This property is going to be the most interestingNiobium is the word of the day. I feel they are onto a very interesting property here. Close to infrastructure, a deep see port and they have found the middle of an old volcano,,,,,good things to come.
Cheers
TSX-V: DOS March 25, 2010DIAMOND DRILLING PROGRAM ONGOING ON THE SHIPSHAW CARBONATITE COMPLEXMONTREAL, QUEBEC, CANADA ? DIOS EXPLORATION INC. reports the currentongoing diamond drillling program on its Shipshaw Carbonatite Complex,QC.Evaluation of the Shipshaw carbonatite complex requires a lot ofdrilling, but it is interesting to note that overburden was only sevenfeet thick in the center of the geophysical anomaly with a further 6-7meters of limestones and conglomerates only before reaching the complex.A lot of care was taken for mineralogical descriptions as it is verycomplex before a hundred one-meter long core samples were sent out forevery commodity analysis possible two weeks ago. Three holes to datewere drilled through the carbonatite complex and some rock type photosare shown on DIOS website at:https://www.diosexplo.com/shipshaw.phpas well as photos from a short exploratory hole some 2.4 km away thatintersected several horizons of ultramafic rocks bearing a lot ofsimilarities with kimberlite looking rocks, for instance. The diamonddrilling campaign is being pursued in the scope of the acquisition of afurther 15% in the project for a $300,000 in exploration expenditures.DIOS already owns a 60 % interest in the project. The ShipshawCarbonatite Complex is related to the Saguenay Rift Zone and a faultzone related to the Shipshaw River, discovered through testing anancient topographic parallel bedrock low.BOARD MEETINGDIOS announces that, following its yearly Planning Board meeting, heldthis week, it has granted an aggregate 980,000 incentive stock optionsunder Stock Option Incentive Plan to directors, officers and employeesat an exercise price of
.34 per share. Of these options, an aggregate785,000 options have been granted to the Company's directors andofficers. The options expire five (5) years from the date of grant, vestquarterly over an 18-month period, and are subject to the required four(4) month hold period and other applicable regulatory approvals.A major exploration budget has also been approved for 2010 forexploration of Shipshaw, U33, 33 Carats, Hotish and Pontax projects,mainly. DIOS is in a good financial position with its 4.1 M$ non-flowthrough working capital to pursue its exploration programs. DIOSfocuses on its high potential research programs, without incurring anyshare capital dilution in the short term, to ensure some sort of upsideleverage in case of discovery. DIOS has only 34,333,839 shares and nowarrants outstanding.This press release was prepared by Marie-Jose Girard, M.Sc., P.Geo, and aQualified Person pursuant to National Instrument 43-101.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.