2009-10-27-2009-09-29

To buy interests in Parkman, Saskatchewan, property, gaining 50 BOE/d.

Diaz Resources Ltd., Calgary, (Toronto: DZR) plans to sell its interests in its Parkman, Saskatchewan, property to an undisclosed buyer for $2.5 million. Net production is 50 barrels of oil equivalent per day. Diaz estimates the deal value at $50,000 per flowing barrel. The effective date is Sept. 1, 2009. Proceeds will be used to finance Diaz's heavy oil development in the Lloydminster, Alberta, area and to reduce debt.