SIRIOS RESOURCES INC. (TSX-V: SOI) announces that it has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of approximately $1,142,000. Pursuant to the closing of this first tranche, the Corporation issued 19,033,332 units of the Corporation at a price of $0.06 per Unit. Each Unit consists of one common share of the capital of the Corporation and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of twenty-four months from the date of issuance.

Dominique Doucet, President and Chief Executive Officer of Sirios Resources, commented: “We wish to express our great appreciation for the financial support totaling $1,070,000 provided by, among others, the following Quebec-based funds: Caisse de dépôt et placement du Québec, SIDEX LP and NQ Investissement Minier at this first closing.”

The net proceeds from the sale of the Units will be primarily used by the Corporation to finance its working capital related to general and administrative expenses, Cheechoo’s infrastructure improvements, and other exploration activities. A second and final closing of the placement is scheduled for next week.

No finder’s fees were paid by the Corporation in connection with this closing. The Common Shares and the Warrants issued pursuant to this Offering are subject to a restricted hold period of four months and one day, ending on November 24, 2025, under applicable Canadian securities laws. The Offering remains subject to the final approval of the TSX Venture Exchange. Depending on market conditions, the Corporation may decide to close additional tranches of the Offering.

Under the Offering, an insider of the Corporation have subscribed for a total of 500,000 Units for a total consideration of $30,000, which constitutes a “related party transaction” within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions and TSXV Policy 5.9 – Protection of Minority Security Holders in Special Transactions. However, the insider that participated in the Offering disclosed their interests in the Offering and the directors of the Corporation who voted in favour of the Offering have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Units issued to the insider, nor the fair market value of the consideration paid exceeded 25% of the Corporation’s market capitalization. None of the Corporation’ directors have expressed any contrary views or disagreements with respect to the foregoing. A material change report in respect of this related party transaction will be filed by the Corporation but could not be filed earlier than 21 days prior to the closing of the Offering due to the fact that the terms of the participation of the non-related party and the related parties in the Offering were not confirmed.

This new release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Sirios Resources

Sirios Resources is a mining exploration company based in Quebec, focused on developing its portfolio of high-potential gold properties in the Eeyou Istchee James Bay, Canada.