NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SIRIOS RESOURCES INC. TSX VENTURE SYMBOL: SOI MAY 8, 2003 - 12:25 EST SIRIOS RESOURCES INC.: Progress Report on Tilly MONTREAL, QUEBEC, CANADA--An airborne magnetometric and electromagnetic survey as well as a compilation of all geological data was recently completed by SIRIOS RESOURCES INC. on its TILLY polymetallic property, James Bay, Quebec. Numerous polymetallic (molybdenum, copper-silver-gold) showings were discovered by SIRIOS through the years, including several km large molybdenum (copper) bearing hydrothermal breccias (ref.: press releases 12/08/2000, 11/29/2000). The airborne geophysical survey (EM data pending) outlined many magnetic anomalies in favourable and well located geological areas for copper-gold porphyry mineralization outside or surrounding the known hydrothermal breccias. One anomaly is located along the archean-proterozoic unconformity at the top contact between felsic volcanic (rhyolites) and sedimentary rocks. The latest field work led to the discovery of numerous new copper-gold and molybdenum showings indicating a metallic zonation from molybdenum to the west towards copper-gold to the east. Among the results(i), note sixteen rock panel samples (1m x 1m) taken over an area of 1,25 km x 500 m (new breccia Sans Nom) grading from 0,09% up to 1,77% of copper and averaging 0,47%. Two other rock pannel samples, taken between known breccias, graded 1,50% and 1,34% Cu (copper) and 151 and 988 ppb(ii) Au (gold) respectively. Furthermore, for the first time in this area, basalts and rhyolites (sericitised) were recognized. Work completed up to date led indicates that there is a good potential for porphyry and epithermal types of copper-gold mineralisation and that additional exploration work is fully warranted. SIRIOS is presently planning a new exploration program for this property to be carried out this year. (i) All samples were assayed by ICP method in ALS Chemex Chimitec Val d'Or laboratories. (ii) ppb : parts per billion, 1 000 ppb = 1g/t. Options granted to directors: A total of 485,000 share purchase options at $0,15 per Share was voted on March 27, 2003 by the Board of Directors to some directors, officers and employees. This options are valid until March 26, 2008. The TILLY property, (27 square km) wholly owned by SIRIOS (http://www.sirios.com/), is located 30 kilometers west of LG-4, James Bay, Quebec.For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961
