Dia Bras Announces Late Filing of Annual Financial Statements

15:44 EDT Friday, May 06, 2011

TORONTO, ONTARIO--(Marketwire - May 6, 2011) - 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.