Diaz Resources Ltd.

Diaz Resources Ltd.

June 01, 2011 07:00 ET

Diaz Updates Corporate Presentation

CALGARY, ALBERTA--(Marketwire - June 1, 2011) - Diaz Resources Ltd (TSX:DZR) ("Diaz" or the "Company") reports that it has posted an updated corporate presentation on its website today, providing further details of the company's operating activities, including a planned new drilling program that will commence soon after the previously announced secured convertible debenture private placement closes, on or about June 10, 2011.

The information can be accessed on Diaz's website www.diazresources.com under presentations.

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 anticipated closing date of the Offering and the anticipated use of the proceeds of the Offering. 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 closing of the Offering could be delayed if Diaz is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Offering will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Offering will not be completed within the anticipated time or at all. The intended use of the proceeds of the Offering by Diaz, might change if the board of directors of Diaz determines that it would be in the best interests of Diaz to deploy the proceeds for some other purpose.

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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