DDI Debut Diamonds Inc

Debut Diamonds Inc. (CNSX:DDI) ("The Company" or "Debut"), is pleased to
announce that its Annual and General Meeting will be held on Wednesday, October
31, 2012 at the offices of the Company at Suite 420, 141 Adelaide Street West,
Toronto, Ontario at 11:00 a.m.


On August 19, 2011 Debut acquired an option to earn a 70% operating interest in
a group of 28 unpatented mining claims, located 125 km north of Nakina, Ontario.
Under certain terms of the Agreement, Debut was to incur a total of $750,000 in
exploration expenditures on the property before August 19, 2012 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 the 70% interest in the
claims.


As of the first anniversary date of the agreement, Debut has made the cash
payment of $25,000 and issued 600,000 shares from its treasury to the Vendor.
However, due to early delays in concluding consultations with affected First
Nations for approval of exploration work on the claims; the Company was unable
to complete its work commitment in the amount of $750,000, within the first
year. The Company therefore requested from the Optionor, a 180 day Extension of
Time, in order to fulfill its work commitment on the property. First Nation
permission for exploration on the claims is in place, and the requested
Extension of Time has been granted to Debut by the Optionor. The Company now has
until February 19, 2013 to complete the work.


Additionally, the Company's Board of Directors has granted stock options
exercisable at $0.10 per share until September 25, 2016. Directors of the
Company were awarded a total of 1,500,000 options, a Director and Officer was
awarded 700,000 options and Officers and employees were awarded a total of
3,000,000 options.


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, and the ability to meet the requirements of the Option
Agreement with the Vendor. 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: 53,990,934

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