Southwest Resources Executes Memorandum of Understanding to Acquire Oil & Gas Leases in Northeastern Oklahoma

DALLAS, July 7 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced that it has executed a binding memorandum of understanding ("MOU") with R.C. Oil Co., Inc. to acquire approximately 860 acres of oil leases situated in portions of Rogers and Nowata counties in northeastern Oklahoma.

Under the terms of the MOU, the Company has the exclusive right until July 29, 2010 to acquire the leases for an agreed cash consideration.  During such time, the Company shall perform customary due diligence for the transaction.  The Company is not obligated to acquire the leases in the event the due diligence yields problematic information.

The leases are made up of a number of shallow oil wells that currently produce an aggregate twenty-five barrels of oil per day.  The Company believes that there is additional development opportunities within these leases and that with minimal expenditures, the current operations may be improved to increase the oil production.  The Company also plans to utilize technology provided by QortechOil (previously announced in April 2010) in order to significantly increase the yields.  The technology is unique in that it causes an electromagnetic variance in polarity to influence the fluids below the surface, and is well suited for shallow wells of this type.

About Southwest Resources, Inc.

Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico, Arizona, and Utah.  For more information, please visit the Company's website: www.southwest-resources.com.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws.  In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning.  These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct.  In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission.  All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE Southwest Resources, Inc.

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