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Topaz Resources Introduces Operations Capability

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  Published in House and Home on Wednesday, June 2nd 2010 at 3:20 GMT by Market Wire
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DENTON, TX--(Marketwire - June 2, 2010) - Topaz Resources, Inc. (OTCBB: [ TOPZ ]), an independent oil and gas company ("Topaz" or the "Company"), today introduced its team of 57 administrative and operations personnel.

Topaz senior management includes five key professionals that collectively represent over 150 years of experience in all aspects of developing and managing energy projects and in running private and public companies. The Topaz management team has been involved in operating well and field activities, in building and running drilling rigs, in leasing of mineral rights and in arranging appropriate financing. Strategically, these involvements in the drilling and operating businesses provide Topaz a functional presence and an accumulated experience in all aspects of the north-central-west Texas energy business that would be difficult to duplicate in a small cap oil and gas company.

Administratively, Topaz has an additional five personnel handling accounting, operations and payroll, safety reports, railroad commission work and general office duties.

Operationally, Topaz utilizes one reservoir engineer and one field engineer plus one drilling superintendent overseeing two rig crews of 22 personnel each.

"We are very pleased that we have been able to assemble a team as qualified and experienced as ours, which will be instrumental in executing our objectives of growing our reserve value and our share value through strategic acquisitions and hands-on developmental work and drilling," said Ted Munden, President and CEO.

About Topaz Resources

Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.