SIRIUS EXPLORATION PLC

(“Sirius Exploration” or “The Company”)

CORPORATE UPDATE

*        New Agreement reached with CIC Mining Resources Limited (“CIC”) a leading China based royalty company listed on Canadian stock exchange to replace the original agreement announced in June;

*        Sirius takes 3% NPI royalty for Bobai Bishop Tungsten Mine China;

*        Future joint project cooperation between Sirius and CIC

On 30 September 2008 Sirius Exploration announced that the option to acquire an initial 10% equity stake in the Bobai Bishop Tungsten operation in China had lapsed but that discussions were continuing with the partners in China and that the Company was confident of a successful outcome to these discussions.

Following detailed discussions, Sirius Exploration is pleased announce that it has reached a new agreement with CIC whereby:

*        Sirius will have a 3% NPI (Net Profits Interest) in the Bobai Bishop Tungsten mining operation in exchange for 6,000,000 Ordinary Shares of 0.25p each in Sirius Exploration. 1,200,000 of these shares have already been issued as part of the original option agreement. A NPI is a royalty calculated as a percentage of the gross cash income from a mine-mill complex less all expenses incurred to produce the income.  The holder is not liable for any share of capital, operating and environmental costs.

*        CIC’s Chinese shareholders will be offered the opportunity to provide capital and invest in the development of new acquisitions by Sirius Exploration; and

*        Sirius Exploration and CIC will make available to each other their in-house resources and expertise to the mutual benefit of each party. This should minimise operational expenditure and reduce development costs in any new mining project in which either party is involved.

*        At the mid-market price at the close of business on 10 November 2008 of 1.625p, the aggregate consideration is £97,500. Application will made for the additional 4,800,000 new Ordinary Shares of 0.25p, which when issued will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM.

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