Sirios Resources Inc.
TSX VENTURE : SOI

Sirios Resources Inc.

October 15, 2012 12:37 ET

SIRIOS: Shareholders Approve Consolidation of Shares

MONTREAL, QUEBEC--(Marketwire - Oct. 15, 2012) - Shareholders of SIRIOS RESOURCES INC. ("Sirios") (TSX VENTURE:SOI) have approved the resolution allowing the consolidation of the common shares of the Company during the Special Meeting of shareholders held on October 12, 2012. Ninety-two percent of votes expressed at the meeting were in favour of the proposed resolution. A Certificate of Amendment was obtained by Sirios for the consolidation of the common shares, which consists of one (1) new share of Sirios for each tranche of seven (7) common shares of Sirios currently issued and outstanding. The consolidation will reduce the number of Sirios' shares issued and outstanding to around 17.4 million shares. The TSX Venture Exchange has indicated that the new shares of Sirios, whose name and symbol will remain unchanged, will begin trading as of the opening of the markets on Wednesday, October 17.

Sirios has already sent a letter of transmittal to its registered shareholders which outlines the procedures to follow in order to exchange their certificates of current shares of Sirios for new certificates representing post-consolidation common shares. Shareholders are asked to carefully read the letter's instructions in order to receive their new share certificates. They can also contact Sirios by email at newsletter@sirios.com or by telephone at the number listed below.

The Company's management is confident that Sirios will successfully continue its exploration activities. In the short to medium term, Sirios will focus on its Cheechoo gold project, on its high grade gold property Aquilon, and on new project generation, such as the AAA project.

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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