Divestco Announces Second Closing of Private Placement of Units and Correction to Amounts Subscribed to by Directors and Officer

DIVESTCO INC. (TSX VENTURE:DVT) ("Divestco" or the "Corporation"), announces
that it has issued an additional 454,546 units ("Units") at a price of $0.22 per
Unit for gross proceeds of $100,000.12 as part of its previously announced
private placement (the "Offering"). The Corporation received approval from the
TSX Venture Exchange to increase the Offering to 16,363,636 Units for gross
proceeds of up to $3,600,000.00 from the previously approved amount of up to
15,909,090 Units for gross proceeds of up to $3,500,000.00. Total proceeds
raised were $3,581,547.86, made up of 16,279,763 Units.


Each Unit is comprised of one Class A share of Divestco (the "Share") and one
non-transferable share purchase warrant (the "Warrant"). Each Warrant entitles
the holder to purchase one Share on or before December 31, 2012 at an exercise
price of $0.32 per Share. The shares and the warrants, and any shares issued on
exercise of the warrants are subject to a hold period under applicable Canadian
securities laws and polices of the TSX Venture Exchange and the Offering is
subject to the final approval of the TSX Venture Exchange.


The Corporation also announces a correction to the number of units subscribed
for by Directors and officers. Directors and officers subscribed for 9,865,214
Units for gross proceeds of $2,170,347.08. The Corporation previously announced
that Directors and officers had subscribed for 8,908,850 Units for gross
proceeds of $1,959,947.00.


The Corporation intends to use the proceeds of the financing for working capital
purposes and to partially fund a seismic program.


About Divestco Inc.

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".


Statements in this document that may be considered forward-looking are based on
management's current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ from those
anticipated.