September 4, 2008

Diamond(R) Foods Announces Nationwide Availability of Emerald(R) Cocoa Roast Almonds and Sea Salt & Pepper Cashews

Diamond Foods, Inc. (NASDAQ:DMND), a leading branded food company specializing in processing, marketing and distributing culinary nuts and snack products, announced today that Emerald Cocoa Roast Almonds and Sea Salt & Pepper Cashews, the two newest product offerings from its Emerald snack line, are now available in food retailers nationwide. Emerald Cocoa Roast Almonds feature a unique combination of dry roasted almonds with a proprietary baked-in flavor of dark chocolate, without the added calories and fat found in traditional chocolate-dipped nuts. Emerald Sea Salt & Pepper Cashews capitalize on the rise in popularity of this flavor profile among snackers, while providing a nutritious serving of protein for a boost of natural energy.

One serving of either Emerald Cocoa Roast Almonds or Sea Salt & Pepper Cashews, which can be served by using the 1.5 oz portion-controlled lid of the ergonomic on-the-go canister, has the same number of calories as a handful of regular almonds and cashews, respectively. Cocoa Roast Almonds are low in sodium and provide a great source of vitamin E and protein, while the Sea Salt & Pepper Cashews are rich in iron, zinc, magnesium and fiber. Both products offer trans-fat free snack options, and because these innovative flavors are baked into both products, there is no messy residue. Emerald offers Cocoa Roast Almonds in 11 oz on-the-go canisters and convenient 2.5 oz packets. Sea Salt & Pepper Cashews come in 10 oz canisters and 2.0 oz packets.

"Consumers everywhere are looking for snack options that offer new and innovative flavors, without added guilt. With Sea Salt & Pepper Cashews and Cocoa Roast Almonds, we have developed nutritious options that satisfy both a sweet tooth and savory cravings, without an increase in fat or calories," said Andrew Burke, Senior Vice President of Marketing, Diamond Foods. "Based on the positive consumer feedback we've received for both products and our healthy lifestyle-oriented packaging, we are excited to be able to introduce them on a national level."

The Emerald snack line, which has expanded from 14 to 26 products since its national introduction in August 2004, is distributed nationally in a variety of retail outlets and is also available online.

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