PennyPerformers.com: Pennyperformers.com "Penny Stocks that Perform" picks are: DIAAF, EREI, FTRS, GSPG, GXPI

Aug 22, 2008 (M2 PRESSWIRE via COMTEX) -- GSPG | Quote | Chart | News | PowerRating -- Pennyperformers.com "Penny Stocks that Perform" picks are: Diamant Corporation (OTCBB: DIAAF), Eagle Rock Enterprises, Inc. (PINKSHEETS: EREI), Foothills Resources, Inc. (OTCBB: FTRS), GoldSpring, Inc. (OTCBB: GSPG), Gemini Explorations, Inc. (OTCBB: GXPI)...and Proudly Introducing Proprietary Push Technology (PPT).

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Aug 22, 2008 -- Diamant Corporation (OTCBB: DIAAF | Quote | Chart | News | PowerRating) 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.

Aug 22, 2008 -- Eagle Rock Enterprises, Inc. (PINKSHEETS: EREI) announced that management filed an initial disclosure statement with Pinksheets.com - Electronic OTC Market.

This "Initial Company Information and Disclosure Statement" (http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=166 96) filing provides Pinksheets.com with preliminary information about business fundamentals, structure and activities of EREI. This filing removed the Caveat Emptor label previously given to the stock and now enables a visible bid/ask quote on Pinksheets.com.

In the ensuing weeks ahead, additional filings will be provided, as to continue with necessary disclosure requirements outlined under Pinksheets.com rules.

Aug 22, 2008 -- Foothills Resources, Inc. (OTCBB: FTRS | Quote | Chart | News | PowerRating) (the "Company") today provided an update on activities in its primary operating areas in the Texas Gulf Coast, the Eel River Basin in Humboldt County, California, and the Anadarko Basin in Roger Mills County, Oklahoma.

Texas

Production from the Goose Creek, Cleveland and Saratoga fields averaged approximately 550 barrels of oil per day ("Bopd") net to the Company in the second quarter of 2008. Foothills plans to drill several new development wells by the end of 2008 at Goose Creek following completion of a comprehensive geological remapping of the field which is currently underway. It is anticipated that this in-depth study of the field is likely to result in increases in proved and probable reserves attributable to existing development well locations and the identification of new development well locations. Additionally the study is intended to enhance the understanding of deeper potential production targets such as the Vicksburg, Yegua and Wilcox formations and target opportunities on the unexplored flanks of the Goose Creek salt dome.

Foothills has an inventory of more than 70 recompletion opportunities to access proved 'behind-pipe' reserves in existing wells in the Goose Creek Field, eight of which are scheduled during the remainder of 2008. A successful recompletion typically adds in excess of 15 Bopd of new production.

Foothills Chief Executive Officer, Dennis Tower, commented, "Foothills has outstanding properties in Texas with substantial growth potential. We will be concentrating our efforts in this area over the next year to build production volume, add to our reserve base, and develop new opportunities."

California

Results from two of the three Grizzly Bluff wells drilled in late 2007 and early 2008 are still inconclusive, and Foothills is continuing to assess information gained from the ongoing testing program in the Vicenus 1-3 and GB 4 wells. Overall, however, the test results and gas production from these wells have been substantially below the Company's expectations.

As previously announced, the Company was encouraged by test rates in the LRD 16 zone in the GB 4 well completed in June 2008, and believes this zone is a viable candidate for a future recompletion attempt. Although the shallower LRD zones in the well initially produced natural gas at rates up to 500 thousand cubic feet per day ("Mcfd"), this flow rate has not been sustainable. Foothills has been able to flow the well on an intermittent basis at that rate while also recovering slugs of drilling mud and fluid believed responsible for damaging the formation during drilling and completion operations. While the well tests continue, plans to tie the well into the Grizzly Bluff production infrastructure have been suspended until the Company is satisfied that the production issues can be resolved.

The Vicenus 1-3 well completed in June 2008 responded to the fracture stimulation conducted in early June to correct formation damage by flowing back gas and water from the LRD 15 and 16 zones below 5,800 feet. The well is still being tested, and since July 22nd the small volumes of produced gas have been sold into the gas pipeline, with produced water disposed of in a local facility.

Foothills continues to monitor the GB 5 well that was fracture-stimulated in June in the Lower Anderson zone to correct formation damage. However, the well did not respond to the frac, and it appears that the zone is either severely damaged or is of very low permeability at this location.

Production from the Christiansen 3-15 well completed in September 2006 in the Grizzly Bluff Field averaged approximately 190 Mcfd net to the Company (340 Mcfd gross) in the second quarter of 2008.

The Company's exploration mapping in the Eel River Basin has developed several additional prospects with attractive potential in other parts of the basin. Foothills plans to offer these prospects for participation by industry partners.

Oklahoma

Geological and geophysical mapping of the 75 square mile 3D seismic survey in the Anadarko Basin in Oklahoma is complete, and Foothills has secured key acreage over several identified high impact prospects. The Company has begun marketing the prospects to industry partners.

Strategic Direction

As previously announced, Foothills is currently in default under its existing Credit Facility. The lenders under the Credit Facility have agreed to forbear the exercise of remedies under the facility until September 15, 2008. The Company is in the process of retaining an investment advisor to assist in developing a plan of restructuring and to explore strategic alternatives, which may include a sale of a portion of its assets, a merger or other business combination, or the issuance of equity or other securities, in connection with the repayment of all or a portion of its obligations under the Credit Facility.

Subject to limitations that may be imposed on the Company as a result of its default under the Credit Facility or the contemplated plan of restructuring, Foothills is increasing its focus on its Texas oil properties. In the current oil price environment, the Company believes its inventory of low risk opportunities in the Goose Creek Field provides the best rates of return on its capital investment and will be concentrating its efforts on increasing oil production from these properties.

The drilling of the GB 4 and GB 5 wells fulfilled Foothills' obligations in its Eel River joint venture and removed restrictions on all leases subject to the joint venture. Foothills continues to believe the Lower Rio Dell and Anderson formations in the Eel River Basin present long term drilling and development opportunities, but also believes it is prudent to reduce future drilling and completion exposure in the basin through joint ventures with industry partners.

About Foothills Resources, Inc.

Foothills Resources, Inc. is a growth-oriented independent energy company engaged in the acquisition, exploration, exploitation and production of oil and natural gas opportunities in California, Texas and Oklahoma.

Aug 22, 2008 -- Dutton Associates initiates coverage of GoldSpring, Inc. (OTCBB: GSPG | Quote | Chart | News | PowerRating) with a Speculative Buy rating and a $.07 price target. The 20-page report by Dutton senior analyst Mike Niehuser is available at www.duttonassociates.com as well as from First Call, Bloomberg Professional, FactSet, Capital IQ, Zacks, Reuters, Knobias, and other leading financial portals.

The Comstock is one of the greatest mining stories in U.S. history because of the historic level of gold-silver production, the large number of technological innovations laying the foundation for modern underground mining, and otherwise one the most colorful periods in the Old West. Eventually technological advancements reached their inevitable limitations in the 1880's for deep underground mining, and with falling metal prices and fragmented approach to mining. GoldSpring has consolidated over 80% of the fragmented ownership interests making possible the first comprehensive development/production of the Comstock with modern exploration/mining technology during a period of stable and rising precious metal prices. The first opportunity for investors in the Comstock in over a century. GSPG has the dominant land position on the Comstock in the Virginia City area, south of Reno, Nevada. GoldSpring appears well positioned to rapidly move forward with the second phase of production, having assembled a property position in a prolific mining area, a mining operation, and a capable mining team. Production should help fund additional development of the historic Comstock District. As only 5% to 10% of their land position has been subject to modern exploration techniques and equipment, it would appear that there is ample opportunity to locate and mine previously unknown or unavailable resources. While GoldSpring is early in its understanding of the potential of the historic Comstock district, it appears that there is significant upside in the area mining from both open pit and underground.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 29 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

Aug 22, 2008 -- Gemini Explorations, Inc. (OTCBB: GXPI | Quote | Chart | News | PowerRating) is pleased to announce that sample results from a newly tested mineralization zone located at its La Tapata Gold Mine site, show indisputable evidence of an economically viable recovery of copper and lead through the use of Diazem Corporation's proprietary separation and capture process. As previously reported, this process allows for the capture of a uniquely high percentage of precious metals and certain base metals. This process will provide for an overall increase in profitability over other methods from ore with varying degrees of mineral concentrations. In a recent report of sample results from La Tapata, Gemini noted that the Diazem process enabled the recovery of a very economic 9.38 g/tonne Au (gold) and an impressive 958.8 g/tonne Ag (silver) from the ore zone tested.

Gemini now wishes to further report the potential of the Diazem process to enhance the value of each tonne of processed ore through its tested ability to recover economically relevant quantities of copper and lead from the samples of the ore in the La Tapata test zone. The Diazem process recovered impressive averages of 5.8% copper and 52.5% lead from the ore samples tested. The capability to capture this quantity of metals, in addition to the gold and silver recovered, translates to a significant increase in the total value of the ore in question, hence producing a significant boost to Gemini's bottom-line profit for each tonne of ore mined.

In general, the Diazem process is more efficient and effective than traditional hydrometallurgy techniques, which utilize cyanide leaching or acid treatment. In fact, in a test performed by Diazem on an unidentified ore sample, their process outperformed acid and cyanide treatments by significant margins with regard to the capture of copper and lead. Following are the results expressed in parts-per-million:

Copper Lead Cyanide Treatment 6.5 <0.05 Acid Treatment < 0.01 <0.05 Alternative 8.0 12.8 Treatment

Michael Hill, CEO of Gemini, commented on this new approach to maximizing ore value as follows, "The ability of the Diazem process to enable the profitable recovery of copper and lead from the ore at La Tapata will add a new, positive dimension to Gemini's financial picture. We are looking forward to completing the build out of La Tapata's processing plant and putting this project into full production."

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