Return to index 15 aout,2011

Private Placement with directors

MONTRÉAL, QUÉBEC, CANADA – DIOS EXPLORATION reports its intent to undertake a private placement mainly with directors. This placement consists of 150 units for gross proceeds totaling $150,000. The unit price is $1,000 and each unit consists of flow-through Common Shares at $0.35 per share with one warrant per share. Each warrant will entitle its holder thereof to subscribe for one flow-through Common Share at $0.49 per share for a period of 12 months after the closing date and at $0.63 during the following 12 months.

The proceeds of this placement will be used to incur exploration expenses in the short term on gold-diamond Lake LeCaron property (Au33East), James Bay, Québec, where DIOS discovered a high grade gold showing during Fall 2010 and many glacial till gold trains and kimberlite indicator minerals. Lake LeCaron property (Au33 East) is located north-east of Au 33 West recently optioned to OSISKO (July 5 press release) and also some km north of the Clearwater gold deposit and some tens of km south of the Eleonore gold deposit.

There will be a hold period of 4 months on all securities issued under this financing. This private placement is subject to regulatory approval and filings.