Diamond Foods Announces Changes to Its Board of Directors

Diamond Foods Announces Changes to Its Board of Directors

SAN FRANCISCO, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Diamond Foods, Inc.
(Nasdaq:DMND) today announced the appointment of William L. "Bill" Tos, Jr. to
its Board of Directors.In addition, John J. "Jack" Gilbert and Richard G.
Wolford have decided to step down from the Board, effective immediately.In
conjunction with these changes, Diamond has reduced the size of its Board of
Directors from 12 to 11 members.

Mr. Tos joins the Company's Board as a long-time Diamond walnut grower and
former member of the Board of Diamond Walnut Growers, Inc., the cooperative
that was the predecessor to Diamond Foods.Mr. Tos is co-owner of Tos Farms,
Inc., a diversified farming enterprise.

"Bill brings over 30 years of farming expertise and extensive relationships
within the walnut industry," said Brian J. Driscoll, Diamond's President and
CEO."Bill's knowledge and deep agricultural business experience will be
invaluable at a time when Diamond is highly focused on rebuilding its position
in the walnut industry."

Mr. Gilbert served as Chairman for 14 of his 24 years on Diamond's Board.Mr.
Wolford joined Diamond's Board in April of 2011 and served as Interim CEO of
the Company earlier this year.

"Jack provided important leadership of Diamond's Board as the organization
transitioned from a grower owned co-operative to a publicly traded company,"
said Robert J. Zollars, Diamond's Chairman of the Board."We greatly
appreciate Jack's leadership and dedication to Diamond over the past several
years".

"Rick Wolford brought invaluable insight and judgment to Diamond over the last
19 months during a period of significant challenges," Mr. Zollars said, "and
he selflessly came out of retirement to step in as Interim CEO in February
2012, at a time when the Company absolutely needed his strong leadership. We
owe a debt of gratitude for the many hours Rick dedicated to Diamond."

About Diamond

Diamond Foods is an innovative packaged food company focused on building, and
energizing brands including Kettle® Chips, Emerald® snack nuts, Pop Secret®
popcorn, and Diamond of California® nuts. Diamond's products are distributed
in a wide range of stores where snacks and culinary nuts are sold.For more
information visit our corporate web site: www.diamondfoods.com.

The Diamond Foods, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6112

Note regarding forward-looking statements

This press release includes forward-looking statements, information about our
strategic focus on rebuilding our position in the walnut industry.We have
based these forward-looking statements on our expectations about future events
only as of the date of this presentation, and we make such statements pursuant
to the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995.Actual results may differ materially from what we currently
expect because of many risks and uncertainties, such as: potential
difficulties in signing up growers to new walnut purchase agreements;
uncertain availability and cost of walnuts and other raw materials; increasing
competition and possible loss of key customers; and general economic and
capital markets conditions. Our forward-looking statements generally involve
risks and uncertainties addressed under the "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of Operations"
sections of the periodic reports that we file with the SEC.We do not
undertake any obligation to update forward-looking statements to reflect
events or circumstances occurring after the date of this press release.

CONTACT: Investors:
         Diamond Foods
         Linda Segre
         SVP, Corporate Strategy
         (415) 230-7952
         lsegre@diamondfoods.com
        
         Media:
         Sard Verbinnen & Co
         Paul Kranhold/Lucy Neugart
         (415) 618-8750
         pkranhold@sardverb.com
         lneugart@sardverb.com

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