NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: SIRIOS RESOURCES INC.

ME SYMBOL: SOI

FEBRUARY 25, 2000

SIRIOS Well Positioned in Ontario Diamond Play

MONTREAL, QUEBEC–SIRIOS RESOURCES INC. (“SIRIOS”) is well
positioned in a very favourable diamond area located in Ontario.
Band-Ore Resources Ltd. announced very recently a significant
surface diamond discovery (more than 45, up to 98) between Wawa
and Kapuskasing, some ten townships south-west of the SIRIOS
SCHOLFIELD diamond property. A staking rush is actually ongoing
in this area, confirming the potential of the SCHOLFIELD 200 claim
property, strategically located upstream from diamond indicator
mineral occurrences uncovered within glacial soils (ref.: 99/09/30
press release).

SIRIOS is in a good financial position and pursues exploration
work effort, alone or through partnerships, on its other zinc,
copper-nickel and gold properties (James Bay). SIRIOS just
completed the last closing of its prospectus financing. The first
closings were made public in a January 18 press release. A total
of 129 B units were subscribed in this last closing for proceeds
of $96,750 and 645,000 new Common Shares shall be issued for a
total of 16,162,141 SIRIOS’s Common Shares issued and outstanding.
A total of 645,000 warrants shall also be issued, enabling their
holder thereof to subscribe one SIRIOS’s Common Share for $0.20 on
or before May 29, 2001.

Falconbridge Corporation ltd indicated to SIRIOS and its partner,
Maude Lake Exploration ltd, that diamond drilling shall soon be
undertaken (some 200 metres) on their copper-nickel LAC ROCHER
property. This drilling shall test a significant electromagnetic
anomaly uncovered by airborne surveys and recently confirmed as
very interesting in a ground geophysical survey within a
geological context deemed more than favourable for nickel
mineralisation occurrences. Grades up to 0.84 % nickel were
returned from first prospecting work carried out by Falconbridge
on this property held by SIRIOS and Maude (ref.: 99/11/30 press
release).

 

For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961

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