Diaz Announces Filing of Second Quarter 2011

Diaz Resources Ltd. (TSX VENTURE:DZR) announces that it has filed on SEDAR its
Interim Financial Statements and MD&A for the six months ended June 30, 2011.


In late June 2011, Diaz completed an $8.0 million private placement of secured
convertible debentures. The financing allowed Diaz to repay its bank debt and to
exit the quarter with positive working capital of $317,000. Subsequent to the
quarter, Diaz drilled three new Lloydminster heavy oil wells and has moved the
rig to 15-7-48-1 W4 in the adjacent section for a fourth well. Initial
production from the first two wells commenced at 80 bopd and final equipping of
the third well is underway.


Subsequent to the quarter end, Diaz sold, through separate transactions, three
non-core properties with a fourth transaction to close by August 30, 2011. The
sale of the properties, which comprised minor production volumes, will generate
approximately $1.6 million. The Company's available bank line, currently
undrawn, was reduced by $200,000 to $3.3 million as a result of the
dispositions.


In addition, Diaz has farmed out part of its interest in a title preserving well
in Section 7-48-1 W4, adjacent to its current Lloydminster development, to
Tuscany Energy Ltd. As part of the farmout, Tuscany will fund 75% of the
drilling, completion and equipment costs in the initial test well. Diaz will
retain a 15% interest, until payout, after which Diaz will back-in for a 45%
working interest. The test well is being drilled at the time of this report.


As a result of the non-core property disposals and the farmout arrangement, Diaz
will be able to add four new wells to its Lloydminster production base without
the need to draw on its bank line during the third quarter. This leaves Diaz
well positioned to proceed with additional drilling in the fourth quarter, at
Lloydminster and other heavy oil prospects, after the results of the current
program have been assessed.


Diaz plans to continue development drilling in its Lloydminster heavy oil pool
while commencing to exploit its inventory of lands prospective for heavy oil
accumulations in Alberta and Saskatchewan.


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


ADVISORY: This press release contains forward looking statements. Although Diaz
believes that the expectations reflected in these forward looking statements are
reasonable, undue reliance should not be placed on them because Diaz can give no
assurance that they will prove to be correct. Since forward looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. 


The forward looking statements contained in this press release are made as of
the date hereof and Diaz undertakes no obligations to update publicly or revise
any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.