Sirios and Sphinx discover four gold anomalies in tills on the Cheechoo-Éléonore-Trend Property

TSX-V: SOI June 1, 2017

Sirios and Sphinx discover four gold anomalies in tills on the

Cheechoo-Éléonore-Trend Property

MONTREAL –Sirios Resources Inc. (TSX-V: SOI) and its partner Sphinx Resources Ltd

(TSX-V: SFX) are pleased to announce the discovery of four gold anomalies in tills on the

Cheechoo-Éléonore-Trend property (the “Property”) located in Eeyou Istchee James Bay

territory, Quebec. The anomalies are mainly characterized by several delicate gold grains and

heavy mineral concentrate assay results between 100 and 1,850 ppb Au, indicative of a proximal

source on the Property.

Based on a conceptual geological model, the Property was staked in 2016 along a SE-NW axis

that connects Sirios' Cheechoo gold discovery, the Éléonore gold mine owned by Goldcorp Inc.

and known gold occurrences in the Sakami Lake area. Last fall, 195 samples of glacial till

sediments, spaced a pproximately 200 metres, were collected a long the SW boundary of the

Property. In addition to delicate morphologically intact gold particles and anomalous gold

values, the anomalies display elevated values in silver, arsenic, copper, tin, molybdenum and

tungsten.

The partners have approved a $200,000 budget for the first phase of the 2017 follow -up program

starting this week. It consists of till sampling up -ice of the glacial flow direction on a closer

spacing, as well as follow -up prospecting over the prospective areas outline by the four gold

anomalies.

Sphinx and Sirios created a 50-50% joint venture to explore the 551 claims of the Property, with

Sirios being the operator ( press release of November 3 2016 ). The southeastern extremity of the

property is situated approximately 24 km northwest of the Éléonore mine with road access within

14 km of the property

A location map of the Property showing the 2016 till samples' site is available at the following

link: http://sirios.com/images/CET-till-survey.jpg

Assay quality control

The 2016 till sampling program was completed by Les Consultants Inlandsis (“Inlandis”) of

Montreal with the collaboration of the Table jamésienne de concertation minière (“TJCM”) of

Chibougamau. This survey included a quality control program that used 29 sample duplicates.

Samples were examined and sieved to extract fine fraction subsamples (-63 µm) as well as a

heavy mineral concentrate (-4 mm fraction). The fine fraction of the till samples was prepared by

Inlandsis and then chemically assayed using ICP-MS (code 41L) by ALS Minerals in Val-d’Or,

Quebec, an analytical and testing laboratory with ISO 17025 accreditation. The heavy mineral

concentrate was assayed using neutron activation (code 3A-Large HMC) by Activation

Laboratories Ltd. in Ancaster, Ontario, a laboratory with ISO 17025 accreditation.

Jacquelin Gauthier, Geo., Qualified Person pursuant to National Instrument 43 -101, has verified

the technical information of this press release, as well as reviewing the final text.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

-30-

For more information, please contact:

Dominique Doucet, President

Tel. : (514) 510-7961

Fax : (514) 510-7964

[email protected] website : www.sirios.com