DVT Divestco Inc.

DIVESTCO INC. (TSX VENTURE:DVT) ("Divestco" or the "Corporation"), is pleased to
announce that it has requested approval from the TSX Venture Exchange ("TSXV")
for a non-brokered private placement (the "Private Placement") of up to
10,500,000 units ("Units") for gross proceeds of up to $2,310,000.00 at a price
of $0.22 per Unit. Each Unit will be comprised of one Class A share of Divestco
(the "Share") and one non-transferable share purchase warrant ("Warrant") and
each Warrant will entitle the holder to purchase one Share on or before December
31, 2012, at an exercise price of $0.32 per Share. The Units will be offered to
subscribers and will be issued pursuant to statutory exemptions from the
prospectus requirements under applicable securities laws. The Private Placement
is subject to certain conditions, including acceptance of subscriptions by
Divestco and is subject to all necessary regulatory approvals. Resale
restrictions will apply to the securities comprising the Units in accordance
with applicable laws. A minimum subscription amount of $100,000.00 has been set
for each subscriber. The price per Unit was based on the closing price of the
Corporation's shares on December 8, 2010 of $0.295 per Class A share less a 25%
discount as permitted under the rules of the TSXV.


The first closing of the Private Placement is expected to occur on or before
December 23, 2010, or on such other dates as the Corporation may determine and
there may be multiple closings.


The Corporation intends to use the proceeds of the Private Placement to fund a
seismic program. 


About Divestco Inc.

Divestco is an exploration services company that provides a comprehensive and
integrated portfolio of data, software, and services to the oil and gas
industry. Through continued commitment to align and bundle products and services
to generate value for customers, Divestco is creating an unparalleled set of
integrated solutions and unique benefits for the marketplace. Divestco's breadth
of data, software and services offers customers the ability to access and
analyze the information required to make business decisions and to optimize
their success in the upstream oil and gas industry. Divestco is headquartered in
Calgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol
"DVT"


Statements in this document that may be considered forward-looking are based on
management's current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ from those
anticipated.

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