April 06, 2006 11:29 ET

DIOS Exploration Inc.: Closing of Private Placement & Drilling Campaigns

MONTREAL, QUEBEC--(CCNMatthews - April 6, 2006) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) closed a $200,000 hard cash non-brokered private placement with a Venture Capital Fund, in the scope of a larger financing planned this spring.

DIOS plans a $1,000,000 exploration budget this year on its properties alone. Diamond exploration activities in central Quebec are three times less expensive than in the Artic region.

The placement closed on April 4, 2006 consists of 606061 Common Shares of DIOS at $0.33 per share and 606,061 warrants. One warrant entitles its holder thereof to subscribe for one Common Share at $0.40 per share until April 4, 2007 and at $0.45 during the next 12 months. There is a 4-month hold period on the shares issued. The proceeds of this placement shall be used by DIOS for exploration activities on its CHIBOUKI property, north-east of Chibougamau, Quebec, where significant results have been released on Jan. 20, 2006. A drilling campaign is planned on CHIBOUKI for the coming field season, as well as geophysics, till sampling and prospecting work for a budget of at least $360,000.

DIOS negotiated another $200,000 hard cash non-brokered private placement with another Venture Capital Fund to be completed in the near future.This private placement is subject to regulatory approval and filings. DIOS has 14,766,968 shares issued and outstanding.

Another drilling campaign is planned for 33 CARATS and 33 CARATS EXTENSION this year. Processing results still pending on that project (200 basal till samples on 33 CARATS & EXTENSION) will help plan this major prospecting and drilling campaign.

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

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