Dia Bras Announces Board of Directors, Executive Officers and Option Plan

10:30 EDT Friday, June 10, 2011

TORONTO, ONTARIO--(Marketwire - June 10, 2011) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to announce that it held its Annual and Special Meeting of shareholders ("AGM") yesterday, as planned. The Company received approvals by voting shareholders for all of the matters presented and discussed in the Management Proxy Circular, which was mailed to shareholders of record at March 6, 2011, and which is filed on www.sedar.com.

Dia Bras shareholders voted to approve the appointments of the nominees to serve as Directors of the Company. The approved Director nominees are Philip Renaud, J. Alberto Arias, David Crevier, Doug Cater, Daniel Tellechea and Dr. Thomas Robyn. Following the AGM, the Directors held a meeting and appointed Philip Renaud as Chairman, Daniel Tellechea as President and Chief Executive Officer, Ernesto Duran as Chief Financial Officer and Luce L. Saint-Pierre as Secretary.

Dia Bras shareholders also approved, subject to regulatory approvals, the proposed increase in the shares reserved for issuance under the Company's Incentive Stock Option Plan from the existing 3,085,714 to 8.3 million shares. This represents approximately 6% of the 137,673,070 Dia Bras shares currently issued and outstanding.

About Dia Bras

Dia Bras Exploration Inc. is a Canadian mining company focused on precious and base metals in Peru and Northern Mexico. The Company owns and operates the Yauricocha silver-copper-zinc-lead mine in Central Peru and the Bolivar Property (copper‐zinc‐silver) in Chihuahua State, Mexico. Dia Bras is also pursuing the development and exploration of the Cusi Property (silver) and is exploring several precious metals targets such as the La Cascada project at the Bolivar Property, the Las Coloradas project at Melchor Ocampo (Zacatecas State), the Bacerac Property (Sonora State) and the Corralitos, Satevo and La Verde projects at the Batopilas Property (Chihuahua State).

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

For further information on Dia Bras Exploration Inc. visit www.diabras.com

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:

Daniel Tellechea
Dia Bras Exploration Inc.
President & CEO
1 (866) 493-9646

OR

Karl J. Boltz
Dia Bras Exploration Inc
Vice President, Corporate Development
1 (866) 493-9646