Sirios Resources Inc.: Final Closing of the Already Announced Placements, Bringing the Total Raised Amount to $1,333,000

SIRIOS RESOURCES INC. (TSX VENTURE:SOI) completed today the second and last
closing of the non-brokered private placements announced last week for an
additional amount of $166,956. In addition to the $1,166,044 raised last week, a
sum of $142,000 was collected by issuance of units while an amount of $24,956
came from issuance of flow-through shares. Thus, a total amount of $1,333,000
was raised by Sirios. The company has now 43,092,736 common shares issued and
outstanding while its working capital stands at more than $1.1M.


In today's closing, Sirios issued 178,258 flow-through shares at $0.14 per share
and 1,183,334 units were subscribed. Each unit, sold at $0.12, is composed of a
Common Share and half a warrant of Sirios. Each warrant entitles its holder to
subscribe for one Common Share at $0.15 for a period of 12 months after the
closing date. 


Finder's fees of $2,957 were paid for this closing. In addition, Sirios issued
finder's warrants entitling holders to purchase 10,695 Common Shares at $0.14
per share and 6,000 Common Shares at $0.15 per share, for a period of 12 months
after the closing date. 


There will be a hold period of four months and one day on all securities issued
under these financings. The TSX Venture has conditionally approved the private
placements. 


The proceeds of these placements will mainly be used by Sirios for a diamond
drilling campaign on its Cheechoo gold project located in James Bay, as well as
for general purposes. Please refer to the website of Sirios for more information
on the Cheechoo project. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dominique Doucet
President
(514) 510-7961
(514) 510-7964 (FAX)
ddoucet@sirios.com


Peter Kong, B.B.A
(514) 510-7961
(514) 510-7964 (FAX)
pkong@sirios.com
www.sirios.com

Sirios Resources (TSXV:SOI)
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