Dia Bras Exploration Inc.

Dia Bras Exploration Inc.

September 14, 2005 11:53 ET

Dia Bras: Raises $1.83 Millon Through Warrant Exercise

MONTREAL, QUEBEC--(CCNMatthews - Sept. 14, 2005) - Dia Bras Exploration (TSX VENTURE:DIB) announced today that warrant holders have exercised 10,749,225 warrants at $0.17 per share, 98% of the original total. Dia Bras received a total of $1,827,368 (7,767,292 warrants exercised after the year-end 2005 for a total amount of $1,320,439).

The Company said proceeds will be directed primarily towards exploration at the Bolivar property (Cu-Zn), where the pilot mining program has rapidly increased production to 300 tpd (tonnes per day) this year.

The Company now has 59,224,769 shares outstanding.

About Dia Bras

Dia Bras is a Canadian mining exploration company focused on precious and base metals in the State of Chihuahua, northern Mexico. The Company continues exploration and the active development of its two key projects - Bolivar and Promontorio - in the world-renowned Sierra Madre mineral belt. The Company is traded on 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.

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

Contact Information

  • Dia Bras Exploration
    Rejean Gosselin
    (514) 866-6001 ext. 241
    CHF Investor Relations
    Linda Armstrong
    Vice President
    (416) 868-1079, Ext 229,