11:11 EDT Monday, April 12, 2010

MONTREAL, QUEBEC--(Marketwire - April 12, 2010) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) is pleased to report that 27,303,727 share purchase warrants at an average exercise price of $0.139 per share were exercised between March 5 and April 8, 2010, which generated $3,803,410 in cash proceeds to the Corporation. As a result, Dia Bras currently has 384,491,824 common shares outstanding and 137,130,017 remaining share purchase warrants outstanding with an average exercise price of $0.144 per share.

"The largest shareholders of the Corporation have continued to exercise their warrants well before the expiry dates," stated Daniel Tellechea, President and CEO of Dia Bras. "This has significantly reduced the warrants outstanding and has increased cash on hand for Dia Bras and clearly indicates the confidence that our major shareholders have in the Corporation's future successes."

The Corporation plans to use these funds for the construction of the new plant at its Bolivar project, and for other corporate purposes.

About Dia Bras

Dia Bras is a Canadian exploration mining corporation focused on precious and base metals in Chihuahua State and other areas of northern Mexico. The Corporation is committed to developing and adding value to its most advanced assets - the Bolivar copper-zinc project and the Cusi silver mining camp. The Corporation's shares trade on the TSX Venture Exchange under the symbol "DIB".

Forward-looking statements:

Except for statements of historical fact all statements in this news release without limitation regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Dia Bras Exploration Inc.
Daniel Tellechea
President & CEO
514-393-8875 ext. 241