DIOS EXPLORATION INC.
TSX VENTURE : DOS

DIOS EXPLORATION INC.

April 30, 2007 16:18 ET

Dios Exploration Inc.: C$ 1,874,950 Million Brokered Private Placement

MONTREAL, QUEBEC--(CCNMatthews - April 30, 2007) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) announces a brokered placement of up to 2,678,500 million Units comprised of one Common Share of Dios at a price of $0.70 and one-half warrant. Each full warrant will entitle its holder thereof to purchase one Common Share of DIOS at $1.00 for 12 months after Closing and at $1.15 for a further 12 months.

This non-flow through offering will be made to two accredited investors, within the meaning of National Instrument 45-106, residing in the Provinces of British Columbia, Alberta, Ontario, and Quebec, in reliance upon applicable exemptions from registration and prospectus requirements. The closing is expected to occur around May 2, 2007, and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A commission equal to 8% of the gross proceeds, as well as broker warrants equal to 10% of issued units at $0.70, will be payable by the Corporation to Becher McMahon Capital Markets.

The proceeds from this placement will be used by DIOS for exploration on its properties as well as for general purposes and working capital.

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

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