DIA BRAS OUTLINES 2006 STRATEGIC OBJECTIVES

Montréal, Québec, - February 28, 2006 -

Dia Bras Exploration Inc. (DIB-V) (the "Company") announced today its 2006 objectives and strategy for exploration, production and potential acquisitions in the renowned Sierra Madre mining district of northern Mexico. The Company has a strengthened management team with a combined 124 years of technical experience in all aspects of exploration, mine development and project financing. This combination of skills and entrepreneurship bodes well for the Company’s corporate development and growth.

A zinc-copper test-mining program at the cornerstone Bolivar property is currently generating positive cash flow that will help fund ongoing exploration to expand resources and advance the project to pre-feasibility stage by late 2006. The pre-feasibility stage will define the parameters for an eventual larger scale production including the construction of a mill on site.

The strategy of test-mining provides financial stability and reduces dilution risks. Dia Bras is currently well positioned to take advantage of high prices in base metals and is on track to produce 3,700 Dry Metric Tonnes (DMT) of zinc concentrates and 1,600 DMT of copper concentrates during the first quarter of 2006. This would generate gross revenues of approximately US$4 million, and estimated operating gross margin of US$1.5 million during that period. The company’s total concentrate production is currently being sold to MRI Trading AG, a Switzerland based privately owned commodity trading company, pursuant to a standard concentrate purchase agreement. The Company’s short term strategy is to expand its mill facility at Mal Paso, by doubling the plant capacity to 600 tpd from its current 300 tpd level. This could be achieved by the end of the year. The additional ore feed would come from already targeted strategic property acquisitions which could be brought into low scale mining production in limited timeframe. The Company has not completed a feasibility study and there is no certainty that the stated objectives will be met or that the operations will be profitable.

In conjunction with the test-mining program at Bolivar, the Company is drilling to expand the high-grade resources and test skarn-hosted targets elsewhere on the property. Bolivar is a district-scale property with potential for new discoveries, as confirmed by a recent technical field visit report by Professor Lawrence D. Meinert, a world-recognized expert in skarn mineralization. His report is available on the Company’s website www.diabras.com (Bolivar Reports – Section).

Exploration will also test promising targets elsewhere on the project:

The South Bolivar copper-magnetite skarn is a priority target. Drilling results given in earlier press releases show potential for a significant resource to be confirmed by an upcoming independent National Instrument 43-101 report currently in progress by Roscoe-Postle Associates
El Gallo is one of several “mirror-image” Bolivar-type high grade copper-zinc skarns identified on the property, one of several skarns (including the Bolivar mine) that adjoins the South Bolivar skarn and may be of similar scale as Bolivar Mine.
La Increible is a Cananea-type breccia-pipe target. Drilling has confirmed high-grade mineralization, with values up to 3% copper.

The Promontorio copper-gold property also offers potential for near-term pilot mining production and will be actively explored and evaluated in 2006. It hosts high-sulphidation, epithermal-style mineralization. The property is prospective for discoveries beyond existing specified resources and a drilling program will start in March.

The Company intends to build on its success in the Sierra Madre belt by evaluating potential acquisitions in the region. More than 15 projects are under study at this time and management will favor base metal properties with significant gold and silver credits with potential for near-term production that could be expanded through exploration and development programs.

With an expanded technical team and increased financial strength from test-mining activities, Dia Bras is positioned for an exciting period of growth. Mexico offers many advantages, including good geology, political and social stability, a favorable investment climate, and an enduring mining heritage.

The Company will be presenting at PDAC on Monday March 6 at 2:00 p.m. Come visit us at Booth #4031.

Dr. Thomas L. Robyn, Executive Chairman, is the Qualified Person for technical statements made in this release.

About Dia Bras
Dia Bras is a Canadian mining and exploration company focused on precious and base metals in the State of Chihuahua, northern Mexico. The Company is actively exploring and developing its three key assets – the Bolivar copper-zinc project, the newly acquired Cusi silver mining camp and the Promontorio property – in the world-renowned Sierra Madre mineral belt. The Company trades on the TSX Venture Exchange, under the symbol “DIB”.

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For further information contact:

Thomas L. Robyn
Executive Chairman
(514) 393-8875 ext. 241

or

Nicole Blanchard
Managing Partner
Sun International Communications
(450) 627-6600

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

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.