DZR Diaz Resources Ltd

Diaz Resources Ltd. (TSX VENTURE:DZR) announces today that its three recently
drilled horizontal heavy oil wells, at Lloydminster, Alberta, have now been on
production for 30 days and are averaging a combined rate of 200 barrels of oil
per day.


The new wells bring production from the Diaz operated pool to approximately 350
barrels of oil per day. Diaz has a 50% working interest in the Lloydminster pool
and anticipates that additional development drilling will commence in the 4th
quarter of 2011. 


Diaz is an oil and gas exploration and production company based in Calgary,
Alberta. Diaz's current focus is on oil development and exploration in Alberta
and Saskatchewan.


ADVISORY: Certain information in this news release, including drilling plans and
projected drilling, completion and equipping costs, may constitute
forward-looking statements under applicable securities laws and necessarily
involve risks including, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, environmental risks, competition from other producers, inability
to retain drilling rigs and other services, capital expenditure costs, including
drilling, completion and facilities costs, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements. Readers are
cautioned that the foregoing list of factors is not exhaustive. 


The forward looking statements contained in this press release are made as of
the date hereof and Diaz undertakes no obligations to update publicly or revise
any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

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