Diaz Resources Ltd : Diaz Announces an Increase to its Line of Credit

DIAZ RESOURCES LTD.

#1800, 633 Sixth Avenue SW Calgary, AB T2P 2Y5 Canada Tel: [phone] Fax: [phone]

The following is for immediate release July 17, 2012

DIAZ ANNOUNCES AN INCREASE TO ITS LINE OF CREDIT Diaz Resources Ltd. (TSXV: DZR) wishes to announce that its line of credit, with Alberta

Treasury Branches, has been increased from $3.1 million to $3.9 million effective immediately.

Diaz is an oil and gas exploration and production company based in Calgary, Alberta. Diaz's current focus is on heavy oil exploration and development in Alberta and Saskatchewan.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Robert W. Lamond, Chairman - or - Donald K. Clark, Chief Operating Officer

DIAZ RESOURCES LTD. Telephone: [phone]

Fax: [phone]

Website: www.diazresources.com Email: [e-mail] TSX: DZR

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