Dia Bras Announces Application to List on the Lima Stock Exchange and Appointment of Investor Relations Director

TORONTO, ONTARIO -- (Marketwire) -- 01/19/12 -- Dia Bras Exploration Inc. ('Dia Bras' or the 'Company') (TSX VENTURE: DIB) announces that it has made an application to have its common shares listed on the Bolsa de Valores de Lima (the Lima Stock Exchange). There can be no assurance that such application will be accepted and any such listing will be subject to the Company satisfying all of the requirements of the exchange. The Company expects to receive a response to its application in the month of February 2012. If and when its application is accepted by the exchange, the Company will make a further announcement.

The Company has contracted an international bank with local presence in Lima to support it in the listing of common shares of the company.

Dia Bras is also pleased to announce the appointment of Matthew Morrish as Director of Investor Relations. Mr. Morrish was previously an Investor Relations consultant for Alexandria Minerals Corporation, a gold exploration company with activities in Ontario and Quebec. He brings with him an extensive array of industry knowledge and experience. Mr. Morrish is currently pursuing a B.Sc. degree from Dalhousie University in Halifax, Nova Scotia.

About Dia Bras

Dia Bras is a Canadian listed mining company focused on precious and base metals in Peru and Mexico. The Company owns and operates the Yauricocha Mine (Ag-Cu-Zn-Pb-Au) in Central Peru and the Bolivar Mine (Cu-Zn-Ag) in Chihuahua State, Mexico. Dia Bras is also pursuing the development and exploration of the Cusi Property (Ag) and regional exploration of several base and precious metals targets in both Peru and Mexico.

The Company's shares trade on the TSX Venture Exchange under the symbol 'DIB'.

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' application to list on the Bolsa de Valores de Lima (the Lima Stock Exchange). 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.

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 herein 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 press release, 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 laws.

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:

Matthew Morrish

Director of Investor Relations

Dia Bras Exploration Inc.

1 (866) 493-9646


Fernando Piccini

Chief Financial Officer

Dia Bras Exploration Inc.

(511) 251-8098
www.diabras.com