Diaz Resources Ltd.
TSX : DZR

Diaz Resources Ltd.

July 07, 2011 10:03 ET

Diaz Accepted for Trading on the TSX Venture Exchange

CALGARY, ALBERTA--(Marketwire - July 7, 2011) - Diaz Resources Ltd (TSX:DZR) is pleased to announce that its common shares will begin trading on the TSX Venture Exchange as a Tier 1 issuer as of July 14, 2011. The Company will retain its current trading symbol – "DZR". Diaz has voluntarily applied to delist from the TSX.

Robert W. Lamond, President, CEO and Chairman, commented that "Given the market capitalization and current trading price of Diaz common shares on the TSX, it is appropriate for the Company to move its listing to the TSX Venture where most of the Company's junior oil and gas peers are listed.

With the recent refinancing of the Company through the issuance of an $8 million convertible debenture, the Company is positioned to add value to its shareholders through the development of its Alberta and Saskatchewan properties. We anticipate that the first well of the new horizontal drilling program at our main Lloydminster play will commence drilling within the week."

About Diaz

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: This press release contains forward looking statements. More particularly, this press release contains statements concerning the Company's listing of its common shares on the TSX Venture Exchange and the de-listing of its common shares for trading on the TSX and the beginning of a new horizontal drilling program at the Company's Lloydminster field. Although Diaz believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Diaz can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

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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