MONTREAL, QUEBEC -- (MARKET WIRE) -- 10/26/06 -- Dia Bras Exploration Inc. ("Dia Bras" and or the "Company")(TSX VENTURE: DIB) is pleased to announce additional high-grade drill intercepts from its underground drilling program at the Bolivar Mine in the State of Chihuahua, Mexico. The best intersection returned 9.70 m grading 3.56 %Cu, 35.30 % Zn and 29.30 g/t Ag.

The drill holes were drilled from the mine's Level 6. Holes DB06BM034, 35 and 36 tested the down-dip extension around level 7 of the Rosario and Rodolfo zones, which are elongated on a NW strike. Holes 34 and 35 cut the target skarn horizon but encountered low metal concentrations.

Hole DB06BM036 cut from 88.25 m to 109.5 m a 21.25 m section grading 0.3% Cu and 4.2% Zn, including a 3.0 m section from 97.5 m to 100.5 m of 0.2% Cu and 8.3% Zn. Hole 36 seems to have cut the same mineralized zone intersected by surface hole 168 that cut from 134 m to 144.5 m a 10.5 m section at 0.19% Cu, 7.8% Zn and 35.4 g/t Ag (see news release dated September 29, 2006).

A second set of three (3) underground holes collared from level 6 tested the Fernandez Trend. Hole DB06BM037 and 38 tested the depth extension around level 7 of the Fernandez with the following results:

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Drill Hole     From     To   Length      Cu       Zn     Au       Ag
                  m      m        m       %        %    g/t      g/t
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DB06BM036     88.25  109.5    21.25     0.3      4.2      -        -
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Including      97.5  100.5      3.0     0.2      8.3      -        -
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DB06BM037      14.0   15.5      1.5    1.09     8.84      -       40
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and            20.0   21.5      1.5    1.22    11.04      -      100
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DB06M038          0     15     15.0    0.91     2.79      -       29
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Including       1.5    7.5      6.0    1.41     5.17      -     47.5
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DB06M039       40.7   50.4      9.7    3.56     35.3      -     29.3
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Hole DB06BM039 tested the Fernandez zone on the level 6 in front of the actual drift and intersected from 40.7 m to 50.4 m a 9.7 meter section of very-high-grade massive sulfides grading 3.56% Cu, 35.3% Zn and 29.3g/t Ag.

This intersection of hole 39 extends the Fernandez high-grade mineralized zone further to the SE along the Fernandez trend, and additional drilling is in progress.

Surface drilling continues to test the Bolivar Sur skarn in the El Gallo area towards the Increible in order to define more Cu-Au-Ag-Fe mineralization. Three drill rigs are working and a compilation of the latest results will be published shortly.

Mr. Andre St-Michel, engineer and Executive Vice-President of Dia Bras, is the qualified person within the meaning of NI43-101.

Method of analysis

The core samples were analysed by atomic absorption at the Company's Malpaso lab, with the exception of the samples from hole 39 that were assayed at ERSA Global Laboratory at their facilities in Torreon, Mexico.

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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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.

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

Dia Bras Exploration
Rejean Gosselin
President
(514) 393-8875 ext. 241
Email: info@diabras.com
Website: www.diabras.com

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