DZR Diaz Resources Ltd

Diaz Resources Ltd. (TSX VENTURE:DZR) announces today that it has received the
drilling licenses and has commenced a development drilling program to drill up
to 3 horizontal Dina heavy oil wells in the Macklin, Saskatchewan area.


The first well in the program is a key well to be drilled immediately to the
north of the four currently producing Macklin oil wells, testing a section of
mineral rights acquired by Diaz in late 2011. The company shot a 3D seismic
program in Q4 2011 and has interpreted a geophysical extension of the productive
Dina oil pool on the acquired lands. Diaz has a 45 % working interest in this
project.


The Macklin development program is part of Diaz's strategic plan to expand its
oil production through low risk development drilling. As a result of this
program, Diaz's 2011 exit rate was 460 BOEd with 85% of its December 2011
revenue coming from its oil production. This was a significant improvement from
Diaz's January 2011 revenue being comprised of 42% derived from oil production.


ADVISORY: Certain information in this news release, including drilling plans and
projected drilling, completion and equipping costs, and production rates from
the Lloydminster and Macklin fields 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.


Where amounts are expressed on a barrel of oil equivalent (boe) basis, natural
gas volumes have been converted to barrels of oil at six thousand cubic feet
(mcf) per barrel (bbl). Boe figures may be misleading, particularly if used in
isolation. A boe conversion of six thousand cubic feet per barrel is based on an
energy equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead. References to oil in
this discussion include crude oil and natural gas liquids (NGLs).


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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