Montreal, Quebec--(Newsfile Corp. - February 27, 2026) - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios") and OVI Mining Corp. ("OVI") are pleased to announce the completion of their previously announced business combination by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). Under the Transaction, Sirios acquired all of the common shares of OVI (each, an "OVI Share") outstanding immediately prior to the effective time of the ...

Montreal, Quebec--(Newsfile Corp. - February 25, 2026) - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios" or the "Company") will be exhibiting at Booth #2910 during the Prospectors & Developers Association of Canada (PDAC) Convention, taking place March 1-4, 2026 at the Metro Toronto Convention Centre in Toronto. The Company's participation follows the recent announcement that OVI shareholders overwhelmingly approved the proposed arrangement to be acquired by Sirios, resulting in a strengthened m ...

Core Viewpoint - OVI Mining Corp. has received shareholder approval for a plan of arrangement where Sirios Resources Inc. will acquire all outstanding shares of OVI, with shareholders receiving 2.34 common shares of Sirios for each share held [1][2][4]. Shareholder Meeting - The special meeting of shareholders was held to vote on the Arrangement Resolution, which was overwhelmingly approved with 100% of votes cast in favor [2][4]. - A total of 39,400,544 shares were represented at the meeting, accounting for approximately 69.90% of the issued and outstanding shares [3]. Arrangement Details - The Arrangement involves Sirios acquiring all issued and outstanding shares of OVI through a court-approved plan, as outlined in the arrangement agreement dated December 10, 2025 [2][4]. - The Arrangement Resolution required a two-thirds majority of votes cast by shareholders and a simple majority from minority shareholders, both of which were achieved [5][6]. Next Steps - The Arrangement is expected to become effective around February 27, 2026, pending a final order from the Supreme Court of British Columbia and the satisfaction of customary closing conditions [6]. - A hearing for the final court order is scheduled for February 23, 2026 [6]. Company Overview - OVI Mining Corp. is a privately-owned exploration stage company focused on acquiring, exploring, and developing mineral properties in North America, with full ownership of the Corvet Est and PLEX properties [8].

Core Viewpoint - Sirios Resources Inc. has successfully raised capital through the exercise of warrants and options, enhancing its financial flexibility for exploration and investor programs in 2026 [1][2]. Group 1: Financial Developments - The exercise of 10,209,000 warrants and 1,750,000 options has generated $1,516,080 for the company, resulting in the issuance of 11,959,000 shares, bringing the total outstanding shares to 397,933,426 [1]. - The capital infusion is expected to support the company's strategic initiatives, including a proposed combination with OVI Mining Corp. [2]. Group 2: Strategic Initiatives - The company plans to expand its investor outreach and enhance market visibility through participation in key industry conferences and investor events in major Canadian cities [3]. - Sirios has engaged Investing News Network (INN) for a one-year investor awareness campaign at a cost of $60,000, aimed at increasing overall investor reach [4]. - Additionally, the company has initiated an advertising and marketing program with Resource Stock Digest (RSD), involving an initiation fee of $8,500 and a monthly cost of $2,450 for the first three months, extendable to 18 months [5]. Group 3: Leadership Transition - Dominique Doucet, the current CEO, will be joined by Jean-Félix Lepage, who will take over as CEO after the closing of the transaction with OVI Mining, for a series of investor events [2]. Group 4: Company Overview - Sirios Resources is a mining exploration company based in Quebec, focused on developing high-potential gold projects in the Eeyou Istchee James Bay region of Canada [7]. - The acquisition of OVI Mining, announced on December 11, 2025, is considered a landmark event in the company's history [7].

Core Points - Sirios Resources Inc. announced that all resolutions presented at the annual meeting on December 11, 2025, were approved by shareholders, including the appointment of directors and auditors, and the renewal of the stock option plan [1][2] - The Board of Directors re-elected Ms. Colinda Parent, Mr. Luc Cloutier, Dominique Doucet, Guy Le Bel, and Robert Ménard, with approval ratings between 97.7% and 98.4%, and over 15.7% of shareholders participated in the voting [2] - Mr. Frederic Sahyouni was re-appointed as Chief Financial Officer and Secretary, while Mr. Dominique Doucet and Robert Ménard were re-appointed as President and Chief Executive Officer, and Chairman of the Board respectively [3] - The Board granted 5,300,000 stock options to employees, consultants, directors, and officers at an exercise price of $0.17 per share, with a duration of five years [4] - Sirios Resources is focused on developing high-potential gold projects in the Eeyou Istchee James Bay region of Canada and announced the acquisition of OVI Mining, marking a significant event in the company's history [5]

Core Insights - Sirios Resources Inc. has reported significant assay results from its 2025 summer diamond drilling campaign at the Aquilon gold project, indicating a high-potential gold halo in the western sector of the project [1][3]. Drilling Program Details - A total of 13 drill holes were completed, amounting to 5,420 metres, in a previously underexplored area west of historical gold showings [2]. - The drilling results outline a new mineralization context characterized by high-grade gold intervals surrounded by a lower-grade halo [10]. Gold Halo Discovery - A strongly anomalous gold halo has been discovered, extending over more than one kilometre in length and several hundred metres in width, remaining open in all directions [3]. - The halo is defined by 538 core samples from six drill holes, with local gold grades reaching up to 10.3 g/t Au and a weighted average grade of 0.26 g/t Au [3]. Key Drill Intervals - Notable drill intervals include: - Hole AQ25-113: 2.78 g/t Au over 1.2 m - Hole AQ25-123: 2.09 g/t Au over 1.0 m - Hole AQ25-119: 2.55 g/t Au over 4.8 m, including 10.3 g/t Au over 1.0 m - Hole AQ25-118: 5.51 g/t Au over 1.0 m [5][6]. Future Exploration Plans - An additional core sampling program of 1,496 metres has been completed to infill unsampled intervals within the gold corridor, with forthcoming assay results expected to refine the corridor's geometry and average grades [11]. - The western sector of Aquilon has been prioritized following the identification of gold-in-soil anomalies during previous sampling campaigns [12]. Project Background - The Aquilon gold project consists of 140 mineral claims covering an area of 68 km², located in Eeyou Istchee James Bay, Quebec [14]. - The project has previously reported some of the highest gold grades in Quebec, including notable drill intercepts [14]. Funding and Partnerships - The drilling program is funded by Sumitomo Metal Mining Canada, which will gain a 51% interest in the Aquilon project upon exceeding a commitment of $4.8 million [13].

Core Insights - Sirios Resources Inc. has successfully completed upgrades to the access road for its Cheechoo gold project, achieving the work on time and within budget while maintaining a strong safety record [1]. Company Overview - Sirios is focused on advancing high-potential gold projects in the Eeyou Istchee James Bay region of Québec, with the Cheechoo project being central to its sustainable growth strategy [2]. - The Cheechoo gold project is 100%-owned by Sirios and is located less than 15 km from Dhilmar's Éléonore gold mine, recognized for its potential for both large-scale open-pit mining and higher-grade underground development [2]. - Cheechoo is positioned as the company's flagship project, serving as a key asset for future growth and value creation [2].

Core Viewpoint - Sirios Resources Inc. has filed a Technical Report on the Cheechoo Gold Project, revealing significant increases in gold resources and grades, indicating strong potential for further development [1][2]. Summary by Sections Mineral Resource Estimate (MRE) Highlights - The updated MRE includes 1.3 million ounces of indicated resources at a grade of 1.12 g/t Au and 1.7 million ounces of inferred resources at 1.23 g/t Au [6]. - There is a notable increase in gold grades compared to the 2022 MRE: a 19% increase in the open-pit indicated grade (from 0.94 g/t Au to 1.12 g/t Au) and a 38% increase in the open-pit inferred grade (from 0.73 g/t Au to 1.01 g/t Au) [6]. - The report indicates a low strip ratio of 2.9:1 and a conceptual exploration target of 31 to 40 million tonnes of mineralization grading between 1.27 to 1.45 g/t Au [6]. Drilling and Exploration - The updated MRE is based on 345 drill holes totaling 82,717 meters, with 8,660 meters drilled since 2022 [5]. - The report recommends a two-phase follow-up work program, including a Preliminary Economic Assessment (PEA) on the Cheechoo Deposit and further drilling to expand the MRE and identify new exploration targets [4][7]. Project Overview - The Cheechoo Gold Project is located in the Eeyou Istchee James Bay territory of Québec, less than 15 km from the Éléonore gold mine, and is 100% owned by Sirios [14]. - The project is recognized for its significant expansion and development potential, targeting both large-scale open-pit and higher-grade underground mining scenarios [14].

Core Insights - Sirios Resources Inc. has announced positive results from its Fall-Winter 2024-25 drilling program at the Cheechoo gold project, validating its new vision for the project which includes potential for both open-pit and underground mining [1][2][9] Drilling Program Highlights - The drilling program consisted of nine holes completed between November 2024 and February 2025, totaling 3,347 meters drilled [7] - Consistent gold mineralization was intercepted in all drill holes, confirming the geological team's predictions [2] Assay Results - Significant assay results include: - 13.48 g/t Au over 14.6 m, including 123.94 g/t Au over 1.0 m (CH25-321) [4] - 56.41 g/t Au over 2.0 m, including 110.65 g/t Au over 1.0 m (CH25-317E) [4] - 83.20 g/t Au over 1.1 m (CH25-317E) [4] - 1.92 g/t Au over 34.0 m, including 20.52 g/t Au over 1.0 m (CH25-325) [4] Geological Model Development - The geological team is developing a new model based on the 2024 data review and recent drill results, which will lead to an upcoming Mineral Resource Estimate (MRE) update [2] Cheechoo Gold Deposit Characteristics - The Cheechoo gold deposit is characterized by multiple gold-enriched zones within a tonalite intrusion, suggesting the presence of additional high-grade zones beyond the current MRE boundaries [8] - The most recent MRE reported indicated resources of 1.4 million ounces at an average grade of 0.94 g/t Au and inferred resources of 500,000 ounces at an average grade of 0.73 g/t Au [12] Location and Strategic Importance - The Cheechoo property is located less than 15 km from Newmont's Éléonore gold mine, indicating its strategic position within a promising mining region [9]

Company Updates - Sirios Resources Inc. has granted 100,000 stock options to its Chief Financial Officer and Secretary, with an exercise price of $0.055 per share and a duration of five years [1] - The company will participate in the 93rd annual PDAC Convention from March 2 to March 5, 2025, at the Metro Toronto Convention Centre [2][4] - Sirios' technical team and management will be available at their booth during the convention, and CEO Dominique Doucet will present on March 4 at 3:19 p.m. during the Gold 3 Session [3]