Sirius Exploration
LSE : SXX

May 08, 2009 07:11 ET

Issue of Equity

                                                                                                    
                                                  
For Immediate Release                                                              8 May 2009

                                       Sirius Exploration Plc
                                     ("Sirius" or the "Company")
                                                  
                                                                                                    
                                    Issue of New Ordinary Shares

The Company has, today, issued 1,250,000 new Ordinary Shares of 0.25p ("Ordinary Shares") each at  a
price  of  2.25p per share to Southern Star Investments Plc (the "Placing") thereby raising £28,125.
In  connection  with this Placing the Company has also issued 625,000 options over  Ordinary  Shares
exercisable at 4.5p for 2 years from the date of issue. The proceeds of the Placing will be used  to
cover the Company's ongoing working capital requirements.

The  1,250,000  new  Ordinary  Shares will rank pari passu with the  existing  Ordinary  Shares  and
application  will be made for these shares to be admitted to trading on AIM and trading is  expected
to commence on 14 May 2009.

The Company's issued share capital following this share issue is 132,822,084 Ordinary Shares.
                                                  

Further Information:

Richard Poulden
Chairman, Sirius Exploration Plc.                                  Tel: +971  556 232 672
richard.poulden@siriusexploration.com

Beaumont Cornish
Roland  Cornish                                                    Tel:  020 7628 3396
      
Gth media relations
Toby Hall                                                          Tel: 020 7153 8039
Christian Pickel                                                   Tel: 020 7153 8036
      
Website: www.siriusexploration.com                         Sirius Share Price



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