Sirios Resources Inc.
TSX VENTURE : SOI

Sirios Resources Inc.

April 30, 2014 08:45 ET

Sirios Resources Inc.: Beginning of the Drilling Campaign on the CHEECHOO Gold Property

MONTRAL, QUEBEC--(Marketwired - April 30, 2014) - SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces the beginning of the diamond drilling campaign on the Cheechoo gold property adjacent to the Éléonore gold mine property of Goldcorp in James Bay, Quebec. Two drill holes will be executed at first followed by a temporary halt during the thaw. Once the conditions of access to land are re-established, the drilling program will restart along with the detailed prospecting and systematic rock sampling.

Recall that six drill holes completed on Cheechoo had previously localized a low-grade gold envelope with a minimum area of 250 X 525 metres and to a depth of 200 metres vertically (press release January 13, 2014). This envelope remains open at depth and in all directions except the south-east end.

The Cheechoo gold project is situated at less than 10 km from the Éléonore gold mine of the producer Goldcorp which the beginning of the production is planned at the end of 2014. This world-class deposit contains 4.03 million ounces of proven and probable gold mineral reserves and 4.10 million ounces of inferred gold mineral resources (Source: Goldcorp's press release, March 28, 2014). Sirios concluded in 2012 an agreement with Golden Valley Mines Ltd involving the Cheechoo property that, upon completion of certain obligations and counterparties, will increase its interest to 100% (Press release December 9, 2013). Sirios is the operator of the project.

This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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