Sirios completes capital raise of $5 Million

TSX-V: SOI August 2nd, 2017

Sirios completes capital raise of $5 Million

MONTREAL, QUEBEC -- Management of SIRIOS RESOURCES INC. (TSX

VENTURE:SOI) is pleased to announce the completion of a non -brokered private

placement today for a total amount of $5 million. This amount was raised by issuing

11,111,111 flow-through shares at $0.45 per share . Sirios will use t he proceeds of the

private placement for exploration fieldwork, mainly diamond drilling on Cheechoo , that

qualifies as Canadian exploration expenditures.

Finder’s fee of $300,000 was paid in addition to the issuance of 666,666 finder’s warrants.

Each warrant gives the holder the right to purchase one common share at $0.45 during the

eighteen months following the closing date. There will be a hold period of four months and

one day on all securities issued under this financing. The TSX Venture Exchange has

conditionally approved the private placement.

Sirios is also pleased to announce that, following completion of the private placement,

Goldcorp Inc. purchased 2,129,455 common shares of Siri os in a private transaction in

order to maintain its 19.0% of the share capital of Sirios on a partially diluted basis.

Cheechoo neighbours Goldcorp's Éléonore gold mine located in Eeyou Istchee James Bay

at 200 km east of Weminji. Sirios received the prestigious Discovery of the Year Award in

2016 by the Quebec Mineral Exploration Association for i ts Cheechoo gold discovery.

Please refer to Sirios' website for more information on this project.

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, President, Eng.

[email protected] Tel.: (514) 510-7961

Website: www.sirios.com Fax: (514) 510-7964