SIRIOS and DIOS start PONTAX project

 TSX-V : DOS   

MONTREAL, June 8 /CNW Telbec/ - Officers of DIOS EXPLORATION INC. are
pleased to announce the recent acquisition in partnership with SIRIOS
RESOURCES INC. (TSX V: SOI) of 912 claims (pending) forming the PONTAX
property. This new property covers close to 50,000 hectares (125,000 acres)
350 km north of Matagami along the paved road going to Radisson. This project
will test the diamond and metals potential of a poorly-explored region where
an important staking rush recently took place (more than 5,000 claims were
acquired for diamond and gold by various companies).
Under the agreement with SIRIOS, each partner has a 50% share, and the
acquisition and exploration costs are to be equally shared. A river sediment
and till sampling program should begin within the next weeks (financed 50-50
by the partners). Afterward, the process for kimberlite indicator minerals
(diamond) will be paid by DIOS, while the cost incurred for the gold and the
base metals will be paid by SIRIOS.
Depending of the future results, if the project should focus specifically
on the diamond, DIOS will have the option to buy back SIRIOS' share, by
repaying in cash or shares (acquisition and exploration costs) and SIRIOS will
keep a non-participating interest in the project. However, if it turn out as a
gold or base metals project, SIRIOS will have the option to buy back DIOS'
share under the same conditions.
The agreement is subject to the approvals of the regulatory authorities
and the independent members of each Board of the Company's.

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