SIRIOS Resources Inc.: Visible Gold Observed in a New Drill Hole on the CHEECHOO Gold Property

MONTRAL, QUEBEC--(Marketwired - Oct. 21, 2014) - SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces that, as already reported in six diamond drill holes carried out in previous campaigns, visible gold specks were observed in hole #18 completed in the last few days on the CHEECHOO gold property. The drill program, now completed, consisted of two drill holes (#18 and #19) as well as the deepening of around 100 meters of the vertical hole #17, for a total of 522 meters drilled. Drill holes #18 and #19 were located between holes #16 and #17 where an undrilled gap of 450 meters occurred.

Assays results from the recent drilling are expected in the next few weeks. Some drill core from hole #18 will be exhibited at the Sirios' booth at the Annual Convention of the Quebec Mineral exploration Association being held this week in Montreal.

Sirios discovered and started to delineate a very large gold bearing envelope within a granitic intrusion (tonalite) which extends over more than 1,1 km and is open at depth as well as to the west and north-west directions. It contains, in addition to numerous metric to decametric gold zones grading between 1 and 2 g/t Au, the JORDI zone which graded up to 6.9 g/t Au over 6.5 m; 26.4 g/t Au over 0.6 m et 4.1 g/t Au over 5.6 m (ref. 09/12/2014 Press Release). Visible gold, which indicates that gold is free and of coarse size, was observed at many places in seven of the thirteen drill holes that up to now intercepted the gold bearing envelope on CHEECHOO.

The Cheechoo gold project is situated at James Bay, Quebec, at 800 km north of Montreal and at less than 10 km from the Éléonore gold mine of the producer Goldcorp which started last week gold production. 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 current interest from 45% 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.