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MONTREAL, QUEBEC--(Marketwire - May 14, 2010) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) (the Company) is pleased to announce the Company successfully completed its equity rights offering that was announced on April 1, 2010. Dia Bras raised $16,340,903 of gross proceeds through the issuance of 96,122,956 common shares under the Rights Offering.

Under the terms of the Rights Offering, shareholders of record on April 10, 2010, were entitled to receive one right ("Right") for each common share held. For every four Rights held, a holder thereof was entitled to subscribe for one common share at a price of $0.17. Unit holders who fully exercised their Rights were entitled to subscribe pro rata for additional common shares, if available, that were not otherwise subscribed for (the "Additional Subscription Privilege") on or before the expiry of the Rights Offering, which occurred on May 13, 2010.

The Rights Offering was oversubscribed pursuant to the exercise by Rights holders of their Basic Subscription Right and Additional Subscription Privilege. As the number of common shares allocated to subscribers who exercised the Additional Subscription Privilege is less than the number they subscribed for, such subscribers will receive a refund of any excess funds submitted with their subscription request.

Daniel Tellechea, President and CEO of Dia Bras, commented, "I am very pleased that the Rights Offering was oversubscribed, which will further assist in providing Dia Bras with the working capital it requires to begin the permitting and construction of a mill on Dia Bras' Bolivar property."

As a result of the Rights Offering, there are now 480,614,780 common shares of Dia Bras issued and outstanding.

The TSX Venture Exchange has conditionally approved the listing of the common shares. The approval of the listing of the common shares is subject to Dia Bras fulfilling all of the listing requirements of the TSXVSE.

This press release should be read together with, and is qualified in its entirety by, the more detailed information contained in the Rights Offering Circular of Dia Bras dated April 1, 2010, available on SEDAR at [ www.sedar.com ].

ABOUT DIA BRAS

Dia Bras is a Canadian exploration mining company focused on precious and base metals in Chihuahua State and other areas of northern Mexico. The Company is committed to developing and adding value to its most advanced assets – the Bolívar copper-zinc project and the Cusi silver mining camp. The Company's shares trade on the TSX Venture Exchange under the symbol "DIB".

Except for statements of historical fact all statements in this news release without limitation regarding new projects acquisitions future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.