Dia Bras Exploration Inc. (DIB-V) ("Dia Bras or the "Company") registered a record 9,113 dry metric tonnes (DMT) in September to close the third quarter 2006 with 23,588 DMT processed and US $7.2 million in concentrate production value at its Bolivar Mine pilot-mining program in Chihuahua, Mexico.
 
During the quarter ended eptember 30, 2006, the Company processed 23,588 DMT of material averaging grades of 9.63% Zn and 2.12% Cu, with the month of September contributing for more than 9,100 DMT, the most productive month in terms of tonnage processed since operations began. Recoveries at the Malpaso mill averaged 91.96% for zinc and 85.96% for copper resulting in a production of 3,504 DMT of zinc concentrate and 1,497 DMT of copper concentrate during the third quarter.

The value of total concentrate production based on average monthly zinc and copper prices is estimated at US$7.2 million, which exceeds the early 2006 forecast of US$4.0 million per quarter. Direct operating costs for the quarter, including shipping of concentrate, amounted to US$2.7 million. Sustained high prices for zinc and copper during the quarter combined to result in continued generation of positive cash flow, which finances the exploration and capital expenses as well as property payments.

During the nine-month period ended September 30, 2006, Dia Bras billed a total of US$21.9 million, which included invoices for final settlement for concentrate shipped in late 2005. In the final billing process, the Company continued to benefit from increase metal prices resulting in higher sales of concentrate.

The Company’s total concentrate production is sold to MRI Trading AG (MRI), a Swiss-based, privately-owned commodity trading company, pursuant to a standard concentrate purchase agreement.
The pilot-mining program provides essential data on costs, logistics, grade, recovery and metallurgy that will serve for a feasibility study on the Bolivar property. The short-term objective of the program is to generate sufficient cash flow from zinc and copper concentrate production to finance development and exploration at the Bolivar mine and elsewhere on the Bolivar project.

It is important to note that Bolivar is not at a commercial production stage. The completion of a feasibility study is required to confirm the economic viability of a property before it is brought into commercial production.

Bolivar Pilot-Mining Program
Summary – Q3 - 2006

Material Processed				Total Estimated Production (1)	Operating Cash Cost (1) US$ (Millions)
			Tonnes	US$ (Millions)
Actual			23,588	7.2	2.7
Forecast			22,500	4.0	2.5
Over (under)			1,088	3.2	(0.2)
Zinc	Average Grade	Recovery	Zn Concentrate Production (DMT)	Production Value in US$ (Millions) (1)
Actual	9.63%	91.96%	3,504	4.4
Forecast	11.00%	85.00%	3,700	2.6
Over (under)	(1.37)%	6.96%	(196)	1.8
Copper	Average Grade	Recovery	Cu Concentrate Production (DMT)	Production Value in US$ (Millions) (1)
Actual	2.12%	85.96%	1,497	2.8
Forecast	2.50%	75.00%	1,600	1.4
Over (under)	(0.38%)	10.96%	(103)	1.4

The following table presents average data per tonne of rock processed in the pilot-mining program for the nine-month period ended September 30, 2006:

	US$/Tonne Processed
Net smelter revenue (1)	312.00
Direct operating cash costs (1)	115.00
Gross margin before amortization (1)	197.00

 (1) Non-GAAP measure : The Company reports production value, production costs, direct operating cash costs and gross margin before amortization even if it is a non-GAAP measure to inform about the current approximate value of future sales billings, isolate the measure of pilot-mining direct operation costs activities less amortization and depreciation. This is additional information and should not be considered as a substitute for the measure of performance prepared in accordance with GAAP.

About Dia Bras
Dia Bras is a Canadian exploration mining company focused on precious and base metals in the State of Chihuahua, in northern Mexico. The Company is committed to developing and adding value to its assets – the Bolivar copper-zinc project and the newly acquired Cusi silver mining camp. The Company trades on the TSX Venture Exchange, under the symbol “DIB”.

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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.