Dia Bras Announces Approval of Application to List on the Lima Stock Exchange

TORONTO, ONTARIO -- (Marketwire) -- 03/01/12 -- Dia Bras Exploration Inc. (TSX VENTURE: DIB)(LMA: DIB) ('Dia Bras' or the 'Company') is pleased to announce that its common shares were listed for trading on the Bolsa de Valores de Lima S.A. ('BVL' or the 'Lima Stock Exchange'), the Lima Stock Exchange, on Wednesday, February 29th, 2012. The Company's shares will trade on the BVL under the symbol 'DIB'. BBVA Continental Sociedad Agente de Bolsa ('BBVA') has acted as the Company's sponsoring broker and has aided in obtaining the necessary approvals from the BVL.

As of May 30, 2011, the BVL has integrated with the Chile and Colombia stock exchanges to create the third largest stock exchange in Latin America after Mexico and Brazil with a combined capitalization of US$642 billion. The Lima exchange website can be accessed at www.bvl.com.pe.

Daniel Tellechea. President and CEO, commented on this transaction 'The listing of Dia Bras' shares on the Lima Stock Exchange is a great opportunity for Peruvian and Latin American investors to participate in the growth of the Company. We are excited to continue expanding our shareholder base in these regions and look forward to developing stronger, local relationships as a result.'

About Dia Bras

Dia Bras Exploration is a Canadian exploration & mining company focused on precious and base metals in Chihuahua State, other areas of northern Mexico, and most recently at its Yauricocha silver-lead-zinc-copper-gold mine in Peru. The Company is accelerating exploration at the Yauricocha property as well as pursuing the development and exploration of its most advanced Mexican assets - the Bolivar Property (copper-zinc-silver) and the Cusi Property (silver-lead) and is exploring in Mexico several precious metal targets such as La Sidra gold project at the Bolivar Property, Las Coloradas silver project at Melchor Ocampo (Zacatecas State), the Bacerac silver project (Sonora State), and the La Verde gold project at the Batopilas Property (Chihuahua State). Dia Bras is also exploring base metal projects in Mexico such as the Corralitos intrusion-hosted molybdenum deposit (Chihuahua State).

The Company's shares trade on the TSX Venture Exchange and the Bolsa de Valore de Lima S.A. under the symbol 'DIB'. For further information on Dia Bras Exploration Inc. visit www.diabras.com.

Forward-looking Statements

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.

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.

Contacts:

Daniel Tellechea

President & CEO

Dia Bras Exploration Inc.

1 (866) 493-9646


Matt Morrish

Director, Investor Relations

Dia Bras Exploration Inc.

1 (866) 493-9646