KDC Closes Private Placement, Changes Name, Consolidates Shares and Converts Debenture

CALGARY, ALBERTA--(Marketwire - Jan. 10, 2011) - KDC Energy Ltd. (now Clearview Resources Ltd.) (the "Corporation") is pleased to announce that it has closed the final tranche of a brokered financing with Mackie Research Capital Corporation (the "Agent") acting as agent, whereby the Corporation has issued and sold an additional 271,523,181 voting common shares in the capital of the Corporation (the "Common Shares") for gross proceeds of $8,200.00 and $811,800.00 principal amount of 5% subordinated debentures. The Corporation also closed a non-brokered subordinated debenture and Common Share financing, whereby it issued and sold 413,907,276 Common Shares for gross proceeds of $12,500.00 and $1,237,500.00 principal amount of 5% subordinated debentures.

In addition, on January 6, 2011, the holders ("Shareholders") of Common Shares approved the special resolution to amend the Corporation's articles (the "Articles of Amendment") to: (a) consolidate the Common Shares on a 33,000 old Common Shares for one new Common Share basis; (b) change the name of the Corporation from "KDC Energy Ltd." to "Clearview Resources Ltd."; and (c) create Class "A" preferred shares, Class "B" preferred share and Class "C" preferred shares, issuable in series. The Corporation has filed the Articles of Amendment on January 7, 2011.

Pursuant to the terms of the 5% subordinated debentures of the Corporation (the "Debentures"), all of the issued and outstanding Debentures (other than $49,500.00 principal amount of Debenture held by a non-Canadian resident holder) were converted into Class "A" preferred shares of the Corporation effective January 7, 2011.

All reference to dollar values are in Canadian funds.