DIA BRAS ANNOUNCES APPLICATION TO LIST ON THE LIMA STOCK EXCHANGE AND APPOINTMENT OF INVESTOR RELATIONS DIRECTOR ______________________________________________________________________________________ Toronto, Ontario, January 19th, 2012 - Dia Bras Exploration Inc. ("Dia Bras" or the "Company") (TSXV: DIB) announces that it has made an application to have its common shares listed on the Bolsa de Valores de Lima (the Lima Stock Exchange). There can be no assurance that such application will be accepted and any such listing will be subject to the Company satisfying all of the requirements of the exchange. The Company expects to receive a response to its application in the month of February 2012. If and when its application is accepted by the exchange, the Company will make a further announcement.

The Company has contracted an international bank with local presence in Lima to support it in the listing of common shares of the company.

Dia Bras is also pleased to announce the appointment of Matthew Morrish as Director of Investor Relations. Mr. Morrish was previously an Investor Relations consultant for Alexandria Minerals Corporation, a gold exploration company with activities in Ontario and Quebec. He brings with him an extensive array of industry knowledge and experience. Mr. Morrish is currently pursuing a B.Sc. degree from Dalhousie University in Halifax, Nova Scotia.

About Dia Bras

Dia Bras is a Canadian listed mining company focused on precious and base metals in Peru and Mexico. The Company owns and operates the Yauricocha Mine (Ag-Cu-­