Diaz Resources Ltd.

Diaz Resources Ltd.

July 15, 2011 13:59 ET

Diaz Announces Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwire - July 15, 2011) - Diaz Resources Ltd (TSX VENTURE:DZR) announces today that it has filed notice with the TSX Venture Exchange (the "Exchange") to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 4,500,000 of the issued and outstanding Common Shares (being approximately 5% of the 90,835,352 Common Shares outstanding at July 14, 2011). Purchases will be made on the open market through the facilities of the Exchange. CIBC Wood Gundy will conduct the Bid on behalf of Diaz. The price which Diaz will pay for any shares purchased by it will be the prevailing market price of such shares on the Exchange at the time of such purchase.

The Bid will commence on July 18, 2011, and will terminate on the earlier of July 17, 2012, and the date on which Diaz acquired all of the shares sought pursuant to the bid. Any shares acquired by Diaz pursuant to the bid will be cancelled.

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 purchase of common shares for cancellation through a normal course issuer bid. 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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