Diaz Resources Ltd (fka DZRFF)

[mhlld]

Diaz Confirms Interest in New Texas Gas Discovery, Increases Production to 1,450 BOEd
Tuesday June 21, 9:02 am ET


CALGARY, ALBERTA--(CCNMatthews - June 21, 2005) - Diaz Resources Ltd. (TSX:DZR - News) today announced that its Dickson #1 well on the Hound Dog prospect, Lavaca County, Texas was flowing to market at 4.2 MMcfd with a flowing tubing pressure of 2,075 psi. The well, in which Diaz holds a 22.5% working interest, is still flowing to clean-up following a fracture treatment.



Diaz also reported that its Hancock #1 well on the Allen Ranch prospect, Colorado County, Texas is steadily producing at 3.4 MMcfd. Diaz holds a 20% working interest in this well.

With the addition of the above captioned wells, Diaz production has now reached 7.2 MMcfd and 250 Bopd, to total a combined 1,450 BOEd.

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 - statements included in this press release that are not historical facts may be considered "forward-looking statements." All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.


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Contact:

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

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