May 02, 2007 12:31 ET

Dios Exploration Inc.: Closing of Brokered Private Placement

MONTREAL, QUEBEC--(CCNMatthews - May 2, 2007) - DIOS EXPLORATION INC. ("Dios") (TSX VENTURE:DOS) closed today the brokered private placement announced on April 30, 2007 for an amount of $1,874,950 (the "Offering"). In total, Dios issued 2,678,500 units (the "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 a price of $1.00 per share for the next 12 months and thereafter at a price of $1.15 per share for a further 12 months.

In connection with the Offering, Becher McMahon Capital Markets Inc. ("Becher McMahon") who acted as agent received a commission equal to 8% of the proceeds of the Offering. Becher McMahon also received non-transferable warrants entitling it to acquire up to 267,850 Units of Dios at a price of $0.70 per Unit for a period of 24 months.

All securities issued pursuant to the Offering are subject to a four-month hold period expiring on September 3, 2007. This Offering was made to accredited investors, within the meaning of National Instrument 45-106, in reliance upon applicable exemptions from registration and prospectus requirements.

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

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