TORONTO, ONTARIO–(Marketwire – June 23, 2011) –Dia Bras Exploration Inc. (TSX VENTURE:DIB) (“Dia Bras” or the “Company”) is pleased to welcome and announce the appointment of Mr. Guillermo Kaelin to the Board of Directors of Dia Bras.

Mr. Kaelin is currently a Director with Arias Resource Capital Management LP (“ARCM”) which he joined in 2008. Prior to joining ARCM, he spent almost 3 years with the Investment Banking Division of JP Morgan in New York within its Metals & Mining Group. Previously, he was with Banco Wiese Sudameris in Peru as both a credit officer (2 years) and a senior research analyst (3 years). Mr. Kaelin has an MBA from the University of Chicago, an MS in Finance from ESAN (Peru) and a BS in Industrial Engineering from the Universidad de Lima. He is also a Director on the board of Sociedad Minera Corona S.A. in Peru.

About Dia Bras

Dia Bras Exploration Inc. 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) in Central Peru and the Bolivar Property (Cu-Zn-Ag) in Chihuahua State, Mexico. Dia Bras is also pursuing the development and exploration of the Cusi Property (Ag) and exploring several precious metals targets such as La Cascada (Bolivar Property), Las Coloradas (Melchor Ocampo, Zacatecas State), Bacerac (Sonora State) and Corralitos, Satevo and La Verde projects at the Batopilas Property (Chihuahua State).

The Company’s shares trade 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.