Diaz licences new Lloydminster well

CALGARY, Aug. 6 /PRNewswire-FirstCall/ – Diaz Resources Ltd. (TSX:DZR) today reported that it has licensed a second well, 102/06-18-48-1 W4, on its developing Lloydminster oil play.

The second location is an offset to its initial oil well 11-18-48-1 W4, announced June 1, 2009, and is the first of a multi-well program in the area. Diaz is operator of the well and holds a 50% working interest. The well is planned to commence in early September.

Diaz is an oil and gas exploration and production company based in Calgary, Alberta. Diaz’s current focus is on oil development in Alberta and Saskatchewan.

ADVISORY: Certain information regarding the Company in this News Release including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, capital expenditure costs, including drilling, completion and facilities costs, unexpected decline rates in wells, wells not performing as expected, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhausted. Additional information on these and other factors that could effect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) and at the Company’s website (www.diazresources.com). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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SOURCE Diaz Resources Ltd.