DIA BRAS EXPLORATION: AMENDMENT TO THE STOCK OPTION PLAN AND GRANT OF OPTIONS

Montréal, Québec, - September 28, 2006 -

Dia Bras Exploration Inc. (DIB-V) ("Dia Bras or the "Company") has retained Crowthorn Capital Corporation ("Crowthorn") as advisor and consultant to help the Company in its relations with shareholders. Mr. David Horlington, the President of Crowthorn, has a wide knowledge of European markets where the Company wishes to establish itself on a solid basis.

Crowthorn will provide the services for a twelve month period starting September 30. The Company has agreed to grant Crowthorn an option to acquire 150,000 common shares of the Company at a price of $0.90 exercisable in conformity with the Company's stock option plan and the requirements of regulatory authorities.

Stock Option Plan
On September 20, 2006, the Board of Directors approved, subject to regulatory approvals, an increase in the number of common shares provisioned for the Company's stock option plan. The approved maximum number of 9,700,000 common shares represents approximately 10% of the current number of shares issued and outstanding. The Board granted a total of 835,000 options to purchase common shares in the Company to its directors and 210,000 options to purchase common shares to officers who are not directors of the Company. In addition, 805,000 options to purchase common shares have been granted to employees of the Company and its Mexican subsidiaries. All options have an exercise price of $0.90 and an exercise period of five years.

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.