Investment Industry Regulatory Organization of Canada Trading Halt - DDI

TORONTO, Dec. 21, 2011 /CNW/ - The following issues have been halted by IIROC:

Company: Debut Diamonds Inc.

CNSX Symbol: DDI

Reason: Pending News

Halt Time (ET): 11:38 AM ET

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

Questerre executes unconventional oil strategy

Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) is pleased to announce that it has entered into a letter of intent to develop oil shale opportunities in North America. Michael Binnion, President and Chief Executive Officer, commented, "We expect oil from shale will become the foundation of our unconventional oil strategy. Through this letter of intent, we will participate, both directly and indirectly, in the development of an existing oil shale project and a new project both in the western United States. We will also have access to the processes and technology for any oil shale projects developed by Questerre." Pursuant to the letter of intent with Red Leaf Resources Inc. ("Red Leaf"), an oil shale technology and resource company, Questerre intends to participate for a 10% working interest in the development of Red Leaf's 5120 acres in Wyoming. Subject to the execution of a joint venture farm-in and operating agreement, the partners plan to carry out a preliminary field assessment program on these lands in early 2012. Questerre anticipates its total capital exposure to this project for 2012 to be US$0.25 million. The letter of intent also contemplates that Questerre will acquire an equity interest in Red Leaf through participation in the company's planned financing. Subject to participation by a super major for approximately US$400 million, Questerre would invest US$25 million. Red Leaf's primary assets are an oil shale project covering approximately 17000 acres in Utah, the project covering 5120 acres in Wyoming and the proprietary Eco-Shale In-Capsule TechnologyTM. Red Leaf has recently successfully completed a pilot project in Utah and plans to expand this pilot utilizing the proceeds from its proposed equity offering and direct participation by a super major. Red Leaf anticipates commercial production from this project could commence in 2015. Questerre also announced that it has entered into a ten-year non-exclusive option agreement to license the Red Leaf processes and technology for any project identified by Questerre. Subject to the project meeting the criteria for commerciality, Questerre will pay Red Leaf a fee of US$2 million for each license issued. Red Leaf will receive a gross overriding royalty on the project on mutually acceptable terms. Closing is subject to final due diligence and is scheduled for January 31, 2012. Questerre has also recently acquired the exploration rights for approximately 100,000 acres in northeast Saskatchewan on an oil shale deposit. Questerre Energy Corporation is an independent energy company focused on unconventional oil and gas projects. The Company is developing a portfolio of light oil assets primarily in Saskatchewan. The Company is also leveraging its expertise to commercialize its Utica shale gas discovery in the St. Lawrence Lowlands, Québec. Questerre is committed to the economic development of its resources in an environmentally conscious and socially responsible manner. For further information, please contact: Questerre Energy Corporation Anela Dido, Investor Relations (403) 777-1185 | (403) 777-1578 (FAX) |Email: info@questerre.com

Please add my 550 thousand shares to the total.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2011) - UC Resources Ltd. (TSX VENTURE:UC) ("UC" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Purchase Agreement") with Freewest Resources Inc. ("Freewest"), a wholly owned subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs"), for Freewest to acquire 100% of the UC owned 55% Joint Venture Interest in the McFaulds Lake area property (the "Joint Venture Interest"), subject to and in accordance with the Joint Venture Agreement dated as of July 26, 2011 (the "Joint Venture Agreement") between KWG Resources Inc. ("KWG"), Spider Resources Inc. (now named Cliffs Chromite Far North Inc.), a wholly owned subsidiary of Cliffs ("Spider"), and UC.

The purchase price payable to UC by Freewest is $6,000,000 CDN ($6 Million), payable by deposit of $850,000 on the signing date followed by the balance on the closing date.

Pre-Emptive Rights of KWG and Spider

KWG and Spider each has a pre-emptive right under the Joint Venture Agreement in respect of the transfer of the Joint Venture Interest on the same terms as set forth in the Purchase Agreement.

Under the Joint Venture Agreement each of KWG and Spider have forty-five (45) days from the date notice is delivered in accordance with the Joint Venture Agreement to notify UC whether it elects to acquire the Joint Venture Interest from UC for the same consideration and on the same terms and conditions as set forth in the notice and the Purchase Agreement. Notice will be sent to each of KWG and Spider forthwith. If either or both of KWG and Spider exercise their pre-emptive rights, then Freewest will not acquire the Joint Venture Interest, and KWG and/or Spider, as the case may be, will acquire the Joint Venture Interest.

The closing of the sale is expected to occur early in the first quarter of 2012.

The Purchase Agreement and the transactions contemplated thereby are subject to the acceptance and approval of the TSX Venture Exchange.

UC Resources Ltd.'s CEO, Gary Monaghan states, "We are pleased with the outcome of this transaction, and believe that McFaulds Lake represents what could be an exceptional play for companies of certain size and ability to fund, drill and exploit this long term resource. The Company values our shareholders and believes, as far as UC is concerned, our focus is best directed in Mexico. Full time concentration on the leveraging of the Company's major assets in Mexico will be the best possible course of action for the Company to take in these markets."

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, as well as an explorer and producer of precious metals in Mexico.

On behalf of the Board of Directors,

Gary Monaghan, CEO

We seek safe harbour.

C ANNOUNCES PURCHASE AGREEMENT FOR THE SALE OF ITS JOINT VENTURE INTEREST IN MCFAULDS LAKE

Published July 18, 2011 at 05:00 | Updated at 13:45

The industry is beyond the new regulation on air quality

Charles Côté

Press

Quebec has adopted, after years of gestation, a new regulation on air quality, but it does not apply to gas drilling,

found La Presse .

Indeed, these regulations came into force last month applies to stationary pollution sources, like a factory, but not

the impressive machinery used in mobile gas drilling sites.

"There is no standard of coaching?" Says Helen Simard, Head of Media Relations at the Ministry of Sustainable

Development, Environment and Parks (MDDEP). "? But even in the absence of standards, MDDEP may require

that measures be taken, says Ms. Simard. The impacts of the use of heavy equipment are part of the analysis

process for any project. "

This is one more hole in the regulations applicable to the gas industry.

La Presse said recently that oil and gas drilling are not required to be declared to the National Pollutant Release

Inventory, the federal government. The exception was in 1992 and was maintained in 2002, before the appearance

of the shale gas industry in Canada.

This exception has been the subject of a complaint to the Federal Commissioner for Sustainable Development

from three environmental groups, including the Quebec Association to fight air pollution (AQLPA).

"From the beginning, we say that in the absence of coherent regulation, we must demand a moratorium on shale

gas, said André Bélisle, the AQLPA. We have no control over pollution. There are not enough stations to monitor

the air quality in the region. "

The exploitation of shale gas much more mobilized heavy equipment than traditional natural gas. It takes a lot more wells to get the same amount of gas, and these wells have a long horizontal

section. Drills, fueled by powerful diesel engines, working a lot longer.

Then there is the stage of well stimulation or fracturing of shale gas in particular. It features a series of truck pumps that inject water, sand and chemicals under high pressure. All these

compressors are also powered by diesel engines. The rise of the water fracturing can also release pollutants.

Chemicals

In the U.S., people alongside the gas industry are sounding the alarm about this for years.

Just last week, a report compiled by a group of citizens of Colorado and New Mexico reported the presence of 22 toxic chemicals in the air in areas where shale gas operated, four carcinogens,

such as benzene and acrylonitrile.

This study was carried out by groups of citizens fed up with the inertia of the authorities, with the help of the organization Global Community Monitor. Pollution levels by more than 3 to 3000

when government standards were detected.

"We worked with people who live near drilling platforms, compressors, refinery and tailings pond water drilling, said in an interview with La Presse Denny Larson, Global Community Monitor. We

were not surprised to find volatile organic compounds such as benzene, but we also found compounds that are not usually associated with deposits of oil or gas, such as acrylonitrile and

dichloromethane. These products are not found in normal air, unless you live near a chemical plant. Our theory is that they are part of the fracturing fluid. "

Another study published last fall provided that the air pollution throughout the region would increase the Haynesville Shale, which became operational recently. The deposit straddles the border

of Texas and Louisiana is of a size comparable to Utica in Quebec, although the number of wells planned in Quebec is lower.

This information has reacted U.S. authorities. The Agency for Environmental Protection in the United States (EPA), the equivalent of the Minister of the Environment in the United States,

announced new regulations.

In late June, the director of the EPA, Lisa P. Jackson, attended a forum on the protection of public health in Colorado, where two shale gas fields in operation. "You have smog problems where

there had never been before, she said, reports the Aspen Daily News . These are rural areas. There are a lot of activity around these wells and this has an impact on air quality. The EPA will

soon propose regulations regarding the air quality around areas of natural gas production. "

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