March 15, 2007 17:21 ET

Dios Exploration Inc.: Closing of the Brokered Private Placement

MONTREAL, QUEBEC--(CCNMatthews - March 15, 2007) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) announces that it closed today the brokered placement announced on February 26, 2007 for an amount of C$ 1,599,840. A total of 3,555,200 Units comprised of one Common Share of DIOS at a price of $0.45 and one-half warrant were subscribed. Each full warrant will entitle its holder thereof to purchase one Common Share of DIOS at $0.60 for the next 12 months and at $0.80 for a further 12 months.

This non-flow through offering was made to 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.

All securities issued pursuant to this offering are 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 $0.45, was paid by the Corporation to Bearbeech Capital Partners Corporation.

The proceeds from this placement will be used by DIOS for exploration primarily on the wholly-owned Hotish project located in the Otish Mountains Area, Quebec, 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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