May 21, 2009 17:41 ET

Dios Exploration Approves 2009 Budget & Grants Incentive Stock Options

MONTREAL, QUEBEC--(Marketwire - May 21, 2009) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) announces that, following its yearly Planning Board meeting, held last Tuesday May 19, it has granted an aggregate 980,000 incentive stock options under Stock Option Incentive Plan to directors, officers and employees at an exercise price of $0.15 per share. Of these options, an aggregate 810,000 options have been granted to the Company's directors and officers. The options expire five (5) years from the date of grant, vest quarterly over an 18-month period, and are subject to the required four (4) month hold period and other applicable regulatory approvals.

A major exploration budget of at least 2 million dollars has also been increased and approved for 2009 for exploration of Hotish and Upinor projects, mainly. DIOS is in a good financial position to face the actual financial crisis with its 5 M$ non-flow through working capital to pursue its exploration programs. DIOS focuses on its high potential research programs, without incurring any share capital dilution in the short term. DIOS has only some 34,333,839 shares outstanding

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

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