January 23, 2009

Dia Bras Increases Non-Brokered Private Placement Unit Offering

MONTREAL, QUEBEC--(Marketwire - Jan. 23, 2009) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") announced today that further to its January 13, 2009 news release, the non-brokered Private Placement financing has been oversubscribed and the maximum is now increased to $1.85 million from $1.7 million. Up to a total of 30,750,000 million Units at a price of $0.06 per Unit will be issued in accordance with this financing. Please refer to the press release dated January 13, 2009 for more details.

After taking into consideration this increased maximum of the private placement, the Company will have 167,251,269 common shares issued and outstanding.

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 copper-zinc project and the Cusi silver mining camp. The Company trades on the TSX Venture Exchange under the symbol "DIB".

Forward-looking statements:

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 release..

CONTACT INFORMATION:

Dia Bras Exploration
Daniel Tellechea
President & CEO
514-393-8875

or

Dia Bras Exploration
Nathalie Dion
Investor Relations
514-393-8875
www.diabras.com