Dia Bras Exploration Inc. (DIB-V) ("Dia Bras or the "Company") is pleased to announce additional high-grade silver values from its Cusi property in the State of Chihuahua, Mexico. Re-assay of drill core yielded 35.4 Kg/t Ag over 0.4 meters from La India.  In addition, channel sampling in Santa Edwiges yielded 2.7Kg/t Ag over 3.62 meters.  Both of these mines are owned 100% by the Company

LA INDIA
On October 3, 2006 the Company announced a drill intersection of 1.4 meters grading over 10,000 g/t Ag (>10 Kg/t) from the drilling program at La India.  Over-assay data by Chemex reveals two matters of interest: 1) the Ag content of the drill intercept is 35,442 g/t Ag (35.4 Kg/t); and, 2) the lab reversed the Company’s sample numbers, and the drill intercept is 0.4 m, not 1.4 m.  The sample interval is 200.4 to 200.8 meters from drill hole DC06B012.

SAN EDWIGES
The Santa Edwiges channel sample is one of 28 collected from a structure exposed in a crosscut on the first level of the mine in an area that is being developed for early bulk sampling.  Material from the bulk sample will be trucked to the Company’s mill at Malpaso, a distance of 38 km, and will be processed in the mill’s new 500 tpd circuit.  In total, 28 channel samples averaged 334.3 g/t Ag, 1.01% Pb and 0.30% Zn, as shown in the table below.  The true width of the sampled structure is 10 meters, and the various samples were collected around the gallery.

	Sample	Ag (g/t)	Pb (%)	Zn (%)	Cu (%)	Width (m)
	681223	120	1.6	0.26	not reported	3.70
	681224	170	1.2	0.18	not reported	3.80
	681225	180	0.75	0.57	not reported	3.50
	681235	60	1.1	0.26	not reported	1.50
	681236	450	0.76	0.23	not reported	3.38
	681237	120	0.61	0.21	not reported	1.61
	681249	310	1.12	0.1	not reported	3.60
	681250	260	0.8	Ind.	not reported	3.45
	681251	2700	2.67	0.58	not reported	3.62
	681253	530	1.94	0.05	not reported	1.41
	681254	520	2.91	0.03	not reported	3.53
	681255	150	0.99	Ind.	not reported	1.36
	681259	220	0.94	0.15	not reported	1.00
	681260	110	1.03	0.05	not reported	3.50
	681275	110	0.7	0.39	not reported	1.50
	681276	130	0.86	0.32	not reported	1.93
	681279	110	0.53	2.9	not reported	1.55
	737534	1400	0.81	0.18	0.04	2.84
	737535	350	1.31	0.25	0.2	2.50
	737546	110	0.48	0.14	0.05	1.80
	737548	190	0.89	0.15	0.05	1.92
	737563	420	0.32	0.18	not reported	2.47
	737564	240	1.11	Ind.	not reported	5.00
	737565	70	1.2	0.09	not reported	4.00
	737631	40	0.17	0.01	not reported	not recorded
	737632	130	0.72	0.01	not reported	not recorded
	737645	30	0.26	0.11	not reported	not recorded
	737647	130	0.41	0.03	not reported	not recorded
No./Avg.	28	334.29	1.01	0.30

SURFACE MAPPING
Mapping by the Company’s geologists demonstrates that the La India-San Miguel-La Bamba mines are separated from the Santa Edwiges-Santa Marina-Promontorio mines by a NW-trending fault that has uplifted the Santa Edwiges block relative to the La India block.  The silver-rich precious metals portion of the Santa Edwiges block, therefore, has been eroded and the veins exposed on the surface and in the shallow mine workings are from the base metals portion of the zoned vein system. However, as shown in the table above, high silver values are commonly found associated with base metals in that portion of the system.

The Company has received a report on the mineralogy of veins in the Santa Edwiges block from its consultant Prof. Larry Meinert, the conclusions of which are consistent with the interpretation that the Santa Edwiges block, containing the Mexicana vein and the San Antonio vein, is in the upper base metal portions of the vein system.  He writes:

“Veins in the Cusihuiriachic district consist of banded, crustiform, and brecciated quartz with bands, disseminations, and massive zones of sulfide-rich ore.  Except for supergene oxidized and enriched ore, such as at La India, sphalerite and galena are present in all ore zones.  Thus, the Cusihuiriachic district should be thought of as a high level base metal vein system that overlies or is peripheral to a buried intrusion.  This intrusion may be mineralized and the presence of carbonate rocks in the sub-surface makes the presence of skarn ore likely.

The sulfide mineralogy of the Cusihuiriachic veins is relatively simple with major sphalerite and galena, with minor pyrite and locally chalcopyrite (mainly as inclusions in sphalerite).  Although looked for, no discrete Ag minerals were found by petrographic, XRD, or SEM analysis.  Silver assays ranged from 104-474 ppm, for hand selected high-grade samples.”

Dia Bras acquired the Cusi district only eight months ago. This district includes 12 inactive mines that have very promising potential since they have never been explored at depth. The Company is exploring multiple silver-rich vein targets, some of which are open-pitable such as La Bamba and some are base metal and skarn replacement deposits. The program of surface mapping and sampling, surface core drilling, and underground mapping and sampling is well underway.  The San Miguel and Promontorio mines are being de-watered, and the lower levels are expected to be free of water in February 2007.  These levels will then be cleaned and rehabilitated, surveyed and sampled to confirm the presence of mineralized blocks reported in historical mine records.

Method of analysis
The samples from La India were analyzed by ICP and AA methods by Chemex at their facilities in Vancouver, Canada. The samples from San Edwiges were analysed by AA methods at the Malpaso Mill.

The technical content of this news release has been approved by André St-Michel, engineer and Executive Vice-President of Dia Bras, a Qualified Person as defined in NI43-101.

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 Cusi silver mining camp. The Company trades on the TSX Venture Exchange, under the symbol “DIB”.

For further information on Dia Bras contact:

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

Réjean Gosselin
President
Dia Bras Exploration
(514) 393-8875 ext. 241

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

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 that 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.

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