Diaz Notes Production Rates at Lloydminster Wells

Diaz Resources announced that its three recently drilled horizontal heavy oil wells, at Lloydminster, Alberta, have now been on production for 30 days and are averaging a combined rate of 200 barrels of oil per day.

The new wells bring production from the Diaz operated pool to approximately 350 barrels of oil per day. Diaz has a 50% working interest in the Lloydminster pool and anticipates that additional development drilling will commence in the 4th quarter of 2011.