Diaz Resources Ltd (fka DZRFF)

[mhlld]

Diaz Announces Casing of the Hound Dog R. Dickson #2 Well, Lavaca County, Texas
Monday March 20, 11:38 am ET

CALGARY, Alberta--(BUSINESS WIRE)--March 20, 2006--Diaz Resources Ltd. (TSX:DZR - News) announces that the Hound Dog R. Dickson #2 well has reached total depth of 17,220 feet and is currently being cased. Diaz has a 25% working interest in the well.

Based on the Company's log analysis, the well has encountered multiple potential Wilcox gas zones and completion operations are anticipated to commence within 45 days. Diaz plans to construct production facilities prior to the commencement of the completion operations.

The Company has identified several additional future drilling locations within the Hound Dog field based on the positive results of the Hound Dog R. Dickson #2 well.

Diaz is an oil and gas exploration and production company based in Calgary, Alberta. Diaz's current focus is on shallow gas developments in southern Alberta, natural gas exploration in central and southern Alberta and deep gas exploration in Texas.

Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.

The Toronto Stock Exchange has not reviewed and does not accept re sponsibility for the adequacy or accuracy of this release.

Diaz Resources Ltd. (TSX:DZR - News)



Contact:
DIAZ RESOURCES LTD.
Robert W. Lamond
Chairman
[phone]
Fax: [phone]
Website: www.diazresources.com
Email: [e-mail]
OR
DIAZ RESOURCES LTD.
Charles A. (Tony) Teare
Executive Vice President
[phone]
Fax: [phone]
Website: www.diazresources.com
Email: [e-mail]

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Source: Diaz Resources Ltd.

http://biz.yahoo.com/bw/060320/20060320005750.html?.v=1