Veraz Petroleum Announces Filing of Annual Audited Financial Statements and Management Discussion and Analysis

CALGARY, ALBERTA--(Marketwire - April 11, 2011) - Veraz Petroleum Ltd. ("Veraz") (TSX VENTURE:VRZ) Veraz is pleased to announce that it has filed its audited annual financial statements and accompanying notes for the year ended December 31, 2010 and its Management's Discussion and Analysis with Canadian Securities Regulatory authorities. Copies of these documents may be obtained with other Veraz disclosure documents through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Veraz Petroleum Ltd. is a junior South American focused oil and gas exploration company based in Calgary, Alberta.

Forward-Looking Statements. Certain information provided in this press release constitute forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "plan" and similar expressions are intended to identify such forward-looking statements. Specifically, this press release contains forward-looking statements relating to future drilling and exploration plans. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our Canadian securities filings. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in oil prices; the results of exploration activities; timing and rig availability, fluctuation in foreign currency exchange rates; changes in environmental and other regulations; risks associated with oil and gas operations; and other factors, many of which are beyond the control of the Companies. There is no representation by the Companies that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, The Companies assume no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.