SOI Sirios Resources Inc

This document corrects and replaces the press release that was sent today at 9
AM EST. Please note that the link to the Information Circular has been changed. 


SIRIOS RESOURCES INC. (TSX VENTURE:SOI), in the context of the upcoming annual
and special shareholders' meeting on December 10th 2013 (the "Meeting"),
announces the adoption by its Board of Directors of a Shareholder Rights Plan,
By-Law 2013-1 incorporating an advance notice provision for nomination of
directors and amendments to the stock option plan. 


Shareholder Rights Plan 

The Rights Plan is designed to encourage the fair treatment of shareholders in
connection with any takeover offer for the Corporation. The Rights Plan will
provide the Board of Directors and the shareholders with more time to fully
consider any unsolicited takeover bid for the Corporation without undue
pressure. The Rights Plan will also allow the Board of Directors to pursue, if
appropriate, other alternatives to maximize shareholder value and to allow
additional time for competing bids to emerge. 


The Rights Plan is not being proposed in response to, or in anticipation of, any
acquisition or takeover offer and is not intended to prevent a takeover of the
Corporation, to secure continuance of current management or the directors in
office or to deter fair offers for the Common Shares. The Rights Plan seeks to
protect shareholders by requiring all potential bidders to comply with certain
minimum conditions. The full text of the Rights Plan is contained in an
agreement entered into on October 30, 2013 between the Corporation and the
Rights Agent, which agreement is available at www.sedar.com. 


The Rights Plan, which has been conditionally approved by the TSX Venture
Exchange, is effective since October 30, 2013 and will continue to be effective
unless it is not confirmed by the shareholders of the Corporation at the
Meeting. The Rights Plan is essentially identical to the one adopted by the
shareholders of the Corporation in 2006 and which remained effective until 2009.
Also, the Rights Plan is similar to the rights plans adopted by various public
corporations. 


By-Law 2013-1 

By-Law 2013-1, which provides for an amendment to the By-Laws of the
Corporation, includes a provision that requires advance notice to the
Corporation in circumstances where nominations of persons for election to the
Board are made by shareholders of the Corporation other than pursuant to (i) a
requisition to call a shareholders' meeting made pursuant to the provisions of
the Canada Business Corporations Act (the "CBCA"), or (ii) a shareholder
proposal made pursuant to the provisions of the CBCA (the "Advance Notice
Provision"). 


Among other things, the Advance Notice Provision fixes a deadline by which
holders of record of common shares of the Corporation must submit director
nominations to the Corporation prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must include in
the notice to the Corporation for the notice to be in proper written form. 


In the case of an annual meeting of shareholders, notice to the Corporation must
be made not less than 30 nor more than 65 days prior to the date of the annual
meeting, provided, however, that in the event that the annual meeting is to be
held on a date that is less than 40 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement. 


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Corporation must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made. 


The Advance Notice Provision provides a clear process for shareholders to follow
to nominate directors and sets out a reasonable time frame for nominee
submissions along with a requirement for accompanying information. The purpose
of the Advance Notice Provision is to treat all shareholders fairly by ensuring
that all shareholders, including those participating in a meeting by proxy
rather than in person, receive adequate notice of the nominations to be
considered at a meeting and can thereby exercise their voting rights in an
informed manner. In addition, the Advance Notice Provision should assist in
facilitating an orderly and efficient meeting process. 


By-Law 2013-1 is effective since October 25 2013 and is subject to approval of
the shareholders of the Corporation at the Meeting. 


Stock Option Plan 

The directors of the Corporation have also adopted, subject to approval of the
shareholders of the Corporation at the Meeting, amendments to the stock option
plan in order that it cease to be a fixed number plan and become a rolling plan
reserving a maximum of 10% of the issued shares of the Corporation at the time
of the stock option grant. 


More detailed information concerning the items mentioned above as well as the
other matters that will be submitted at the Meeting is available in the
Information Circular prepared in connection with the Meeting, which Circular is
available on the website www.sedar.com and on Sirios' web site:


http://sirios.com/reports/2013-circular-en.pdf

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dominique Doucet
President
(514) 510-7961
(514) 510-7964 (FAX)
ddoucet@sirios.com


Peter Kong
B.B.A Finance
(514) 510-7961
(514) 510-7964 (FAX)
pkong@sirios.com
www.sirios.com

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