SIRIOS: Update Report on Exploration Programs, James Bay, Quebec

MONTREAL, QUEBEC–(EMWNews – July 16, 2008) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) provides an update on the current exploration activities taking place on some of it’s projects in the James Bay area, in Quebec.

URANIUM – UPINOR AND OPINACA NORD PROJECTS:

A diamond drilling program was recently completed in partnership with Dios Exploration Inc. (TSX VENTURE:DOS) on the UPINOR uranium property. Twelve drill holes totaling approximately 1,300 meters and spread over a 3,3 km strike length have intersected the radioactive geological units previously prospected at surface (ref.: 06/05/2008 and 02/26/2008 press releases) including a 35 meters thick pegmatitic dyke. Assays results are pending. Furthermore an helicopter-borne spectrometry and magnetometric survey is being carried out to cover the whole 780-claims property (400 square km) which was expanded following the encouraging results obtained in 2007. More to the south, on the OPINACA NORD property, another but first helicopter-borne spectrometry and magnetometric survey was recently completed.

MOLYBDENUM (COPPER-GOLD) – TILLY PROJECT:

Spectrometry, magnetometric and induced polarization grounds surveys were recently completed on the TILLY property as well as the ground check of numerous drilling targets resulting from the 2007 geological and geophysical surveys. Diamond drilling is scheduled in August on this property.

GOLD – KUKAMES (Opinaca -Eleonore Area) AND ESCALE PROJECTS:

Prospecting and rocks sampling are planned to be done in the next few weeks on these two properties.

Please refer to the location map of the projects available on the SIRIOS’ web site at: http://www.sirios.com/gestion/soi_prj.pdf.

This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, Qualified Person.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company’s ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof. Accordingly, readers should not place undue reliance on such forward-looking statements.