VANCOUVER, British Columbia — February 13, 2026 — Leads & Copy — A.I.S. Resources Limited has received TSXV Exchange acceptance for its earn-in agreement with Riversgold Ltd. regarding the Saint John IOCG/Porphyry Project in New Brunswick, Canada.
The acceptance allows AIS to acquire up to a 75% interest in the St. John Project. The earn-in agreement was initially made on September 15, 2025.
AIS CEO Marc Enright-Morin said the company is excited to move forward with the opportunity to advance a possible IOCG/porphyry system.
Upon TSXV acceptance, AIS will issue 2,860,000 shares to Riversgold at $0.05 per share.
To earn 51% of the St. John Project, AIS will spend CAD $400,000 on early exploration in Year 1, including drone MobileMT surveys, an IP survey, and 1,000 meters of approved drilling. In Year 2, AIS will spend CAD $1 million on additional drilling.
To earn 75%, AIS will spend CAD $3 million on drilling and early development work in Years 3-4.
Riversgold will retain a 25% free-carried interest through to the decision to mine. If Riversgold’s interest is diluted below 10% at any time, its interest will be converted to a 2% NSR. AIS will have the right to purchase the NSR for $1 million per 1%.
Riversgold is party to an underlying option agreement wherein Riversgold may earn a 100% interest in the St. John Project by paying:
$25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold upon closing of the underlying option agreement (PAID)
$25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold on the first anniversary of closing (PAID)
$25,000 in cash and an additional $35,000 in cash &/or shares of Riversgold on each of the second through fourth anniversaries of closing.
In the event that Riversgold receives a default notice from the optionors of the underlying agreement, Riversgold will immediately notify AIS. AIS will have the right to rectify the default. Any payments made by AIS to the optionors will be applied toward AIS’ earn in expenditures.
The underlying option agreement is subject to a 2% Gross Smelter Return royalty (GSR) payable to the underlying optionors. AIS will have the right to purchase the GSR for $1 million per 1%.
AIS is at arms’ length to both Riversgold and the underlying optionors.
The Saint John Project covers 101 km² and is located 20 km west of Saint John, New Brunswick, and 50 km from the U.S. border. It has access to infrastructure, including highways, rail, a deep-water port, power stations, and a skilled local workforce.
Riversgold released multiple press releases on the Australian Stock Exchange over the past year regarding the project. Geological results were previously disclosed by Riversgold in press releases on ASX dated January 29, 2025, and April 9, 2025.
Geological Highlights:
Little Lepreau Prospect
Roadside Quary surface samples: Gold up to 41.6 g/t, Silver up to 1,600 g/t, Copper up to 7.64%, Antimony >1%.
Magnetic data from the high-resolution 25-meter line spaced survey has delineated multiple magnetic low response areas similar to the Roadside Quarry mineralization.
Maiden drilling (2,000m) is approved for 2025.
Prince of Wales Prospect
Surface samples: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55%, Lead up to 18.85%.
Hideaway Prospect
Surface samples: Gold up to 1.7 g/t, Silver up to 8 g/t, Copper up to 2.01%.
Next Steps:
Expand drone MobileMT + IP surveys across the whole project and refine drill targets (~CAD $300,000 budget).
Commence 2,000m maiden RC/DD drill program at Little Lepreau in 2025/2026.
Technical information in this news release has been reviewed and approved by Mr. Edward Mead.
A.I.S. Resources Limited focuses on natural resource opportunities, acquiring early-stage projects and providing technical and financial support to develop them.
Source: A.I.S. Resources Limited
