Sirios announces the first closing of a private placement of units

TSX-V: SOI October 23, 2018

Sirios announces the first closing of a private placement of units

MONTREAL, QUEBEC- Management of SIRIOS (TSX VENTURE: SOI) is pleased to

announce the first closing of a non-brokered private placement of units for an amount of $175,000

CAD. This private placement, offered to accredited investors, has been conditionally approved by

the TSX Venture Exchange and is for a maximum o f 3,000,000 units offered at a unit price of

$0.20. Each unit consists of one common share of Sirios and one-half warrant. Each warrant gives

the holder the right to purchase one common share at $ 0.26 during the 24 months following the

closing date.

875,000 shares and 437,500 warrants were issued in the first closing. They are subject to a hold

period of four months and one day. No finder’s fees were paid by the Company. A last closing

may take place by November 9, 2018. The proceeds of the placement wil l be used by Sirios to

develop the Cheechoo gold project and for general purposes of the Company.

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

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For more information, contact:

Dominique Doucet, Eng., President and CEO [email protected]

Tel.: (514) 510-7961