district-scale IOCG-porphyry mineral system.

We seek Safe Harbor.