MONTREAL, CANADA--(Marketwire - Nov. 26, 2007) - KWG Resources Inc (TSX VENTURE:KWG) has engaged Northern Securities Inc as its agent for the private placement of special warrants of Debuts Diamonds Inc for proceeds of up to $3 million on a best efforts basis.

Debuts Diamonds will issue approximately 80 million shares in payment of the transfer to it of all of the diamond exploration assets of KWG. These shares of Debuts Diamonds will be distributed to the holders of the shares of KWG Resources Inc, determined as of an upcoming record date. One share of Debuts Diamonds Inc will be distributed as a tax-free return-of-capital-dividend for every three KWG shares held at the record date. A non-offering prospectus will be filed by Debuts Diamonds in connection with the dividend of its shares to the holders of KWG shares, and application will be made for the listing of the Debuts Diamonds shares upon a final receipt for the prospectus being issued. The prospectus will also qualify for distribution of the shares and warrants to be issued upon conversion of the special warrants, to be placed for the subscription proceeds before the end of 2007.