Debut Signs Option to Acquire 70% Interest in 33 Diamond Exploration Targets Near Nakina

TORONTO, ONTARIO–(Marketwire – Aug. 29, 2011) – Debut Diamonds Inc. (“Debut”) is pleased to announce that it has signed an agreement to acquire a 70% interest in 33 diamond exploration targets near Nakina, Ontario. The new targets are contained in a group of 28 claim blocks which each contain potential kimberlite pipe targets as determined by analysis of airborne magnetic data north of Nakina generated in 2010 by the Ontario Geological Survey. As per the agreement the vendors received $30,000 in cash, 1.5 million shares of Debut, and 1.7 million shares of KWG Resources Inc. for Debut to acquire the option.