DIOS EXPLORATION INC.
TSX VENTURE : DOS

DIOS EXPLORATION INC.

December 22, 2006 12:26 ET

DIOS: Private Placement

MONTREAL, CANADA--(CCNMatthews - Dec. 22, 2006) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) completed yesterday the second closing of a private placement negotiated in early November for gross proceeds of $205,800 consisting of a total of 196 units at a price of $1,050 per unit with a director and accredited investors. The first closing was reported on December 13.

Each unit consists of 3,500 flow-through shares and 1,750 warrants. A whole warrant entitles its holder thereof to subscribe for one Common Share of DIOS at a price of 35 cents for a period of one year and at 38 cents for another year. A finder's fee of $7,087 is payable on part of the placement. All securities issued under this private placement are subject to a four-month hold period.

DIOS EXPLORATION is a very active explorer in the Otish Mountains region of Central Quebec, Canada.

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

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