Mr. Dominique Doucet reports

SIRIOS ANNOUNCES THE FIRST CLOSING OF A PRIVATE PLACEMENT OF UNITS

Sirios Resources Inc. has closed the first tranche of its non-brokered private placement of units for an amount of $175,000. This private placement, offered to accredited investors, has been conditionally approved by the TSX Venture Exchange and is for a maximum of three million units offered at a unit price of 20 cents. Each unit consists of one common share of Sirios Resources and one-half warrant. Each warrant gives the holder the right to purchase one common share at a price of 26 cents during the 24 months following the closing date.

A total of 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 finders' fees were paid by the Sirios Resources. A last closing may take place by Nov. 9, 2018. The proceeds of the private placement will be used by Sirios Resources to develop the Cheechoo gold project and for general purposes of Sirios Resources.