Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

October 05, 2011 10:00 ET

Dia Bras Announces Appointment of Steven Dean to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2011) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to welcome and announce the appointment of Mr. Steven Dean to the Board of Directors of Dia Bras. Mr. Dean replaces Director, Mr. David Crevier, who has tendered his resignation.

Mr. Dean is a Fellow of the Australian Institute of Mining and Metallurgy, a Member of the Canadian Institute of Mining, Metallurgy and Petroleum, and a Fellow of the Institute of Chartered Accountants of Australia. He has extensive experience internationally in mining, most recently as President of Teck Cominco Limited (now Teck Resources Ltd.). Teck is a major international diversified resource company and is the largest producer of metallurgical coal in North America. It is also a significant producer of gold and base metals including copper and zinc, and operates the Trail smelter in British Columbia, Canada.

Prior to joining Teck, Mr. Dean was a founding director of Normandy Poseidon Group, (which became Normandy Mining) the largest Australian gold producer until its sale to Newmont Mining in 2002, as well as founder of PacMin Mining a gold producer that became a subsidiary of Teck Corporation in 1999. He was also a co-founder and former Chairman of copper producer Amerigo Resources Ltd.

Mr. Dean is Chairman and a Director of Spur Ventures Inc. (TSX: SVU), of Infinito Gold Ltd. (TSX-V:IG) and of Oceanic Iron Ore Corporation (TSX-V:FEO).

"We are delighted to have a seasoned professional such as Mr. Dean 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 thank Mr. Crevier for his contribution 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".

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

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

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