SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

October 13, 2010 06:00 ET

Grass Roots Research Issues Buy Recommendation on Topaz Resources

DENTON, TX--(Marketwire - October 13, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ) today announced that Grass Roots Research and Distribution, Inc. (, the Investor Awareness Industry's Research Firm of Choice, has issued its 2nd Research Report with a Buy Recommendation on Topaz Resources.

Grass Roots' report stated: "Topaz is one of the most exciting junior oil and gas exploration and production companies. The Company is transforming itself from a start-up stage to a development stage oil and gas Company.

"We believe the Company's focus in the attractive North-West-Central Texas Area together with the experience and proven track record of its management team will provide enhanced returns on investment. The Company intends to become an intermediate level oil and gas producer in the next few years. The stock is an attractive short term trade and long term buy provided funds are raised."

The Research Report is available at:

About Grass Roots Research and Distribution, Inc. (
The Cohen Research and Grass Research brand names are the worldwide Gold Standard for micro cap/small cap research. Grass Roots has raised the art of fundamental securities research by forecasting the three statements and valuing all of its companies in three cases over a 5 year time period. Grass Roots distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation. Both Grass Roots and Cohen Research are owned by D. Paul Cohen. Mr. Cohen founded the West Coast regional offices of Bear Stearns and Co., and was named as one of the original Dirty Dozen analysts, considered by many at that time to be the top 12 securities analysts in the USA.

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. 

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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