NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SIRIOS RESOURCES INC. TSX VENTURE SYMBOL: SOI JANUARY 19, 2004 - 12:25 ET SIRIOS: Last Closing of Private Placement With Venture Capital Funds MONTREAL, QUEBEC, CANADA--SIRIOS RESOURCES INC. reports the last closing of the non-brokered private placement with venture Capital Funds as released on December 1st and 29th 2003. A total of 2,636,363 units of SIRIOS, for gross proceeds to the Company of $ 290,000, have been subscribed by SOCIETE DE DEVELOPPEMENT DE LA BAIE JAMES, FONDS REGIONAL DE SOLIDARITE FTQ NORD-DU-QUEBEC and "SODEMEX II Societe en commandite". The price is $0.11 per unit and each unit consists of one Common Share and half a warrant, one warrant entitling its holder thereof to subscribe for one Common Share at $0.15 per share for a period of 12 months after the closing dates (December 19, 2003 and January 15, 2004) and at $0.17 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 these placements shall be used by SIRIOS mainly for exploration activities on its Quebec properties and for general purposes. SIRIOS is discovering precious metals in Quebec and in Brazil. SIRIOS is the main shareholder of Dios Exploration Inc. (TSX Venture Exchange - DOS), one of the leaders in diamond exploration in the Quebec Otish region.
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Dominique Doucet, CEO