DIOS EXPLORATION INC.
TSX VENTURE : DOS

DIOS EXPLORATION INC.

January 06, 2011 08:45 ET

Dios Exploration/Completion of the Shipshaw Area Mineral Claim Agreement: Issuance of the Last 250,000 Common Shares

MONTREAL, QUEBEC--(Marketwire - Jan. 6, 2011) - DIOS EXPLORATION (TSX VENTURE:DOS) reports the completion of the SHIPSHAW AREA MINERAL CLAIM AGREEMENT through the issuance of the last 250,000 Common Shares of DIOS, bringing up to 100 % DIOS' interest in the propertysubject to the Royalty Interest.

DIOS drilled a geophysical target and discovered the Shipshaw Carbonatite Complex, a few kilometers away from Niobec niobium mine and ferro-niobium facilities owned by IAMGOLD, Saguenay, Quebec. 

Effectively, as DIOS has paid $50,000 and issued a total of 500,000 Common Shares to the Optionor, DIOS is deemed to have fully exercised the Option to acquire the balance of the additional undivided 25% right, title and interest in and to the Property, subject to a Royalty Interest equal to a 1% royalty from production payable from the claims. DIOS may at any time purchase 50% of the Royalty Interest for $500,000. 

A carbonatite outcrop was recently discovered on the property, showing different episodes of carbonatite intrusives. Advanced interpretation of the detailed helicopterborne geophysical survey completed by DIOS helped locate the sheeted horizons to be drilled within the Carbonatite Complex. The exploration drilling is being undertaken by a Shipshaw diamond drilling firm and technical support is being provided by a local Saguenay Consultant Firm, under the supervision of DIOS' geologists.

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.

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