Diaz Closes $1 Million Financing

Diaz Resources Ltd. has closed its previously announced financing, raising by way of a non-brokered private placement of 3.33 million common shares issued on a “flow-through” basis at a price of 30 cents per share.

The common shares issued pursuant to the private placement will be restricted from trading for a period of four months ending April 20, 2008. Subsequent to the issue there are 67.24 million common shares issued and outstanding.

The net proceeds of the offering will be used for Diaz’s Canadian exploration program on expenditures which satisfy flow-through requirements.

Humboldt Capital Corporation has subscribed for 233,167 common shares or seven per cent of the offering. Humboldt, together with its controlling shareholder, R.W. Lamond, owns approximately 31.1% of the outstanding common shares of Diaz.