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DIA BRAS AMENDS ITS STOCK OPTION PLAN

Montréal, Québec, - March 16, 2005 -

Dia Bras Exploration Inc. (DIB-V) (Dia Bras or the "Company")announces that the board of directors has approved, subject to the approval of the shareholders and the regulatory authorities, an increase in the number of common shares reserved for issuance under the stock option plan of the Company. The approved maximum number of 5,100,000 common shares represents approximately 10% of the current number of shares issued and outstanding.

About Dia Bras
Dia Bras is a Canadian mining exploration company focused on precious and base metals in the State of Chihuahua, Mexico. The Company will continue exploration and the active development of its two key projects – Bolivar and Promontorio – located in the Sierra Madre precious metal belt. The Company is traded on TSX Venture Exchange, under the symbol “DIB”.

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For further information contact:

Réjean Gosselin
President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.