Debut Earns 70% Interest at Nakina, Announces Drill Results

Debut Diamonds Inc. (CNSX:DDI) (the "Company" or "Debut"), is pleased to
announce that it has concluded Phase One of its exploration program at its
Nakina Project, centrally located in a million square kilometers of
underexplored area in northwestern Ontario, north of the village of Nakina.
Within this area, the Company has acquired 88 mining claims that were staked for
their kimberlite potential, and initiated an exploration program based on
testing a priority selection. The program included ground magnetic surveys and
drilling on 18 potential kimberlite targets in the central and southern portions
of the project area, located within the traditional lands of Aroland First
Nation. Of these, three (3) are recently staked mining claims. 


The program failed to discover kimberlite, but did discover other types of
mineralization. Pending full analysis, these discoveries will be evaluated in
the context of an indicated reinterpretation of their geological setting.


On August 19, 2011, Debut acquired an option ("Nakina Option") to earn a 70%
operating interest in 28 unpatented mining claims and under certain terms of
that agreement, Debut was to incur a total of $750,000 in exploration
expenditures on the property and also pay the Vendor an additional $25,000 and
issue 600,000 Debut shares in each of the following two years to exercise the
option and acquire a 70% interest in the claims.


While completing the recent drill program, Debut fulfilled its minimum work
commitment of $750,000 as per the Nakina Option and has made final payment of
$25,000 and issued 600,000 Debut shares to the Vendor, to complete the earn-in
of a 70% interest in the claims. Additionally, the Company has signed a Joint
Venture Agreement with the Vendor, with the Vendor retaining a 2% Diamond
Royalty on diamond sales (less diamond selling costs) and a 2% Net Smelter
Returns Royalty, in respect of all Minerals (other than Diamonds).


On September 18, 2012, the company filed an 'Exclusion of Time' request with the
Minister of Northern Development and Mines ("MNDM"), on eighty-five (85)
unpatented mining claims associated with the Company's Nakina Project, because
of delays in concluding consultation with affected First Nations for approval of
exploration work on First Nation traditional lands. On November 1, 2012, MNDM
informed the Company that its application had been approved for only the 28
claim Nakina Option, because the filing deadline for assessment work on the
claims was due within 90 days of the Company's request. The Company therefore
received a Minister's Order, which set December 17, 2013 as the new anniversary
date in which to complete and file assessment work. If the Company is unable to
conclude consultation with Marten Falls First Nation, for an agreement regarding
exploration in the northeastern portion of the project area by March 1st, 2013
it may then resubmit an 'Exclusion of Time' request for the additional 57 mining
claims not covered in the current Minister's Order.


Additionally, the Company regrets having to announce the resignation of Theresa
Okimaw-Hall as a member of its Board of Directors, as a consequence of her
recent employment by the Mushkegowuk Tribal Council as Ring of Fire Manager. 


About Debut Diamonds

Debut has joint venture and wholly owned properties all of which are located in
Northern Ontario; these include the previously discovered MacFadyen Kimberlites
and the Pele, Victor West, and Uniform Surround claim blocks adjoining the De
Beers Victor Mine. Located in the same region are the company's Nakina Project,
Wawa Project and Canada Chrome Soil Sampling joint venture. The Kyle Kimberlites
and Diagnos Initiative are within and adjacent to the Ring of Fire.


Forward Looking Statement

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. The foregoing
information contains forward-looking statements relating to the future
performance of Debut Diamonds Inc., including statements concerning First
Nations agreements. Forward-looking statements, specifically those concerning
future performance, are subject to many risks and uncertainties, and actual
results may differ materially from Debut Diamonds Inc. plans and expectations.
These plans, expectations, risks and uncertainties are detailed herein and from
time to time in the filings made by Debut Diamonds with the CNSX Exchange and
securities regulators. Debut Diamonds does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.


Shares issued and outstanding: 54,590,934

For further information please visit the company's website at
www.DebutDiamonds.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Debut Diamonds Inc.
Bruce Hodgman
VP Corporate Communications
[phone]
[e-mail]