TORONTO–(EMWNews – July 24, 2008) – Diamant Corporation (OTCBB: DIAAF) is pleased to

announce that according to an Industry Study named “Degradable Plastic to

2010,” the demand for degradable plastic in the US is forecasted to expand

nearly 17 percent yearly to 500 million pounds in 2010, valued at $610

million, as reported by Freedonia research company, a well known and

respected research group. To view an excerpt of this report click here:

www.freedoniagroup.com/Degradable-Plastic.html.

These conclusions are based on a more competitive pricing structure, high

feedstock costs for petroleum-based polymers, and growing environmental,

governmental and consumer initiatives for greater use of sustainable

resources. Degradable plastic applications are also being expanded by

enhanced performance properties brought about by more sophisticated

polymerization and blending techniques. Testing and certification standards

have also been established for many types of degradable plastics, with

growing pressures to limit packaging waste and further develop a composting

infrastructure.

As Diamant’s new biodegrading additive nears the completion of their final

trials, Diamant nears completion of the evaluation of the market for

nationwide distribution. As previously announced, the additive has been

successfully tested in Europe and determined that it will render plastic

PET bottles biodegradable.

Diamant’s revolutionary plastics additive is currently available to plastic

bag manufacturers. As that product is beginning to experience demand, the

bottling additive will be soon available for distribution in the United

States, Canada and Europe. The bottling additive, which is made up of a

proprietary material will be blended into polyethylene terephthalate (PET),

the plastic used in water bottle manufacturing, has the capability of

giving an exceptional glass-like clarity and gloss will now be able to

become bio-degradable. PET bio-degradable bottles and containers can now be

used to package a range of shelf-stable products, including salsas, pasta

and barbecue sauces, tomato ketchups, similar steak and table hot sauces,

jams, jellies, juices, and bottled beverages such as sodas and water.

Freedonia is a research company that utilizes a Complete In-House Structure

that collaborates together to provide consistency and accuracy. Our team

includes: an Economics Group – Specialists in the Economy, which Develop

all numbers for economic indicators and ensure accuracy of all forecasts;

Industry Research Groups – Specialists in Industry who Understand all the

nuances of a specific industry, glean information from numerous resources,

analyze and report; Corporate Analysis Group – Watchdogs of Private and

Public Companies who are at the forefront of business, reporting on product

developments, mergers and acquisitions, and competitive strategies that

will change business; Editorial Group – Tireless Spirits of Accuracy. For

each study and report, they make sure the data is consistent and all the

facts match. This in-house structure not only ensures accuracy and

consistency, but it also provides a valuable system of checks and balances

and allows research teams to share information from all industries.

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™ Film has recently received the ECO logo certified by the

Environmental Choice™ Program. The Environmental Choice™ Program is

North America’s leading benchmark of environmentally responsible products

and services and supplier of bio-degradable 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.