NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SIRIOS RESOURCES INC. TSX VENTURE SYMBOL: SOI JULY 15, 2004 - 15:50 ET SIRIOS: Closing of a Private Placement With SIDEX Limited Partnership MONTREAL, QUEBEC, CANADA--(CCNMatthews - Jul 15, 2004) - SIRIOS RESOURCES INC. reports the closing of a non-brokered private placement with SIDEX, limited partnership, which subscribed a total of 1,500,000 units of SIRIOS, for gross proceeds to the Company of $150,000. The price is $0.10 per unit and each unit consists of one Common Share and a warrant, one warrant entitling its holder thereof to subscribe for one Common Share at $0.13 per share for a period of 12 months after the closing date and at $0.15 during the next 12 months. There is a hold period of 4-months on all shares issued. There were no fees related to this financing neither as cash nor share issuance. The proceeds of this placement shall be used by SIRIOS for exploration activities on the VAL-D'OR NICKEL copper-nickel property located 60 km north-east of Lebel sur Quevillon, Quebec (ref.: May 6, 2004 Press Release). SIRIOS is discovering precious and base metals in Quebec. SIRIOS is the main shareholder of DIOS EXPLORATION INC. (TSX Venture Exchange - DOS), one of the leaders in diamond exploration in Quebec. The Diversification of Exploration Investment Partnership (SIDEX Limited Partnership) was established by the Government of Quebec and the Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in mineral exploration in Quebec.
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Dominique Doucet, CEO