Diaz Resources Ltd : Diaz Updates Lloydminster Production

DIAZ RESOURCES LTD.

#1800, 633 Sixth Avenue S.W.

Calgary, Alberta

T2P 2Y5 Canada

The following is for immediate release Thursday, September 22, 2011

DIAZ UPDATES LLOYDMINSTER PRODUCTION

Diaz Resources Ltd. (TSXV: DZR) announces today that its three recently drilled horizontal heavy oil wells, at Lloydminster, Alberta, have now been on production for 30 days and are averaging a combined rate of 200 barrels of oil per day.

The new wells bring production from the Diaz operated pool to approximately 350 barrels of oil per day. Diaz has a 50% working interest in the Lloydminster pool and anticipates that additional development drilling will commence in the 4th quarter of 2011.

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.

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] TSXV: DZR

ADVISORY: Certain information in this news release, including drilling plans and projected drilling, completion and equipping costs, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, environmental risks, competition from other producers, inability to retain drilling rigs and other services, capital expenditure costs, including drilling, completion and facilities costs, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive.

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 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.