Debut Diamonds Inc. Announces Private Placement

Debut Diamonds Inc. (CNSX:DDI) ("Debut") is pleased to announce a proposed
private placement (the "Private Placement") of up to 4,285,715 units (each a
"Unit") at a price of $0.35 per Unit. Each Unit will consist of one flow-through
common share within the meaning of the Income Tax Act (Canada) (a "Flow-Through
Common Share") and one half of one flow-though warrant (a "Flow-Through
Warrant") with each whole Flow-Through Warrant exercisable to purchase one non
flow-through common share of Debut at a price of $0.45 for a period of 24 months
following the closing of the Private Placement, for aggregated consideration of
$1,500,000.


Debut has agreed to pay to a finder: (i) 5.0% cash commission; and (ii) 428,571
finder's options (each a "Finder's Option"), being 10% of the aggregate number
of Units available for purchase under the Private Placement. Each Finder's
Option shall entitle the holder to purchase one unit (each a "Finder's Unit") at
a price of $0.35 per Finder's Unit. Each Finder's Unit will consist of one non
flow-through common share and one half of one common share purchase warrant.
Each whole warrant is exercisable at a price of $0.45 for a two year period.


The gross proceeds to Debut from the Private Placement will be used to fund
exploration expenses which qualify as "Canadian Exploration Expenses" (within
the meaning of the Income Tax Act (Canada)) in connection with Debut's projects
in Ontario, including its Nakina properties in Thunder Bay and Porcupine.


All the securities issued pursuant to the Private Placement will be subject to a
four (4) month hold period. The Private Placement is subject to regulatory and
other approvals.


The common shares of Debut were listed on the Canadian National Stock Exchange
("CNSX") on December 13, 2011. Pursuant to a previously announced share
distribution, KWG Resources Inc. set the close of business on Thursday, Dec. 15,
2011, as the time and date when determining its shareholders of record who will
be entitled to participate in the distribution of the shares of Debut. For every
100 shares of KWG then held, shareholders will receive six shares of Debut on
Dec. 28, 2011. It is expected that mailing of the share distribution will be
completed on Dec. 30, 2011


About CNSX: CNSX Markets Inc. is a Canadian company that operates two distinct
markets: The Canadian National Stock Exchange; and Pure Trading, which provides
a high-speed trading venue for stocks listed on other Canadian stock exchanges.
CNSX offers lower listing fees and innovative continuous disclosure features
designed to minimize regulatory costs while improving the quality of information
available to investors.


This Press Release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The common shares and the
Warrants comprising the Units or issuable upon exercise of the Warrants and
Finder's Options will not be and have not been registered under the United
States Securities Act of 1933 and may not be offered or sold in the United
States absent an applicable exemption from the registration requirements.


This Press Release contains forward-looking statements regarding development of
Debut's projects that may involve a number of risks and uncertainties, including
market conditions. Actual events or results could differ materially from Debut's
forward-looking statements and expectations herein.


Shares issued and outstanding: 46,425,219