DDI Debut Diamonds Inc

Debut Diamonds Inc. (CNSX:DDI) ("Debut") is pleased to announce that it
successfully completed a $1,500,000 private placement (the "Private Placement").
An aggregate of 4,285,715 units ("Units") were sold to funds of the
MineralFields Group at $0.35 per Unit for gross proceeds of $1,500,000. Each
Unit is comprised of one flow-through common share and one-half of a
flow-through common share purchase warrant. Each whole warrant (a "Warrant")
entitles the holder to purchase one non-flow-through common share at any time
for a period of two years, at a price of $0.45.


A finder received as aggregate compensation (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 purchased under the Private Placement. Each Finder's Option
entitles 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 consists 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 from closing.


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 are subject to a
four (4) month hold period expiring April 23, 2012.


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, December
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 December 28, 2011. It is expected that mailing of the share distribution will
be completed on December 30, 2011.


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: 50,710,934

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