Dios approves 2008 drilling Budget

Dios Exploration Inc. announces that, following its yearly beginning of the year Board meeting, it has granted an aggregate 980,000 incentive stock options under Stock Option Incentive Plan to directors, officers and employees at an exercise price of $0.31 per share. Of these options, an aggregate 800,000 options have been granted to the Company’s directors and officers. The options expire five (5) years from the date of grant, vest quarterly over an 18-month period, and are subject to the required four (4) month hold period and other applicable regulatory approvals.

A major diamond drilling budget of at least 3 million dollars has also been approved for 2008 for exploration drilling of at least some five projects, including Hotish and Upinor (uranium) as well as Pontax, Chibouki and 33 Carats (diamonds). More budget may also be allowed for further drilling.

Dios Exploration is a very well funded uranium and diamond exploration company with strategically located properties in James Bay, Central Quebec, Canada, with a special focus on the Otish Mtns area.

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