Brian said: "Liam showed by winning Stranraer Young Player of the Year while on loan from Falkirk that he is a capable defender, and one I'm delighted will be staying with us for the coming season".
Reid also revealed that experienced defender David Barron will again join the squad for pre season training.
"Everyone could see Div is a class player. Unfortunately his season was devastated by injury, but we all hope he can come back and push for a long term starting position with us next season".
New signings: Smart Osadolor (Annan), Scott Agnew (St Mirren), Frank McKeown (Morton)
Re-signed: Willie Gibson, Steven Bell, Scott Robertson, Kyle Turner, Calvin Kemp, Sam McCloskey, Max Currie, Ryan Thomson, Craig Malcolm, Mark McGuigan, Cameron Belford, Liam Dick
Departures: Jamie Longworth (Alloa), Dale Keenan, Peter McGill, Lee Mair, Andy Stirling (Dumbarton), Craig Pettigrew (Dumbarton), Scott Rumsby, Paul Cairney (Ayr United)