DLC.P Desmond Investments Ltd

VANCOUVER, May 16, 2012 /CNW/ - The following issues have been halted by IIROC: Company: Desmond Investments Ltd. TSX-Venture Symbol: DLC.P Reason: At the Request of the Company Pending News Halt Time (ET): 13:01 The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.     Investment Industry Regulatory Organization of Canada (IIROC) CONTACT: IIROC Inquiries 1-877-442-4322 (Option 3) - Please note thatIIROC isnot able to provide any additional information regarding a specifictrading halt. Information is limited to general enquiries only. Formore information on IIROC's halts and resumptions policy click here.

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