Dia Bras Exploration Inc.
TSX VENTURE : DIB

Dia Bras Exploration Inc.

October 23, 2007 08:55 ET

Dia Bras Appoints Daniel Tellechea New President and CEO

MONTREAL, QUEBEC--(Marketwire - Oct. 23, 2007) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) announces the appointment of Mr. Daniel Tellechea as President and CEO, effective immediately. Mr. Rejean Gosselin will remain as Director of the Company.

Mr. Tellechea's business acumen, high-level network of relationships in Mexico and throughout the industry together with his knowledge of successfully managing mining companies in a number of countries and environments seamlessly compliments the leadership requirements of Dia Bras.

"Dia Bras has rapidly emerged as a serious exploration play and emerging producer over the last few years" said Mr. Tellechea. "It will be my role to bring it to the next phase and develop our strengths and capabilities to maximize shareholder value."

The environment is more and more favorable for foreign companies to operate in Mexico. There is a definite proliferation of junior companies active in the country and acquiring operations that have a fit with Dia Bras will become a strong possibility under Mr. Tellechea's leadership.

Mr. Rejean Gosselin's contributions in the rapid start-up and growth of Dia Bras over a very short time, from late 2003 until now, are greatly appreciated by the Board, employees and shareholders. Mr. Gosselin has been instrumental in evaluating and acquiring the brownfield Bolivar Cu-Zn Property, as well as the Cusi Silver Camp. Importantly, it is the first time the whole of the silver district of Cusi is under one company's control.

"I want to acknowledge the great support of our teams in Mexico and in Montreal in letting me lead Dia Bras into a successful exploration play and emerging producer," said Mr. Gosselin. "I am an Explorationist and Property Developer at heart and I look forward to using my strengths and interests in new ventures, shifting back to grassroots exploration and property acquisition, and leveraging my ability to identify and acquire promising properties, thereby emulating our success at Dia Bras."

DANIEL TELLECHEA

Daniel Tellechea is an independent financial and management consultant. He was President and CEO of Asarco LLC until 2005. Previous to that, from 1994 to 2003, Mr. Tellechea was the managing director of finance and administration of Grupo Mexico, Asarco's parent corporation. For the period between 1999 and 2003, he also served as Asarco's chief financial officer and as vice-president of finance for Southern Peru Copper Corporation, which was majority owned by Grupo Mexico.

Mr. Tellechea received a BSc in accounting in 1968 and a Master's Degree in Business Administration in 1983, both from the Tecnologico de Monterrey (Mexico). Mr. Tellechea is also a Director of Revett Minerals Inc. and Silver Eagle Mines Inc.

About Dia Bras

Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the newly acquired Cusi silver mining camp. The Company trades 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Dia Bras Exploration
    Thomas L. Robyn
    Executive Chairman
    514-393-8875
    www.diabras.com
    or
    Sun International Communications
    Nicole Blanchard
    Managing Partner
    450-973-6600