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Peat Resources Limited News Release

January 25, 2012

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2012) - Peat Resources Limited (TSX VENTURE:PET) (the "Company") announces that it has negotiated, subject to regulatory acceptance, the proposed settlement of $58,842.00 of its debt by issuing 558,420 common shares of the Company at $0.10 per share.

http://www.marketwire.com/mw/release.do?id=1611111&sourceType=3
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