SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

November 26, 2010 14:40 ET

Topaz Resources Provides Industry Update

DENTON, TX--(Marketwire - November 26, 2010) -  Topaz Resources, Inc. (OTCBB: TOPZ) is pleased to provide an update regarding the Company's continued commitment to exploration and production of natural gas as part of developing a balanced portfolio of oil and gas properties.

The Powell Barnett Shale Newsletter recently has reported total natural gas production in the North Texas Barnett Shale has passed a milestone level of 8 trillion cubic feet. The area continued to produce more than 5 billion cubic feet per day in the first eight months of this year, despite a steep decline in drilling since gas prices crashed in the latter half of 2008.

The report also stated, "Natural gas will be the clean-burning fuel ... which the United States will use as its primary energy in the decades to come. This will drive up the price and increase production of natural gas everywhere, as it is also good for the environment as compared to oil and coal."

Topaz is pleased with this positive news as it supports the goals and objectives of the Company going forward, which will include announcements during December of additional acquisitions of Barnett Shale gas and oil properties and partnerships.

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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