SIRIOS Resources Inc.
TSX VENTURE : SOI

SIRIOS Resources Inc.

October 22, 2007 15:13 ET

Sirios Closes $2 Million Flow-Through Private Placement

MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 22, 2007) - SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces that it has closed through Becher McMahon Capital Markets Inc. (the "Agent") a brokered private placement for gross proceeds of $ 2,000,000. A total of 6,666,666 Flow-Through Shares of SIRIOS at a price of $0.30 were issued.

This offering was made to accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of Ontario, and Quebec, in reliance upon applicable exemptions from registration and prospectus requirements.

All securities issued pursuant to this offering are subject to a hold period of four months from the date of closing. An aggregate cash commission equal to 8% of the gross proceeds, as well as broker warrants entitling the purchase, for a period of 24 months following the closing, of 666,666 Common Shares at a price of $0.30 per Share, was paid by the Corporation to the Agent and its duly appointed sub-agent(s).

The proceeds from this placement will be used by SIRIOS to incur exploration expenses in the James Bay Area of Quebec mainly on its PONTAX (silver-zinc) and TILLY (molybdenum) properties that qualify as Canadian exploration expenditures. Please refer to the SIRIOS' web site for additional information on those properties.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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