MONTREAL, QUEBEC–(Marketwire – Nov. 12, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) wish to announce it has signed today a one-year contract with MI3 Financial Communication Services Inc., a group of investor relations specialists based in Montreal. The objective is to increase the visibility of the projects and of the company within the financial community, and to target potential private and institutional investors.
The consideration is $4,000 per month and an option on 150,000 Common Shares of SIRIOS at 30 cents per share for the duration of the contract. This option is in accordance with the TSX Venture Exchange rules and the options have to be acquired gradually over a period of 12 months with a maximum of 25 per cent for one quarter. The shares received have to be held for a period of four months from the date of issue of the option. This agreement is conditional upon the approval of the TSX Venture Exchange
SHARE OPTION PLAN
SIRIOS also wishes to announce that the Board of Directors adopted a modification to its share option plan to increase to 6 million the number of shares reserved for issuing through the plan. This modification has been approved by the TSX Venture Exchange.
SIRIOS RESOURCES INC. aims to discover world-class gold or base metals deposits in the James Bay region of Eastern Canada.
This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, Qualified Person.
The TSX Venture 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
