Approval of Shareholders Rights Plan

TSX-V: DOS July 15, 2011

APPROVAL OF SHAREHOLDERS RIGHTS PLAN

MONTREAL, QUEBEC, CANADA – Shareholders of DIOS EXPLORATION voted in favour of the reconfirmation of the SHAREHOLDERS RIGHTS PLAN at the recent Annual & Special Meeting. The Board comprises the following elected directors: Marie- José Girard (Pres. & CEO), René Lacroix (CFO), Harold Desbiens (V.P.), Aline Leclerc (Geo) and Normand Payette.

The Board would like to acknowledge all shareholders and partners of DIOS for their support. The main shareholders are Pinetree Capital (16.2%), SODEMEX (CAISSE) (9.9%), IAMGOLD (9%), FTQ FUND (3%), DIAROUGH (2.3%), SIRIOS and its management (5.8%) and DIOS’management (3.2%; fully diluted 11.8%).

OSISKO optioned the AU33 WEST GOLD PROPERTY after the meeting (see press release dated July 8). IAMGOLD has the option to option the SHIPSHAW niobium and rare earths property (surrounding the Niobec mine).

DIOS also works this summer on wholly-owned AU33 EAST (Le Caron) gold and

diamond, 33 CARATS gold and diamond and HOTISH IOCG-silver-rare earths- uranium projects.

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, M.Sc. Geo, 43-101 QP

President & CEO [email protected] Tel. : (514) 483-5149 Fax : (514) 510-7964 www.diosexplo.com