DIA BRAS RAISES $2,885,000 ON FIRST TRANCHE OF PRIVATE PLACEMENT MAXIMUM FINANCING INCREASED TO A TOTAL OF $4,500,000

Montréal, Québec, - November 21, 2005 -

Dia Bras Exploration Inc. (DIB-V) (Dia Bras or the "Company") is pleased to announce that it has completed the first closing of its previously announced (see press release dated November 3, 2005) non-brokered private placement and has issued 14,425,000 common shares at a subscription price of $0.20 per share for a total amount  of $2,885,000.

The certificates representing these shares will bear a legend indicating a hold period of four (4) months following the closing of the placement. After taking into consideration these private placements, the Company has 73,649,769 common shares issued and outstanding.

Furthermore, the Company is raising the maximum for the total of the private placement by $500,000 to $4,500,000 at a price of $0.20. The Company expects the balance of this private placement will be completed later this week. The maximum number of additional common shares that may be issued is 8,075,000 ($1,615,000).

The net proceeds of this private placement will be used to improve the Malpaso mill - increasing the capacity by about 10% and improving the recovery and the quality of the copper and zinc concentrates currently being produced. Capital will also be expended on mine development, transportation upgrades and to cover operating expenses while the Company’s concentrate production increases on the pilot-mining program at their 100% owned Bolivar mine.

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.