Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

July 03, 2009 11:57 ET

Dia Bras: Court of Appeal Confirms Favorable Decision on Bolivar III and IV Mining Concession

MONTREAL, QUEBEC--(Marketwire - July 3, 2009) - Dia Bras Exploration, Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to announce that on July 1st, 2009, the Eighth Court of Appeal of the Supreme State Court of Chihuahua, Mexico, has confirmed the favorable ruling issued by the Sixth Civil Court regarding the legal dispute involving the Bolivar III and Bolivar IV mining concessions.

In 2005, a personal action was filed in Mexico against DBM by an individual claiming the annulment and revocation of the purchase contracts of two mining concessions, Bolivar III and IV, entered into between DBM and Mr. Javier Octavio Bencomo Munoz and Minera Senda de Plata, S.A. de C.V. Following the notification of said claim against DBM, a defense was filed based on the questionable legal standing of the claimant to file a lawsuit on behalf of the former owner.

The confirmation of the decision rendered on January 22, 2009, (see press release January 23, 2009) in which the Sixth Civil Court determined the claim unfounded now stands in full legal force and effect. The claimant has a fifteen day period to file a constitutional trial against the Court of Appeal, and management is fully confident that such rulings will stand even in the event of the objection of the claimant through the constitutional trial.

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 Corporation is committed to developing and adding value to its assets - the Bolivar copper-zinc project and the Cusi silver mining camp. The Corporation 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 project 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.

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 release.

Contact Information

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