Humboldt Capital Corporation increases interest in Diaz Resources Ltd.

CALGARY, Oct. 16 /CNW/ - Humboldt Capital Corporation (TSX-V: HMB) advises that it has acquired an additional 6,048,000 common shares of Diaz Resources Ltd. (TSX-V: DZR) from a private placement offering completed by Diaz Resources Ltd. As a result, Humboldt together with its major shareholder, Robert W. Lamond, will own and control an aggregate of 29,549,467 common shares or 38.6% of the outstanding shares of Diaz. Humboldt may be considered to be acting jointly or in concert with Mr. Lamond under applicable securities laws.

The acquisitions were for investment purposes and each of Humboldt and Robert W. Lamond may, from time to time, as market opportunities exist or develop, increase or decrease their beneficial ownership, or control and direction over, Diaz's common shares as permitted by securities law.

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 TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

SOURCE HUMBOLDT CAPITAL CORPORATION

For further information: For further information: R.W. Lamond, Chairman of the Board - or - C.A. (Tony) Teare, Executive Vice President, HUMBOLDT CAPITAL CORPORATION, Telephone: (403) 269-9889, Fax: (403) 269-9890, TSX-V: HMB

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HUMBOLDT CAPITAL CORPORATION

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