Diagem Inc. (TSX VENTURE:DGM) ("Diagem" or "the Company") is pleased to report
that 99.3% of the votes cast at a Special Meeting of the Shareholders held on
September 4, 2007 were in favour of and approved a consolidation of the common
shares of on a one-for-ten basis. The Company currently has 271,807,206
outstanding common shares.


"This transaction has been a tremendous success for Diagem," said Denis
Francoeur, Chief Executive Officer, "as it demonstrates our shareholders'
support of our new exploration and development program, reduces the outstanding
float of shares, allows us to proceed with our market capitalization plans, and
places us in a strong growth position."


The consolidation is subject to the approval of regulatory authorities. All
warrants and stock options will be recalculated to reflect the consolidation.
The Company will announce when the shares begin trading on a post-consolidated
basis.


About Diagem

Diagem Inc. is a Canadian exploration mining company focused on diamondiferous
resources in the Juina Diamond Province of Mato Grosso, Brazil, where it
controls a large portfolio of mineral properties. The Company has one advanced
development stage project and recently discovered two clusters of kimberlite
pipes believed to be the main sources of the Juina Province historical alluvial
diamond production.


Forward-looking statements: Except for statements of historical fact, all
statements in this news release, without limitation, regarding new projects,
acquisitions, future plans and objectives are forward-looking statements which
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate; actual results and future events could differ
materially from those anticipated in such statements.
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