Diamant Art Corporation Continues to Research the Development of Compostable and Bottled Water Bio Alternatives to Its

TORONTO, Aug 22 (MARKET WIRE) --
Diamant Corporation (OTCBB: DIAAF) is pleased to announce that
governmental legislation, regarding the banning of plastic Water bottles,
is being considered by Mayor David Miller of Toronto; the Toronto council
may as early as this fall decide on banning bottled water. Toronto's
waste reduction manager has indicated that 100,000,000 bottles are
consumed in Toronto annually and only 65 % are recycled. Diamant,
situated near Toronto, has planned prior to this news to meet with a major
manufacture of bottle water in the Greater Toronto area next week to
introduce its revolutionary PET degradable additive.

The banning of plastic bags, may be passed in Red Bank Borough, New
Jersey, following recent landmark metropolises such as Los Angeles. A
public hearing is scheduled at 7:30 p.m. Aug. 25 at Borough Hall, 90
Monmouth St.

The proposed ordinance carries a $100 fine for businesses using plastic
bags that are non-recyclable, non-reusable or cannot be composted. It
would levy a $200 fine for the second offense in the same year and a $500
fine for each additional violation in the same year.

The plastic bag ban, which is continually gaining momentum nationwide, is
creating a largely growing demand for various products in different
segments. Diamant, having recently announced its availability of
compostable plastic bags, continues to explore the capability of being
able to cater to other segments of the plastics industry. Over the next
quarter, the company anticipates the ability to announce progressive
developments in the related segments which will be experiencing a
reverberating effect from the increase in awareness of global
consequences, and resulting legislation.

About Diamant Film Inc.: Diamant Art Corporation (OTCBB: DIAAF), through
its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and
Bio-Plastics Film Inc., is the world's first plasticizer-free and the
first food wrap film that is environmentally friendly and recyclable.
Diamant's Bio-Products contain Totally Degradable Plastic Additive.
Unlike other plastic, once biodegrading is complete, all that remains is
carbon dioxide, water and biomass, all of which are part of the normal
bio-cycle. Diamant(TM) Film has recently received the ECO logo certified
by the Environmental Choice(TM) Program. The Environmental Choice(TM)
Program is North America's leading benchmark of environmentally
responsible products and services and supplier of biodegradable additive
in North America.

Safe Harbor Act: This release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended
and such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans, results,
or strategies and are generally preceded by words such as "may," "future,"
"plan" or "planned," "will" or "should," "expected," "anticipates,"
"draft," "eventually" or "projected." You are cautioned that such
statements are subject to a multitude of risks and uncertainties that
could cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including the
risks that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and other
risks identified in a company's annual report on Form 6-K or 20F and other
filings made by such company with the SEC. Further Diamant Art Corporation
and its wholly owned subsidiaries, Diamant Film Inc. and Bio-Plastics Film
Inc. do not condone or participate in spam activities, e-mail and fax
programs of any manner.

Contact:
For more information visit our FILM division website of Diamant Art
Corporation at http://www.diamantfilm.com

or

Contact Investor Relations
Gibraltan Financial
(407) 834-9777

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