Private Placement of $1.2 million completed in DIOS by IAMGOLD

TSX-V: DOS February 03, 2011

Private Placement of $1.2 million completed in DIOS by IAMGOLD

MONTREAL, QUEBEC, CANADA – DIOS EXPLORATION reports the closing of a private placement of $1.2 million with IAMGOLD Corporation for 3,428,572 Common Shares of DIOS, at a price of $0.35 per share. See press release dated January 20, 2011. No fee was paid. The shares issued have a four month hold period.

The proceeds (80%) will be used on DIOS' Shipshaw Carbonatite Complex discovered by DIOS some seven kilometers away from the Niobec mine and ferro-niobium facilities owned by IAMGOLD, Saguenay, Quebec.

For more information on DIOS’ EXPLORATION PROJECTS, see the following video: http://diosexplo.com/news.php?id=20101218-00

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact :

Marie-Jose Girard, President & CEO 43-101 QP [email protected] Tel. : (514) 483-5149 Fax : (514) 510-7964

Website : www.diosexplo.com