Dia Bras Exploration Inc.
TSX VENTURE : DIB

Dia Bras Exploration Inc.

September 16, 2011 10:00 ET

Dia Bras Announces Appointment of John S. Donnelly to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Sept. 16, 2011) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to welcome and announce the appointment of Mr. John S. Donnelly to the Board of Directors of Dia Bras. Mr. Donnelly replaces Director, Mr. Thomas Robyn, who has tendered his resignation and will remain as a consultant to the company.

Mr. Donnelly is currently Chairman of the Board of Zurich Financial Services in Mexico; Member of the Board of Directors and President of the Audit Committee of JP Morgan in Mexico; Founder and Member of the Board of Directors of CrediConfia a microfinance company; and a Board Member of U-Storage a self-storage company and Paralelo 19 a hotel ownership company, all in Mexico.

From 2003 to 2005, Mr. Donnelly was the Country Head and Head of Investment Banking at Bank of America in Mexico; from 2001 to 2003, he served as a Board Member of JP Morgan and Consultant in the integration of the merger with Chase Manhattan Bank. From 1996 to 2001, he served as Country Manager and Managing Director of Investment Banking at Chase Manhattan Bank in Mexico; and held the same position at Chemical Bank from 1992 to 1996 prior to the merger with Chase; from 1988 to 1992, Mr. Donnelly was partner of Mantrust, SRL, representing Manufacturers Hanover's joint venture of an Investment Bank in Brazil.

Mr. Donnelly has an MBA from Thunderbird, School of Global Management and a B.S. in Political Science from Spring Hill College. He is also on the International Advisory Committee of Zurich Financial; Family Trustee of GEE Three, LBG and Global Council to the Thunderbird School of Global Management. Formerly Mr. Donnelly was President and Vice President of the Foreign Bankers Association in Mexico; and Director of the American Chamber of Commerce in Mexico.

"We are delighted to have a seasoned professional such as Mr. Donnelly join our Board of Directors and believe that his vast experience will prove invaluable as we continue to execute on our growth strategy and work toward the next level of success," said Mr. Philip Renaud, Chairman of Dia Bras Exploration Inc. "On behalf of the entire Dia Bras team, I would like to greatly thank Mr. Robyn for his numerous contributions to our business during his tenure on the Board of Directors."

About Dia Bras

Dia Bras Exploration Inc. is a Canadian listed mining company focused on precious and base metals in Peru and Mexico. The Company owns and operates the Yauricocha Mine (Ag-Cu-Zn-Pb) in Central Peru and the Bolivar Property (Cu-Zn-Ag) in Chihuahua State, Mexico. Dia Bras is also pursuing the development and exploration of the Cusi Property (Ag) and exploring several base and precious metals targets In Peru and Mexico.

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.

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.

Contact Information

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

    Dia Bras Exploration Inc.
    Robert Hirsh
    Director, Corporate Development
    1 (866) 493-9646
    www.diabras.com