DIOS EXPLORATION INC.
TSX VENTURE : DOS

DIOS EXPLORATION INC.

December 04, 2006 09:09 ET

Dios Closes $600,000 Private Placement with MineralFields Group

MONTREAL, CANADA--(CCNMatthews - Dec. 4, 2006) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) is pleased to announce that it has closed a private placement of flow-through units with the MineralFields Group of Toronto for total proceeds of $600,000 (the "Offering").

In total, Dios issued 1,999,998 units at a price of $0.30 per unit. Each unit consists of one flow-through common share and one half of one common share purchase warrant, each full warrant entitling the holder thereof to purchase one common share of Dios at a price of $0.35 per share until December 1, 2007. The funds will be allocated to the exploration of Dios's projects in the province of Quebec. In connection with the Offering, Dios paid a finder's fee of $36,000 (6% of the proceeds) to Limited Market Dealer. The securities issued pursuant to the Offering are subject to a four month hold period expiring on April 2, 2007.

DIOS now has some 17.5 million shares outstanding and is actively exploring the James Bay area of the province of Quebec, Canada, where it owns one of the largest holding of mining rights. SIRIOS RESOURCES (TSX VENTURE:SOI), a most active gold explorer in the Opinaca-Eleonore area, remains its main shareholder owning 9 % of its shares.

About MineralFields

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Information about the MineralFields Groups is available at www.mineralfields.com

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

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