Diaz Resources Ltd.
TSX : DZR

Diaz Resources Ltd.

July 19, 2011 11:34 ET

Diaz Commences Lloydminster Heavy Oil Development Program

CALGARY, ALBERTA--(Marketwire - July 19, 2011) - Diaz Resources Ltd. (TSX:DZR) announces today that it has began drilling the Lloyd HZ 105/15-18-48-1W4 well. This is the first of four horizontal Lloydminster heavy oil wells which Diaz plans to drill in the 3rd quarter of 2011.

Diaz is also acquiring seismic over two other heavy oil projects in the general Lloydminster area. The seismic will be utilized to optimize future drilling.

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. 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.

NEITHER THE TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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