SIRIOS Resources Inc.
TSX VENTURE : SOI

SIRIOS Resources Inc.

April 12, 2007 17:00 ET

Sirios Resources Inc.: C$2 Million Brokered Private Placement

MONTREAL, QUEBEC, CANADA--(CCNMatthews - April 12, 2007) - Sirios Resources Inc. (TSX VENTURE:SOI) announces a brokered placement of up to 5,405,406 Units at a price of $0.37 per Unit. Each Unit is comprised of one Common Share of SIRIOS and one-half warrant. Each full warrant will entitle its holder thereof to purchase one Common Share of SIRIOS at $0.50 for 12 months after Closing and at $0.60 for a further 12 months.

This non-flow through offering will be made to accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of British Columbia, Alberta, Ontario, and Quebec, in reliance upon applicable exemptions from registration and prospectus requirements. The closing is expected to occur around April 27th, 2007, and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A cash commission equal to 8% of the gross proceeds, as well as broker warrants entitling to purchase a number of Units equal to 10% of the Units sold pursuing to the offering, at a price of $0.37 per Unit, will be payable by the Corporation to Becher McMahon Capital Markets Inc. The Agent may form a selling group.

The proceeds from this placement will be used by SIRIOS for exploration mainly on its PONTAX (silver), KUKAMES (gold) and TILLY (molybdenum) properties, all located in the James Bay Area of Quebec, as well as for general purposes and working capital. Please refer to the SIRIOS' web site for additional information on those properties.

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

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