Return to index September 8, 2011

Private Placement completed

MONTREAL, QUEBEC-DIOS EXPLORATION closed a non-brokered private placement of 150 units for gross proceeds totalling $150,000, 41 % of such placement completed with 4 directors (62 units for $62,000). Each unit consists of flow-through Common Shares at $0.35 per share with one warrant per share. Each warrant entitles 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. There is a hold period of 4 months on all 428,550 Common Shares and 428,550 warrants issued.

The proceeds will be used on gold-diamond Lake LeCaron property (Au33East), James Bay, Québec, where DIOS discovered a high grade gold showing and many glacial till gold trains and kimberlite indicator minerals. Lake LeCaron property is located north-east of gold Au 33 West recently optioned to OSISKO and some km north of the Clearwater gold deposit and some tens of km south of the worldclass Eleonore gold deposit.