Divestco Announces Partial Surrender of Its Premises Lease

Divestco Inc. (TSX VENTURE:DVT) ("Divestco" or the "Company") announces that it
has entered into an agreement for the partial surrender of its current office
space lease. The agreement provides for three floors of office space, covering
approximately 65,000 square feet, being surrendered to the landlord and leased
to a new tenant. The surrender of each floor will occur on December 31, 2011,
January 31, 2012 and December 31, 2012, respectively. The assumption of the
lease obligations for each floor will occur on January 1, 2012, February 1, 2012
and January 1, 2013 respectively. 


In February 2011, Divestco entered into an agreement for the partial surrender
of two other floors covering approximately 43,000 square feet. The floors were
surrendered on April 1, 2011 and the lease obligations were assumed on December
1, 2011. 


In aggregate, these two agreements amount to a material reduction in operating
expenses for Divestco. Commencing in 2012, the annual savings will be
approximately $4 million and in 2013, $5 million. 


Divestco is an exploration services company that provides a comprehensive and
integrated portfolio of data, software, and services to the oil and gas
industry. Through continued commitment to align and bundle products and services
to generate value for customers, Divestco is creating an unparalleled set of
integrated solutions and unique benefits for the marketplace. Divestco's breadth
of data, software and services offers customers the ability to access and
analyze the information required to make business decisions and to optimize
their success in the upstream oil and gas industry. Divestco is headquartered in
Calgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol
"DVT".