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SIRIOS: Option on the Escale Gold Property Increased to $1.3 M MONTREAL, QUEBEC--(MARKET WIRE)--Aug 5, 2008 -- SIRIOS RESOURCES INC. (CDNX:SOI.V - News) announces some modifications
made to the ESCALE option agreement terms concluded with
a private exploration company and announced on July 17 of
this year. According to the modified option agreement, the
new partner shall be granted a 50% interest in the property
for exploration expenditures totaling 1.25 million canadian
dollars over four years, including a firm 150,000 $ commitment
the first year. No changes were made to the payments terms
totalling $50,000 and SIRIOS remains the operator during
the earn-in period. The option agreement has been approved by the Company's Board of Directors but is still subject to the approval of the regulatory authorities. For more information regarding the ESCALE property, please refer to the July 17, 2008 press release. This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, Qualified Person.
Contact: Contacts:
Sirios Resources Inc.
Mr. Dominique Doucet, Pres
514-510-7961
514-510-7964 (FAX)
ddoucet@sirios.com
http://www.sirios.com
MI3 Financial Communications
514-904-1333
Source: Sirios Resources Inc.
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