October 30, 2006 12:30 ET

Significant Discovery of Two Showings on the DIOS' PONTAX Property: High Assay Values up to 1,665.0 g/t Ag and 6.7 g/t Au

MONTREAL, QUEBEC--(CCNMatthews - Oct. 30, 2006) - SIRIOS RESOURCES, partner of DIOS EXPLORATION (TSX VENTURE:DOS) on the PONTAX PROPERTY, discovered two significant mineralized showings on DIOS' PONTAX PROJECT, with a series of new assays up to 1 665,0 g/t silver and 6,7 g/t gold from the first high grade silver - gold showing discovered recently (ref.: August 24, 2006 press release) as well as the discovery of a second showing. Sixteen grab samples were collected on the discovery outcrop; the average metal grades of the 16 samples are as follows:

Silver g/t(i) Gold g/t Lead % Zinc %
Ave. Max. Min. Ave. Max. Min. Ave. Max. Min. Ave. Max. Min.
437.0 1,665.0 9.9 1.0 6.7 0.2 0.7 5.7 0.01 0.14 0.7 0.02
(i)g/t: grams per tonne
Ave.: 16 samples average
Max.: maximum
Min.: minimum

A second showing was discovered 400 meters away from the first one and at this point, only one grab sample was collected in this area, grading : 170 g/t silver, 1.38 g/t gold, 1.57% lead, 3.7% zinc and 1.07% copper. Samples were assayed at ALS-Chemex Laboratory, Val d'Or, Quebec.

The mineralized zone forming the first showing is of metric size width and outcrops over a length of 40 meters; it is open on both sides. It occurs along a silicified lithological contact with up to 15% sulfides. These sulfides comprise mainly pyrite and galena (lead sulfide) with traces of chalcopyrite (copper sulfide). A second outcrop showing similar characteristics is located approximatively 250 meters along strike. An exploration program is actually being carried out over a 2 sq. km area surrounding the discovery area. It includes line cutting, Induced Polarization geophysical ground survey, stripping, rock channeling sampling and geological mapping.

The PONTAX property, James Bay, Quebec, is located 350 km north of the town of Matagami along the paved road going to the town of Radisson. It includes more than 1,500 claims covering more than 800 square km and is explored in partnership with SIRIOS (TSX V : SOI). SIRIOS is actively exploring the Opinaca gold area, James Bay, Quebec and owns 9.5 % of the outstanding shares of DIOS.

This press release was prepared by M.J. Girard, M.Sc. geo, President of DIOS, Qualified Person.

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

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