(SXX.L) Sirius Exploration PLC Buy/Sell

For immediate release: 30 October 2009, 7AM

("Sirius Exploration", "Sirius" or the "Company")

The Directors of Sirius Exploration Plc (AIM: SXX, OTC: SRUXY), the diversified mining and exploration holding company focused on North America and Australia, are pleased to provide Shareholders with the following Corporate Update.

The Directors confirm that on 22 October 2009 an agreement was reached with CIC Mining Resources Limited (CNSX:RRR) ("CIC"), a leading China based royalty company listed on the Canadian Stock Exchange, to acquire Sirius's 3% Net Working Interest (NWI) in the Bobai Bishop Tungsten Mine (the "Tungsten Interest") in China (as previously announced on 11 November 2008).

The Tungsten Interest is a relatively illiquid asset of the Company which is non-core. Under the terms of the Agreement, CIC will acquire the Tungsten Interest for 200,000 pre- IPO B Class shares valued at US$2,470,000 in a CIC vehicle - to be called IMG Group ("IMG") - which CIC is intending to list on a major exchange during the first half of 2010. IMG will comprise of CIC's iron ore interests that currently include production in China and exploration assets in Africa and South America. CIC has already established the share capital for IMG by creating separate B Class CIC shares. Neither the Tungsten Interest nor IMG are profit making at this stage.

Pursuant to the terms of the transaction Sirius is also acquiring an additional 100,000 CIC B Class shares in exchange for the issue of 6,000,000 Ordinary Shares of 0.25p ("Ordinary Shares") in Sirius at a price of 12.5p per Ordinary Share, an effective price of US$0.2058 per Sirius share. In total Sirius will hold 300,000 CIC B Class shares

Application has been made for the 6,000,000 new Ordinary Shares, representing 1.00% of Sirius's enlarged issued share capital which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM and trading is expected to commence on 4 November 2009. Following completion of the transaction, Sirius will have an issued share capital of 606,730,150 Ordinary Shares.

Richard Poulden, Chairman of Sirius, commented:

"The Board of Sirius believes IMG offers an efficient mechanism for exchanging our illiquid legacy tungsten interests for shares in an attractive sector company with plans to IPO in the first half of 2010, allowing Sirius to focus on its salt and potash activities."

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Enquiries welcomed, for further information please contact the Company:

Sirius Exploration Plc Richard Poulden (Chairman) richard.poulden@siriusexploration.com +971 556 232 672

Jonathan Harrison (Financial Director) +44 78 7988 7755

Beaumont Cornish Roland Cornish (Chairman) Tel: 020 7628 3396

GTH Communications Limited Toby Hall/Christian Pickel +44 (0)20 7153 8039/8036

Websites: www.siriusexploration.com www.cicresources.com

Sirius Exploration