Mr. Dominique Doucet reports

SIRIOS CLOSES THE SALE OF THE PONTAX PROPERTY

The management of Sirios Resources Inc. has completed the sale of the Pontax property, located in Eeyou Istchee James Bay, Quebec, pursuant to the terms and conditions of the sale and purchase agreement (SPA) entered into between the company, Cygnus Metals Ltd. (formerly Cygnus Gold Ltd.) and its wholly owned Canadian subsidiary, Avenir Metals (Canada) Ltd., on Feb. 16, 2023. As agreed, all ancillary agreements to the SPA were signed, and the company received a $1.2-million cash payment as well as 750,000 shares of Cygnus.

As previously announced in the press release dated Feb. 16, 2023, further payments and share issuances of up to $3-million and one million additional shares, respectively, are also anticipated in the event of a future delineation of a lithium resource on the Pontax property. The company will also hold a 1.5-per-cent net smelter return royalty on the Pontax property with a buy-back clause by Cygnus for 0.75 per cent in consideration of a $600,000 cash payment.

About Sirios Resources Inc.

Sirios is a Canadian-based mining exploration company focused on developing its portfolio of high-potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.

We seek Safe Harbor.