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TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) -
Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to report that all of its outstanding 10,006,493 warrants with an exercise price of $0.70 and an expiry date of January 10, 2011, were exercised, bringing an additional $7,004,545 of proceeds to the Company. These funds add to the significant cash on hand the Company had at the end of the third quarter of 2010, as previously announced in the Dia Bras news releases of November 30 and December 2, 2010. The total proceeds generated from the exercise of warrants during the fourth quarter of 2010 and through January 10, 2011, was $ 12,004,545. As a result, the Company currently has $22,304,073 cash on its balance sheet.


"This is another important milestone completed for the Company because at our wholly owned Bolivar Property we are nearing completion of the new Piedras Verdes Mill, which is on budget and on schedule," stated Daniel Tellechea, President and CEO. "Dia Bras now has additional working capital to dedicate to further development at our Bolivar Project and at our wholly owned Cusi Property and to continue exploration at numerous precious metals targets in our current project portfolio."




About Dia Bras




Dia Bras is a Canadian exploration mining company focused on precious and base metals in Chihuahua State and other areas of northern Mexico. The Company is pursuing the development and exploration of its most advanced assets - the Bolivar Property (copper‐zinc‐silver) and the Cusi Property (silver) and is exploring several precious metal targets such as La Cascada project at the Bolivar Property, the Las Coloradas project at Melchor Ocampo (Zacatecas State), the Bacerac Property (Sonora State) and the La Verde project at the Batopilas Property (Chihuahua State).


The Company's shares trade on the TSX Venture Exchange under the symbol "DIB".