DDI Debut Diamonds Inc

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES. 


Debut Diamonds Inc. (CNSX:DDI) (the "Company" or "Debut") announces a
non-brokered private placement comprised of 7,000,000 Non-Flow-Through Units
("Unit") at a price of $0.065 per Unit; and 12,000,000 Flow-Through Units ("FT
Unit") at a price of $0.08 per FT Unit, for gross proceeds of up to $1,415,000
(the "Offering"). 


Each Unit will consist of one common share of the Company and one common share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one
common share at a price $0.13 per share for a period of 24 months from the date
of issue of the Unit. Each FT Unit will consist of one flow-through common share
of the Company and one-half of one common share purchase warrant (a "Warrant").
Each whole Warrant entitles the holder to purchase one common share at a price
$0.16 per share for a period of 24 months from the date of issue of the FT Unit.


The Company intends to use the gross proceeds from the sale of Units and FT
Units to fund a portion of a 2,000 meter winter 2013 drill program on the
Company's Timmins South Property and for general working capital purposes.
Closing of the FT Unit offering is anticipated to occur on or before December
31, 2012 and is subject to receipt of applicable regulatory approvals including
the approval of the Canadian National Stock Exchange. Finder's fees may be
payable in connection with the Offering, in accordance with the policies of the
Exchange.


About Debut Diamonds - Debut has joint venture and wholly owned properties which
include the previously discovered MacFadyen Kimberlites and the Pele, Victor
West, and Uniform Surround claim blocks adjoining the De Beers' Victor Mine.
Also located in northern Ontario are the 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. The Timmins South Project is
located south of the Texmont mine in Northern Ontario.


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. 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
(416) 642-3575
info@kwgresources.com
www.DebutDiamonds.com

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