RAB Special Situations (fka RAB)

[Ed Monton]

RAB SPECIAL SITUATIONS L.P. Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - Jun 14, 2004) - RAB
Special Situations LP ("Special Situations") entered into an
Option Agreement with Seed Capital Inc. pursuant to which Special
Situations shall have an option (the "Option") to purchase, from
time to time, up to 500,000 common shares (the "Optioned Shares")
of Dia Bras Exploration Inc. (the "Company"), at a price of
Cdn.$0.80 per Optioned Share. The Option shall expire on April
30, 2005.

The Optioned Shares represent approximately 1.37% of the issued
and outstanding common shares of the Company ("Shares") on a
partially diluted basis (assuming full exercise of the Option)
("Partially Diluted Basis").

Immediately after the transaction, Special Situations owned
2,586,666 Shares and 1,041,666 share purchase warrants (the
"Warrants") of the Company which, together with the Option,
represented approximately 11.02% of the issued and outstanding
common shares of the Company on a Partially Diluted Basis.

Special Situations entered into the Option for investment
purposes only and not with the purpose of influencing the control
or direction of the Company. Special Situations and/or its joint
actors, if any, may, subject to market conditions, make
additional investments in or dispositions of securities of the
Company in the future, including additional purchases of Shares.
Special Situations and/or its joint actors, if any, do not,
however, intend to acquire 20% of any class of the outstanding
voting securities of the Company.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
RAB Special Situations LP
Mr. Neil Warrender
(44) 20-7389-7000
[e-mail]
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.