NEWS RELEASE TRANSMITTED BY CCN NEWSWIRE

FOR: SIRIOS RESOURCES INC.

CDNX SYMBOL: SOI

DECEMBER 4, 2001 – 15:06 EST

$1,660,000 Public Offering by SIRIOS and DIOS

MONTREAL, QUEBEC–SIRIOS RESOURCES INC. (“SIRIOS”) and DIOS
EXPLORATION INC. (“DIOS”) announce that they were granted the
final receipt for a prospectus. The public offering consists of a
minimum of 400 A units, 107 B units and 300 C units and of a
maximum of 1,100 A units, 260 B units and 300 C units. Each
SIRIOS’ shares acquired through this offering will entitled its
holder to receive, without any additional cost, shares of DIOS
that SIRIOS will distribute to its shareholders as indicated in
its September 24, Press Release.

Each A unit includes 1,700 flow through shares of DIOS and 500
Common Shares of DIOS as well as 250 share purchase warrants. The
A unit also includes 1,167 flow through shares of SIRIOS and 333
Common Shares of SIRIOS as well as 167 share purchase warrants.

Each B unit includes 3,333 Common Shares of DIOS and 1,167 share
purchase warrants. SODEMEX, limited partnership, has agreed to
subscribe to 75 B units.

Each C unit includes 6,667 Common Shares of SIRIOS and 3,333 share
purchase warrants. SIDEX, limited partnership, has agreed to
subscribe to 200 C units while Fonds regional de solidatite FTQ
Nord du Quebec, limited partnership, will subscibe to 100 C units.

Share purchase warrant of SIRIOS shall entitle the holder thereof
the right to buy one Common Share at $0.20 per share on or before
May 28, 2003 while those of DIOS shall entitle the holder thereof
the right to buy one Common Share at $0.39 per share on or before
May 28, 2003. Units A, B and C, priced at $1,000 each, will be
sold separately and the minimum subscription is two units.
Canaccord Capital Corporation acts as underwriter of this
offering.

Funds raised by SIRIOS will be used to pursue exploration
activities on the SAMSON property located near Matagami
(zinc-copper) and the TILLY property (molybdenum-copper-gold)
while DIOS will focus on its diamond project 33 CARATS directly
adjoining the Ashton-Soquem project, north of Otish montains.

DIOS is a diamond explorer while SIRIOS is exploring and
discovering precious and base metals. Some 20,592,474 Common
Shares of SIRIOS are issued and outstanding. Common Shares of
SIRIOS are listed for trading on the CDNX under SOI. DIOS
received a conditional approval for listing on CDNX and must
fulfill all inscription conditions on or before January 28, 2002.

 

For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961

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