SOURCE: Topaz Resources, Inc.

Topaz Resources, Inc.

December 08, 2010 07:44 ET

Topaz Resources to Acquire Dark Horse Operating Co., LLC

DENTON, TX--(Marketwire - December 8, 2010) - Topaz Resources, Inc. (OTCBB: TOPZ) today announced that as part of its consolidation, it is acquiring Dark Horse Operating Co., LLC, which is a well established operating company in the North, Central and West Texas regions.

Dark Horse has undertaken complete operations for the drilling of more than 30 Barnett wells, from costing to preparation of AFEs and permitting through to drilling, completion and operating thereof. Dark Horse is the operator for Topaz's activities in both the oil and gas legs of the Barnett shale. Dark Horse also is the operator of, and is handling the work over program and the drilling of three wells, both recently announced by Topaz for its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County in North Texas.

The effective date of the acquisition has been set as December 31, 2010.

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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