Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

December 17, 2010 15:16 ET

Dia Bras Announces Appointment of Chief Financial Officer

MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2010) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras") (the "Company") announces the appointment of Ernesto Durán as Chief Financial Officer of the Company in replacement of Mark Shonnard who has tendered his resignation to pursue personal interests. Dia Bras would like to thank Mark for his dedicated service to the Company during his tenure in 2010 and wishes him all the best success in his future endeavors.

Mr. Ernesto Durán has a B.Sc in accounting (1979) from the Universidad Nacional Autonoma de Mexico (Mexico). Until recently, Mr. Durán was an independent financial, tax and management consultant. From 1992 to 2008, Mr. Durán served as the Corporate Controller and Officer of Grupo Mexico, and, from 1983 to 1992, he was Controller of Mexicana de Cobre. For the period between 1999 and 2008, he also served as Americas Mining Corporation and Asarco's Controller and, from 1999 to 2000, as Vice-President for Southern Peru Copper Corporation, which was majority owned by Grupo Mexico.

The Board granted 28,572 options to purchase common shares in the Company to Mr. Durán. The options may be exercised over a five-year period at prices varying from $2.81 to $4.00.

Continuation to Ontario

The Company also announces that it has continued its domicile and corporate offices to Ontario, pursuant to prior shareholder approval. The new corporate office address, telephone and fax numbers can be found at www.diabras.com

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". 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news 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 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.

Contact Information

  • Dia Bras Exploration Inc.
    Daniel Tellechea
    President & CEO
    Dia Bras Exploration Inc.
    Karl J. Boltz
    Vice President, Corporate Development