Sirius Exploration

February 16, 2009 02:00 ET

Dakota Salts Update

7.00 AM
16 February 2009

                                          Sirius Exploration Plc
                                        ("Sirius" or "the Company")
                        Sirius Exploration acquires and explores mineral properties
                                            Dakota Salts Update

Sirius  Exploration  Plc,  the mining and exploration company, announces that  Dakota  Salts  LLC  ('Dakota
Salts'),  the  North  Dakota  exploration company in which it has a 51%  shareholding,  has  commenced  the
selection process to appoint consultants to carry out a feasibility report on its property in North  Dakota
for  the  use  of  the  salt caverns for energy storage and also to provide an estimate  of  the  potential
reserves of potash and salt covered by its 5,000 acres of leases. A formal appointment is expected shortly.

Further  consulting studies are being commissioned to assess the potential for natural gas storage  or  the
storage of electricity through compressed air following the extraction of the minerals from these caverns.

Richard Poulden, Chairman of Sirius, commented:

"Given the amount of information already in the public domain on Williston, it is important that the  exact
geology  of  the  land  in the Dakota Salts lease area is established as we believe  there  is  significant
potential  to extend the economic life-cycle of the property after the potash and salt deposits  have  been
mined  by  creating  a  major underground storage facility for compressed air for  electricity  storage  or
natural gas on the site.

North  Dakota has been identified as a key location for the development of wind farms by the US  Department
of  Energy and we are particularly keen to explore the compressed air possibilities given that it  provides
one  of  the  few  viable and effective renewable methods for storing the energy generated by  wind  farms.
Additionally, gas storage and electricity generation would provide considerable ongoing cash  flow  to  the
Company after the Potash and salt reserves have been extracted."

Enquiries welcomed, for further information please contact the Company:

Sirius Exploration Plc                                                                                        
Richard Poulden (Chairman)                                +971 556 232 672                      +61 406 647 976
Jonathan Harrison (Financial Director)                    +44 78 7988 7755

Beaumont Cornish                                                                                              

Roland Cornish (Chairman)                               Tel: 020 7628 3396

Cubitt Consulting                                                                                      
Brian Coleman-Smith / James Verstringhe                 Tel: 020 7367 5100 

Competent Person's Statement

The  technical  information contained in this announcement had been reviewed and approved by  Nick  Badham,
Managing  Director  of  Sirius, a qualified competent person in Europe and North  America  who  is  also  a
Chartered European Geologist having had almost 40 years relevant experience in the mining industry.

Dakota Salts

According  to  public documents, the 5,000 acre lease reaches over the prairie evaporate formation  of  the
Williston Basin - which is known to be one of the world's major deposits for salt and potash. The  deposits
in  North Dakota are a direct continuation of the well known potash deposits in Saskatchewan in Canada. The
area  has  been explored extensively with both drilling and seismic surveys in the search for oil  and  all
this data is publicly available from the state government.

Based  on  documents  in  the public domain, the salt and potash deposits in North Dakota  range  in  depth
between  5,000 and 12,000 feet. Geologists estimate that North Dakota holds some 50 billion tons of  potash
of which 10 billion tons is known to be economically recoverable using current technology.

Sirius Exploration

Sirius is quoted on the AIM market of the London Stock Exchange in London and is also planning to have  its
shares traded in North America through the use of an ADR facility.  Sirius currently has secured copper and
gold deposits in Macedonia and a royalty interest in a tungsten mine in China.

It  also  owns  51% Dakota Salts LLC, based in Denver, USA, which holds mineral leases in excess  of  5,000
acres in North Dakota, USA, allowing for the exploration and extraction of salt and potash and the creation
of  caverns  for  the  storage of natural gas and other hydrocarbons or the storage of compressed  air  for
electricity generation.

Contact Information

  • Sirius Exploration