Dia Bras Announces Late Filing of Annual Financial Statements

TORONTO, ONTARIO -- (Marketwire) -- 05/06/11 -- Dia Bras Exploration Inc. (TSX VENTURE: DIB) ('Dia Bras') (the 'Company') announces that it has not filed its annual Financial Statements for the fiscal year ended December 31, 2010, and the related Management's Discussion and Analysis by the legal deadline of May 2, 2011. The late filing is due to changes in the personnel of its finance and accounting department. Dia Bras is actively working with its auditors to finalize the audited annual Financial Statements as well as the accompanying Management's Discussion and Analysis. Dia Bras expects to file such statements and the related Management's Discussion and Analysis by May 12, 2011. In the event that such statements and the related Management's Discussion and Analysis are not filed by May 12, 2011, Dia Bras will provide periodic status reports as required by National Policy 12-203.

Dia Bras confirms that, at the date hereof, there is no other material information concerning the affairs of Dia Bras that has not been generally disclosed.

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 pursuing the development and exploration of its most advanced assets - the Bolivar Property (copper-zinc-silver) and the Cusi Property (silver). Dia Bras is also exploring several precious metal targets such as La Cascada project at the Bolivar Property, the Las Coloradas project at Melchor Ocampo (Zacatecas State), the Bacerac Property (Sonora State) and the Coralitos-Satevo and La Verde projects at the Batopilas Property (Chihuahua State).

For further information on Dia Bras Exploration Inc. visit www.diabras.com.

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 news release.

Contacts:

Daniel Tellechea

President & CEO

Dia Bras Exploration Inc.

1 (866) 493-9646


Karl J. Boltz

Vice President, Corporate Development

Dia Bras Exploration Inc.

1 (866) 493-9646