Diaz cases second Lloydminster oil well

CALGARY, Oct. 26 /CNW/ - Diaz Resources Ltd. (TSX: DZR) is pleased to announce the successful drilling of the second well in its Lloydminster development program.

The well, 102/06-18-48-1W4 which Diaz holds a 50% working interest, was drilled horizontally to 1,513 meters and a production liner set. The well is expected to commence production in approximately two weeks.

Diaz plans a third well at Lloydminster with a spud date of late November 2009.

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.

    
    NEITHER THE TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
    (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE)
    ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

SOURCE DIAZ RESOURCES LTD.

For further information: For further information: Robert W. Lamond, Chairman - or - Donald K. Clark, Chief Operating Officer, DIAZ RESOURCES LTD., Telephone: (403) 269-9889, Fax: (403) 269-9890, Website: www.diazresources.com, Email: info@diazresources.com, TSX: DZR

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DIAZ RESOURCES LTD.

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