MONTREAL, QUEBEC–(CCNMatthews – Feb. 8, 2006) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports that its working capital has been increased by an amount of $ 440,359 following the recent exercises of share purchase warrants and incentive stock options. An aggregate 2,681,818 warrants were exercised by their holders at respective strike prices of $0.13 (2,5 million) and $0.17 (181,818) per common share, while a total of 563,000 incentive stock options were exercised by three (3) officers and/or directors of SIRIOS at $ 0,15 per common share. Following the issuance of the new shares, SIRIOS will have 44,340,347 common shares issued and outstanding and a working capital of approximately 1 million dollars.
SIRIOS’ President stated: “These new funds will secure strong and systematic exploration programs on our KUKAMES, OPINACA NORD and PONTAX properties for the 2006 exploration season, in addition to other significant programs that will be carried out by our partner Golden Valley Ltd. (TSX-V Symbol: GZZ) on the properties forming the CHEECHOO project”.
New claims acquired in the Opinaca Area
A total of 590 new claims were recently added by SIRIOS to the KUKAMES and PONTAX properties, increasing the size of SIRIOS’ property holdings in the Opinaca Area to more than 1,795 square km (443,500 acres).
---------------------------------------------------------------------
Property Number of claims Area
---------------------------------------------------------------------
(square km)
---------------------------------------------------------------------
KUKAMES 973 506
---------------------------------------------------------------------
OPINACA NORD 517 269
---------------------------------------------------------------------
CHEECHOO (i) 306 159
---------------------------------------------------------------------
SHARKS (i) 271 141
---------------------------------------------------------------------
PONTAX 1 382 720
---------------------------------------------------------------------
Total : 3 449 1 795
---------------------------------------------------------------------
(i) The Cheechoo and Sharks properties are subject to an option
agreement with Golden Valley Mines Ltd.; together they form the
CHEECHOO project (ref. 09/29/2005 and 02/07/2005 Press Releases).
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961
