Closing of the Khalkos Exploration Initial Public Offering

MONTREAL, QUEBEC--(Marketwire - Jan. 4, 2012) - KHALKOS EXPLORATION INC. announces the closing of its initial public offering for a total of $1,547,502 consisting of 3,026,580 Flow-Through Units ($847,442) and 3,182,090 Hard-Cash Units ($700,060).

A total of 16,552,576 common shares of Khalkos are now issued and outstanding. Khalkos, which received a conditional listing approval from the TSX Venture Exchange, is pursuing efforts to achieve its listing on this stock exchange before the end of January 2012.

Each Hard-Cash Unit, offered at a price of $0.22, was comprised of one common share and one common share purchase warrant; and each Flow-Through Unit, offered at a price of $0.28, was comprised of one flow-through common share and one half of a warrant. Each whole warrant will entitle its holder to subscribe one additional Common Share at a price of $0.45 on or before June 29, 2013.

The Agent, Industrial Alliance Securities Inc., received non-transferable compensation options entitling it to subscribe 496,694 Common Shares, at the price of $0.22, on or before June 29, 2013. Furthermore, Khalkos paid them fees and expenses totalling $164,244.

Sirios Resources Inc. (TSX VENTURE:SOI), Khalkos' main shareholder, expects to distribute to its shareholders approximately 6 million common shares of Khalkos before the end of this month.