Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

November 26, 2008 08:30 ET

Dia Bras Appoints Mr. J. Alberto Arias to the Board

MONTREAL, QUEBEC--(Marketwire - Nov. 26, 2008) - Dia Bras Exploration Inc. (TSX VENTURE:DIB)("Dia Bras" or the "Company") is pleased to announce today the appointment of Mr. J. Alberto Arias to its Board of Directors. Mr. Alberto Arias has extensive experience in international mining finance.

Mr. Alberto Arias is the founder and President of Arias Resource Capital Management LP. Mr. Arias has over 15 years of experience in the field of international mining finance, and is widely recognized as an industry expert, having been ranked for five consecutive years as the #1 equity research analyst for the metals and mining industry in Latin America by leading polls such as Institutional Investor. Prior to founding Arias Resource Capital, Mr. Arias worked for eight years at Goldman, Sachs & Co., most recently acting as Managing Director and Head of Equity Research for metals and mining in the U.S., Canada and Latin America. Prior to Goldman Sachs, Mr. Arias worked for 4 years at UBS as Executive Director and Analyst covering the Latin American metals and mining sector. Mr. Arias has engineering degrees in mining and metallurgy and an MBA (B.Sc. from the Colorado School of Mines and three Masters degrees from Columbia University), mining industry operational experience, and holds a patent for a gold mineral processing technology. He was raised in a family with a three-generation tradition of founding and managing private mining companies in Peru.

Dr. Thomas L. Robyn, Dia Bras Chairman said: "We are delighted to welcome Mr. J. Alberto Arias to the Company's board. His extensive knowledge in mining finance should help strengthen Dia Bras' links with international financial markets."

Additionally, in connection with the recent private placement of the Company, Arias Resource Capital Fund became an insider. Arias Resource Capital Fund holds 20,356,200 common shares and 9,812,500 warrants representing approximately 15% of the Company outstanding shares non-diluted.

About Dia Bras Exploration

Dia Bras is a Canadian mining and exploration company focused on precious and base metals in Mexico. The Company is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp in the renowned Sierra Madre mining district of northern Mexico. The Company trades on the TSX Venture Exchange under the symbol "DIB".

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

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 that 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.

Contact Information

  • Dia Bras Exploration
    Daniel Tellechea
    President & CEO
    Dia Bras Exploration
    Nathalie Dion
    Investor Relations
    514-393-8875 ext. 241