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]

Core Viewpoint - Star Gold Corp and Romios Gold Resources Inc. are entering into a share purchase agreement to acquire all shares of Romios' wholly owned affiliate, Romios Gold Nevada Inc., which includes the Scossa Mine Property and Kinkaid Property, aiming to enhance their portfolio and focus on near-term production in Nevada [1][2][6]. Transaction Details - The transaction involves a share roll-back of Star Gold on a 10-1 basis, resulting in approximately 13,589,069 shares outstanding [7]. - The closing of the Share Purchase Agreement is contingent upon a capital raise of at least USD 1.5 million and is subject to approval from the TSX Venture Exchange and the US SEC [7]. - The parties aim to finalize the Share Purchase Agreement by March 14, 2025, with a definitive deadline of March 31, 2025 [7]. Properties Overview - **Longstreet Property**: Comprises 125 mineral claims covering approximately 1,012 hectares in Nevada's Walker Lane, historically producing over 15 million ounces of gold. The main Au-Ag zone measures about 325 m long, 200 m wide, and 3 to 85 m thick [5]. - **Scossa Mine Property**: A historic property in NW Pershing County with 50 mining claims covering 541 hectares, known for high-grade gold production averaging over 1 oz/t Au. The mine operated from the 1930s to early 1940s [9]. - **Kinkaid Property**: Consists of 139 claims covering approximately 1,101 hectares, featuring high-grade Au-Cu+/-Ag vein deposits and several tungsten+/-gold skarn deposits. Notable assays include up to 16.55% Cu and 78.16 g/t Au [10]. Resource Estimates - The Scossa Mine has an in-pit indicated and inferred resource estimate of 101,100 ounces of gold and 2,459,000 ounces of silver, with a pre-tax IRR of 89% and an NPV of USD 53 million at a gold price of USD 1,500/oz and silver price of USD 18/oz [8]. Company Profiles - **Star Gold Corporation**: A leading mining company focused on high-quality mineral properties in Nevada, committed to sustainable practices and community engagement [14]. - **Romios Gold Resources Inc.**: A Canadian mineral exploration company engaged in precious and base-metal exploration, with interests in several significant properties including the Scossa and Kinkaid properties [15].

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]