SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

October 15, 2010 16:00 ET

Topaz Resources and RMJ Partner in Barnett Shale Well

DENTON, TX--(Marketwire - October 15, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ) today announced that RMJ, Inc. has purchased from Topaz 25% of the Barnett Shale well recently drilled by Topaz in the "oil" leg of the Barnett Shale formation in North Texas, which Topaz currently is preparing to complete.

"We have visited the offices of Topaz, reviewed the logs of this Barnett Shale well recently drilled by Topaz and completed our due diligence," commented Eric Moe, CEO of RMJ, Inc., "and we are very pleased with the opportunity to drill out this lease with Topaz as our partner and operator."

"We are pleased to have closed on the first well of our Multi-Well Program with RMJ," added Ted Munden, CEO of Topaz Resources, "and look forward to working closely with RMJ for the completion of this well in the very near future."

About RMJ

RMJ is a private independent oil and gas (E&P) company engaged in the exploration, development and production of oil and gas in Texas, Oklahoma and California.

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. The Company's website can be found at www.topazresourcesinc.com.

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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