NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: SIRIOS RESOURCES INC.
TSX VENTURE SYMBOL: SOI
JUNE 14, 2002 – 09:03 EDT
SIRIOS RESOURCES INC.: Strategic Alliance With AMAZONIA
MINERACAO of Brazil
MONTREAL, QUEBEC, CANADA–Officers of SIRIOS RESOURCES INC. are
pleased to announce that SIRIOS and AMAZONIA MINERACAO LTDA,
(“Amazonia”), a private corporation of Brazil, have agreed to
enter into a strategic alliance to explore and develop high grade
gold deposits with near term production potential in Brazil.
A letter of intent has been signed by both parties to define the
general terms of the strategic alliance. The agreement between
SIRIOS and Amazonia is subject to certain conditions, to
successful completion of a due diligence by SIRIOS and to Board’s
approval. Both parties have agreed to conclude a definitive
agreement as soon as possible. Agreements on specific Brazilian
projects will be announced in the near future.
Dominique Doucet, President and CEO of SIRIOS, said that :”the
alliance with Amazonia is a major turning point for SIRIOS as it
will now focus on exploring and developing high grade gold
deposits with near term production potential in Brazil and Canada.
We are very pleased to become a major partner with such a highly
qualified group of professionals active in Brazil. This strategic
association will accelerate the development of our company towards
becoming a profitable gold producer, with a significant cash flow
in the near to mid-future”.
One of the most active mining exploration companies in Quebec,
SIRIOS was awarded Prospector of the Year by the QPA, for a high
grade gold discovery in Quebec. SIRIOS is also the major
shareholder of DIOS EXPLORATION INC. (TSX – DOS) a leader in
diamond exploration in the Otish Mountains area, Quebec.
For more information:
Dominique Doucet, CEO