DIA BRAS EXPLORATION INC 
By For Immediate Release
TSX Venture Exchange -? DIB
No. 02 - 2012 DIA BRAS ANNOUNCES APPOINTMENT OF STEVEN DEAN AS CHAIRMANToronto, Ontario - January 26, 2012 -? Dia Bras Exploration Inc.("Dia Bras" or the "Company"), a Canadian listed mining company focused on precious and base metals in Peru and Mexico, today announced the appointment of Mr. Steven G. Dean as Chairman and Mr. Alberto Arias as Vice-? Chairman of its Board of Directors. Mr. Dean and Mr. Arias are both current members of the Company's Board. These appointments follow the resignation of Mr. Philip Renaud as Chairman. Mr. Renaud was Chairman of the Company since November 23, 2009.
Daniel Tellechea, Dia Bras
President and CEO, said, "We
thank Mr. Renaud for his
contributions as Chairman which
were instrumental in the
success of the Company's
recent growth and transformation.
Mr. Renaud will continue to
contribute his talents as a
board member and as a
member of several board
committees. We also welcome
Steven Dean as the new
Non-?executive Chairman, who
will provide leadership at the
Board level to help us
expand and improve our
mining operations and projects in
Mexico and Peru, as well
as strategic advice on
increasing market awareness of
the Company's fundamentals."
Alberto Arias also commented,
"These changes are part of
a 6-?month board restructuring
process, following the significant
transformation in the Dia Bras
business over the past 12
months. The new Chairman
and recently appointed board
members bring a substantial
amount of experience and knowledge
that will help the Company
to achieve its production
and development goals in Mexico
and Peru."
Mr. Dean, the newly appointed
Chairman, has extensive experience
internationally in mining, previously
serving as President of
Teck Cominco Limited (now Teck
Resources Ltd.). Teck is a
major international diversified
resource company and the
largest producer of metallurgical
coal in North America. It
is also a significant producer
of gold and base metals
including copper and zinc, and
operates the Trail smelter in
British Columbia, Canada.
Prior to joining Teck, Mr.
Dean was a founding member
of the Normandy Poseidon Group
(which became Normandy Mining),
the largest Australian gold
producer until its sale to
Newmont Mining in 2002, as
well as founder of PacMin
Mining, a gold producer
that became a subsidiary of
Teck Corporation in 1999. He
was also a co-?founder
and former Chairman of copper
producer Amerigo Resources Ltd.
Mr. Dean is a Fellow
of the Australian Institute
of Mining and Metallurgy, a
Member of the Canadian
Institute of Mining, Metallurgy
and Petroleum, and a Fellow
of the Institute of Chartered
Accountants of Australia.
Mr. Arias, the newly appointed
Vice-?Chairman, is the Founder
and Portfolio Manager of Arias
Resource Capital Management LP
("ARCM"), a private equity
firm focused on the metals
and mining sector. Thinvestment
funds managed by ARCM are
a significant shareholder of
the Company. Previously,
Mr. Arias was a Managing
Director at Goldman, Sachs &
Co. in their Investment
Research Department covering the
metals and mining sector.
Mr. Arias was a top-?ranked
analyst for 5-?years in a
row by Institutional Investor
Magazine in Latin American
Metals and Mining.
Mr Dean said "I look
forward to working with the
Board and management to
continue to optimize and grow
the Company's existing
operations, realize the potential of
our exciting exploration and
resource development properties and
to assist in conveying the
significance of these to
the Company's stakeholders and the
capital markets. Since the
acquisition of Corona the "new"
Dia Bras is a very
different Company and it is
now time to take our
business to the next level
by using our cash flow
to exploit the full potential
of the combined asset base"
Option granting
The Company also announces that
it has granted a total
of 1,215,358 options as
follows: 594,570 to directors;
363,477 to directors who are
also officers; 53,372 to
an officer; and 203,939 to
employees. The options are
exercisable at $3.40 over a
five-?year period and vesting
over two years.
About Dia Bras
Dia Bras Exploration Inc. 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-?Zn-?Pb-?Au) in Central
Peru and the Bolivar Mine
(Cu-?Zn-?Ag) in Chihuahua
State, Mexico. Dia Bras is
also pursuing the development and
exploration of the Cusi
Property (Ag) and exploring
several precious metals targets
such as La Cascada
(Bolivar), Las Coloradas (Melchor
Ocampo, Zacatecas State), Bacerac
(Sonora State) and Corralitos,
Satevo and La Verde projects
at the Batopilas Property
(Chihuahua State).
The Company's shares trade on
the TSX Venture Exchange under
the symbol "DIB".
For further information on Dia
Bras Exploration Inc. visit
www.diabras.com or contact:
Daniel Tellechea President & CEO
Dia Bras Exploration Inc.
1 (866) 493-?9646
Matt Morrish Investor
Relations
Dia Bras Exploration Inc.
1 (866) 493-?9646
| distribué par | Ce noodl a été diffusé par Dia Bras Exploration Inc. et initialement mise en ligne sur le site http://www.diabras.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-26 15:25:39 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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