NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SIRIOS RESOURCES INC. TSX VENTURE SYMBOL: SOI MARCH 4, 2004 - 16:11 ET Update on Sirios' Activities MONTREAL, QUEBEC-- The following is an update of some of SIRIOS's active projects : DUSSIEUX Gold Property, Matagami Area, Quebec : Before the end of this month, SIRIOS will start a 500-meter diamond drilling program testing a strong carbonatisation (ankerite) lithogeochemical anomaly related to a shear or a fault zone. Gold anomalous values ranging from 55 ppb over 56 meters up to 2,36 g/t over 1 meter were previously outlined in the margin of this anomaly within quartz-feldspar porphyries. This geological context is favourable for gold deposits similar to the ones found in the Abitibi belt (ref.: 07/03/2003 Press Release). ESCALE Gold Property, LG-4 Area, James Bay, Quebec : SIRIOS previously clearly demonstrated that the iron formations occurring on this property are anomalous in gold over a strike length of more than 20 kilometers. Till surveys carried out in 1998 were successful in delineating a 10 km section of the volcano-sedimentary belt with high gold potential in sheared and/or complexly folded iron formations and associated volcanics and sediments (Musselwhite-Lupin type). The Escale property hosts actually several extensive untested geophysical conductors with some being coincidental with till gold anomalies. Even low grade gold zones occurring in hole E-04, drilled in 1996, (1.9 g/t Au/1.5 m and 1.5 g/t Au / 1.95 m) may be developed into higher grade and greater gold zones considering that the iron formation is untested for up to 5 km on strike (and at depth) to this specific location. Follow up will be initiated during the 2004 summer and will include limited geophysical surveys as well as a 1,000-meter diamond drilling program. TILLY Copper-gold-molybdenum, LG-4 Area, James Bay, Quebec : Numerous polymetallic (molybdenum, copper-silver-gold) showings were discovered by SIRIOS through the years on this property. A prospecting program, originally planned in 2003 will be carried out this summer. It will focus mainly on the eastern and north-eastern parts of the property where sixteen rock panel samples (1m x 1m) taken in 2001 over an area of 1,25 km x 500 m graded from 0,09% up to 1,77% of copper and averaged 0,47% and where two other rock pannel samples, taken between known breccias, graded 1,50% and 1,34% in copper and 151 and 988 ppb in gold respectively. (ref. : 05/08/2003). TERMINATION OF AGREEMENTS WITH AMAZONIA IN BRAZIL SIRIOS agreed to terminate agreements with Amazonia Mineracao Ltda. in Brazil. Following a careful review of the two brazilian projects, Garaffa and Terra Nova, as well as its original objectives for Brazil, the Board of Directors decided, in the best interest of the Company, to refocus its exploration activities in Canada, mainly in Quebec and Ontario. However, SIRIOS will continue to study opportunities in Brazil which may qualified to its development criteria. Furthermore, SIRIOS will maintain its dynamic leadership in base metals and gold exploration in Quebec and new projects will be added in the short term to those already in place.
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Dominique Doucet, CEO