CLOSES OVERSUBSCRIBED $4.5 MILLION PRIVATE PLACEMENT

Montréal, Québec, - November 28, 2005 -

Dia Bras Exploration Inc. (DIB-V) (Dia Bras or the "Company") is pleased to announce that it has closed its previously announced private placements for a total amount of $4.5 million (see press releases dated November 3 and 21, 2005) and has issued 22,500,000 common shares at a subscription price of $0.20. No warrants were issued as part of these private placements. The shares issued will bear a legend indicating a hold period of four (4) months following the closing of the placements. After taking into consideration these private placements, the Company has 81,724,769 common shares issued and outstanding.

The net proceeds will be used for additional capital expenditures relating to transportation and milling activities, development and exploration activities, future property payments and working capital needs both in Mexico and at the corporate level.

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.