Humboldt Announces Support for Diaz Resources Ltd. Share and Debt Reorganization Plan

Humboldt Capital Corporation (TSX VENTURE:HMB) announced today that it has
entered into a support agreement with Diaz Resources Ltd. ("Diaz"), pursuant to
which Humboldt has agreed to vote all of the Diaz common shares and the 10.5%
convertible secured subordinated debentures ("Secured Debentures") of Diaz owned
by Humboldt in favor of a Share and Debt Reorganization Plan proposed by Diaz. 


The Share and Debt Reorganization proposal if completed will result in: (i)
Diaz's common shares ("Diaz Pre-Consolidation Shares") being consolidated on the
basis of 25 Diaz Pre-Consolidation Shares for one new post-consolidation common
share ("New Diaz Share"); (ii) the outstanding 10.5% convertible unsecured
subordinated debentures ("Unsecured Debentures") of Diaz and all accrued and
unpaid interest thereon being converted into New Diaz Shares at a conversion
price of $0.50 per share; and (iii) the outstanding Secured Debentures of Diaz
and all accrued and unpaid interest thereon being converted into New Diaz Shares
at a conversion price of $0.11 per share.


Humboldt beneficially owns approximately 26 million Diaz Pre-Consolidation
Shares representing approximately 30% of the outstanding Diaz Pre-Consolidation
Shares and $7,340,000 principal amount of Secured Debentures representing
approximately 92% of the outstanding Secured Debentures. Accordingly, following
the proposed Share and Debt Reorganization, assuming a closing date of December
14, 2012 and accrued and unpaid interest on such Secured Debentures of $351,658,
Humboldt will beneficially own approximately 71 million New Diaz Shares
representing approximately 75% of the outstanding New Diaz Shares. 


The Share and Debt Reorganization is subject to shareholder, debentureholder,
stock exchange and court approval.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.