Private Placement of $1.2 Million Completed in DIOS by IAMGOLD

MONTREAL, QUEBEC, CANADA--(Marketwire - Feb. 3, 2011) - DIOS EXPLORATION (TSX VENTURE:DOS) reports the closing of a private placement of $1.2 million with IAMGOLD Corporation for 3,428,572 Common Shares of DIOS, at a price of $0.35 per share. See press release dated January 20, 2011. No fee was paid. The shares issued have a four month hold period.

The proceeds (80%) will be used on DIOS' Shipshaw Carbonatite Complex discovered by DIOS some seven kilometers away from the Niobec mine and ferro-niobium facilities owned by IAMGOLD, Saguenay, Quebec. 

For more information on DIOS' EXPLORATION PROJECTS, see the following video: http://diosexplo.com/news.php?id=20101218-00