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MONTRÉAL, QUÉBEC--(Marketwire - July 19, 2010) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) is pleased to report that its subsidiary, Dia Bras Mexicana, S.A. de C.V., has received final approval for a thirty-six month term loan of 33 million Mexican Pesos (MXP), about US$2.6 million, from Fideicomiso de Fomento Minero (FIFOMI), a branch of the Federal Government of Mexico. Funds totaling MXP 20 million will be available for capital purchases of buildings, equipment and services related to the construction of the Company's new Piedras Verdes Mill plus MXP 13 million for general working capital, which can be drawn on an as-needed basis.

"The approval of this term loan from FIFOMI, a branch of the Mexican government, is a vote of confidence and trust in Dia Bras´ ability to build the Piedras Verdes Mill and to repay the loan through production revenues derived from our present and future operations," stated Daniel Tellechea, President & CEO of Dia Bras.

The Loan Defined

The FIFOMI loan is a thirty-six month, rolling line of credit with a twelve month grace period and twenty-four months for principal repayment, secured by assets and the guarantee of Dia Bras Exploration Inc.

About Dia Bras

Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in Northern Mexico. The Company is committed to developing and adding value to its assets – the Bolivar Property and the Cusi Property. The Company´s shares trade on the TSX Venture Exchange under the symbol "DIB".

For further information on Dia Bras visit [ www.diabras.com ].

Forward-looking Statements

This news release contains certain statements that constitute forward-looking statements. Forward-looking information includes, but is not limited to, information concerning Dia Bras' 2010 guidance respecting pilot-mining production, and potential plans for Bolivar and Cusi projects. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in the mining industry including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties or shortages of labour or interruptions in production; actual rocks mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of pilot-mining activities and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties. Refer to "Risk and Uncertainties".

Forward-looking information is, in addition, based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long-term price of zinc, copper, lead and silver; the regulatory and governmental approvals for the Company's projects and other operations on a timely basis; access to financing, appropriate equipment and sufficient labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Although the forward-looking statements contained in this MD&A are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this MD&A, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except as required under applicable securities regulations.

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 release.