MONTREAL, QUEBEC--(Marketwired - Aug 4, 2016) - Management of SIRIOS (TSX VENTURE:SOI) is pleased to announce the signing of an agreement with Golden Tag Resources Ltd. concerning the acquisition of the undivided interest of 50% held by Golden Tag in the Aquilon property that covers approximately 50 square kilometres and located south of the LA-1 hydro-electrical complex, in James Bay, Quebec. The consideration payable by Sirios for this acquisition will be $820,000, allocated as follows: $250,000 in cash and $570,000 by the issuance of 1,000,000 shares at a deemed price of $0.57 per share. The completion of the acquisition is subject to the approval of the TSX Venture Exchange. At the closing of this transaction, Sirios will hold 100% of the Aquilon property and Soquem Inc. will retain a 1% NSR royalty, half of which is redeemable for $500,000.