In This Article:
VANCOUVER, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC- PINK: AISSF) (“AIS” or the “Company”) is pleased to announce appointment of Marc Enright-Morin to its Board of Directors. The Company announced the appointment of Marc Enright-Morin as the President and CEO of the Company on February 24, 2025.
The Company also announces that it is changing its fiscal year-end from December 31 to March 31. The Company is changing its financial year-end to better align the Company’s financial statement and continuous disclosure requirements with those of its affiliates to streamline reporting its reporting obligations. As a result, the Company expects to file its annual disclosures in late July 2025 for the fifteen months ended March 31, 2025, including audited financial statements in accordance with National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”).
Further details regarding the change in fiscal year-end, including the Company’s interim reporting procedures, are available in the Company’s Notice of Change of Financial Year-End, prepared in accordance with section 4.8 of NI 51-102, which is filed on the Company’s profile on SEDAR at www.sedarplus.ca.
Marc Enright-Morin
Marc Enright-Morin is a seasoned entrepreneur and capital markets professional based in Vancouver. He began his career with a boutique merchant bank, where he played a key role in raising over $300 million for various public and private companies through global financial institutions, with a focus on Europe, Asia, and the United States.
With over 20 years of experience in both public and private markets, Mr. Enright-Morin has built an extensive network of investment banking contacts, which has been instrumental in the growth and development of start-ups and junior companies. He has served as CEO, president, and director of multiple publicly traded companies in the resource sector.
AIS' Key Gold Projects in Australia:
With the recent rise in gold prices, AIS has renewed its focus on advancing its exploration efforts.
1. Fosterville-Toolleen Gold Project
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AIS holds a 100% interest in the 28 km² Fosterville-Toolleen Exploration License (EL6001), located just 10 km east of Agnico Eagle’s renowned Fosterville gold mine.
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Promising drill targets have been identified at Toolleen, with geological characteristics similar to the high-grade Fosterville mine.
2. Bright Gold Project
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AIS has a 60% stake in the 58 km² Bright Exploration License (EL6194), with the option to acquire full ownership.
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The Company is currently reviewing results from its 2023 drill program and is preparing to define additional high-potential drill targets.