Divestco Announces Closing of New Senior Debt Facility

Divestco Inc. ("Divestco" or the "Company") (TSX VENTURE:DVT) is pleased to
announce it has closed a senior secured finance facility with PNC Bank Canada
Branch ("PNC") for up to $11 million. The new facility is comprised of a
revolving facility of up to $8 million and a $3 million term loan. 


Divestco will use the proceeds to pay off existing bank and other debt totaling
approximately $5.3 million and will have up to approximately $5.7 million
available for capital expenditures and working capital. The facility has a
three-year term with the revolving facility bearing interest at Canadian prime
plus 1.75% and the term loan bearing interest at Canadian prime plus 2.5%.


Mr. Stephen Popadynetz, CEO, CFO and President: "We are very pleased to be
entering into this new partnership with PNC. This new facility will help
Divestco strengthen its balance sheet and provide the Company with additional
working capital without diluting shareholders."


About the Company

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".


This press release contains forward-looking information related to the Company's
capital expenditures, projected growth, view and outlook towards future oil and
gas prices and market conditions, and demand for its products and services.
Statements that contain words such as "could', "should", "can", "anticipate",
"expect", "believe", "will", "may" and similar expressions and statements
relating to matters that are not historical facts constitute "forward-looking
information" within the meaning applicable by Canadian securities legislation.
Although management of the Company believes that the expectations reflected in
such forward-looking information are reasonable, there can be no assurance that
such expectations will prove to have been correct because, should one or more of
the risks materialize, or should the assumptions underlying forward-looking
statements or forward-looking information prove incorrect, actual results may
vary materially from those described in this press release as intended, planned,
anticipated, believed, estimated or expected. Readers should not place undue
reliance on forward-looking statements or forward-looking information. All of
the forward-looking statements and forward-looking information of the Company
contained in this press release are expressly qualified, in their entirety, by
this cautionary statement. Except where required by law, the Company does not
assume any obligation to update these forward-looking statements or
forward-looking information if conditions or opinions should change.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Divestco Inc.
Mr. Stephen Popadynetz
CEO, President and CFO
587-952-8152


Divestco Inc.
Mr. Danny Chiarastella
Vice President, Finance
587-952-8027
www.divestco.com

Divestco Inc. (TSXV:DVT)
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