SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

December 03, 2010 16:00 ET

Topaz Resources Commences Multi Well Drilling Program on Its North Texas Shallow Oil Project

DENTON, TX--(Marketwire - December 3, 2010) - Topaz Resources, Inc. (OTCBB: TOPZ) today announced that it has commenced the first phase of its multi well drilling program on its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County.

An analysis of logs indicates that the lease and acreage contain at least 3 productive Cisco Sand horizons at depths of 500, 1,300 and 1,700 feet, with the majority of historical production coming from the shallowest zone. Topaz has identified an initial 12 drilling locations. The first phase of this drilling program will involve drilling three wells, each to a TD depth of 1700 feet. After reaching the planned TD depth, Topaz will run logs and make the decision whether to complete at one or more of the three horizons.

Topaz expects to drill and complete these three wells during December and January.

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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