Sirius Exploration: Issue of Equity in connection with increasing s... | Company Announcements

Monday 21 December, 2009

Sirius Exploration

Issue of Equity in connection with increasing s...



For immediate release                                                          21 December 2009

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

                 Issue of Equity in connection with increasing stake in AusPotash Corporation

Further  to  the announcement made on 29 September 2009, Sirius (AIM: SXX, OTC: SRUXY) announces  that  it  has
today  completed the purchase of a further 250,000 common shares of AusPotash (the "Transaction"), representing
0.44  per  cent  of the issued and outstanding common shares of AusPotash at a price of CAD$0.40 per  AusPotash
share  purchased.  As a result of the Transaction, Sirius now has an interest in 68.82 per cent  of  AusPotash.
Sirius  has  issued  500,000  new  Ordinary Shares at a price of 11.25p per  share  in  consideration  for  the
Transaction.  Further  to this Transaction, 17,392,581 common shares of AusPotash remain  to  be  purchased  by
Sirius and the Company will notify the market when these are completed in due course.

Accordingly, 500,000 new Ordinary Shares of 0.25p per share ("Ordinary Shares") have been issued and  allotted.
Application  will  be  made for 500,000 new Ordinary Shares, which will when issued rank pari  passu  with  the
existing Ordinary Shares in issue, to be admitted to trading on AIM and trading is expected to commence  on  30
December 2009.

Following  the issue of the new Ordinary Shares as set out above, the total number of shares in issue  will  be
62,528,170.

- Ends -

Contacts:

Richard Poulden

Chairman, Sirius Exploration Plc.                                   Tel: +61 406 647 976
richard.poulden@siriusexploration.com

Beaumont Cornish

Roland Cornish                                                               Tel:  +44 (0)20 7628 3396

Gth media relations

Toby Hall                                                        Tel: +44 (0)20 7153 8039

Christian Pickel                                         Tel: +44 (0)20 7153 8036

Website: www.siriusexploration.com

Sirius Exploration Plc

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