CALGARY, ALBERTA--(Marketwire - Dec. 7, 2011) -

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Tuscany International Drilling Inc. ("Tuscany" or the "Company") (TSX:TID), (BVC:TIDC) is pleased to announce it has signed a contract with Petrobras for one year with an option for an additional year for its D6 rig in Brazil. The D6 rig is a 750 HP rig acquired through the acquisition of Drillfor and underwent extensive repair and refurbishment. It is anticipated that this rig will move to location the second week of December to begin operations. This contract is the Company's third contract with Petrobras and this rig will be the sixth Tuscany rig working in Brazil. Tuscany currently has four other rigs undergoing major refurbishment in Brazil, the first of which is expected to be back in operation in the first quarter of 2012. The remaining three rigs are expected to complete their refurbishment in the last half of 2012.

Tuscany has also mobilized its first rig, Rig 120, to Trinidad. This rig is expected to spud this week and the second rig, Rig 110, is in transit and expected to arrive in Trinidad later this month.

In addition, Tuscany's common shares began trading on the Colombian Stock Exchange on December 1, 2011 under the symbol "TIDC". Juan Pablo Cordoba Garces, President of the Colombian Stock Exchange (BVC), welcomed Tuscany as the fourth foreign company to list in the country.

Tuscany currently represents approximately 20% of the land drilling market in Colombia and views the country as a core market. The Company is excited with the prospect of having Colombians and other investors in the region as shareholders.

The listing of Tuscany's common shares on the Colombian Stock Exchange does not involve the issuance of new shares or other securities. Tuscany's common shares will continue to trade on the Toronto Stock Exchange under the symbol "TID".

http://www.theglobeandmail.com/globe-investor/news-sources/?date=+20111207&archive=ccnm&slug=201112070751087001

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Cheers; Scott