eResearch

eResearch

October 02, 2007 15:52 ET

eResearch Maintains $0.30 Target Price on Sirios Resources Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2007) - eResearch analysts, Stephen Mussart, B.A. (Economics), MBA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Update Report on Sirios Resources Inc. (TSX VENTURE:SOI). Sirios Resources is a Canadian junior mining company whose focus is on discovering gold and base metals deposits in the James Bay area of northern Quebec.

In the Report, the Analysts state that Sirios Resources "... has huge potential. If its promising exploration program is successful, particularly on the Pontax silver-zinc property over the next 2-3 years, the stock should see substantial appreciation."

Highlights of the report include:

- Substantial property portfolio of 10 properties in the James Bay region of Quebec - an under-explored mining-friendly region.

- Recent option agreement with Dios Exploration Inc. to explore for uranium at Opinaca Nord.

- Low cash burn rate.

- Experienced and credible management team with the ability to develop quality grassroots projects.

- Sufficient funds available to conduct its 2007 exploration campaign - mainly at Pontax (silver), Kukames (gold) and Tilly (molybdenum).

- "Speculative Buy" Recommendation is maintained, as well as 12-month Target Price of $0.30 per share.

This Press Release was prepared by eResearch and was not vetted by Sirios Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Sirios Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Sirios Resources Inc. paid eResearch a fee of C$17,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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