Diversa Corporation To Announce Results For The Quarter And Nine Months Ended September 30, 2006

SAN DIEGO, Oct. 27 /PRNewswire-FirstCall/ -- Diversa Corporation today announced that it will release 2006 third quarter and year-to-date financial results on Monday, October 30, 2006 after market close. Diversa will host a conference call with live webcast on Tuesday, October 31, 2006 at 2:00 p.m. Eastern Time. The call will provide a product update and review of financial results for the first three quarters of the year.

Information about the call, including a link to the live webcast may be accessed by visiting the Company's website at www.diversa.com and accessing the "Investors" section during the call and for a limited period of time following the call.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

About Diversa

Since 1994, San Diego-based Diversa Corporation has pioneered the development of high-performance specialty enzymes. The company possesses the world's broadest array of enzymes derived from bio-diverse environments as well as patented DirectEvolution(R) technologies. Diversa customizes enzymes for manufacturers within the alternative fuel, industrial, and health and nutrition markets to enable higher throughput, lower costs, and improved environmental outcomes. For more information, please visit www.diversa.com.

Contact: Wendy Kelley Investor Relations (858) 526-5437 Wkelley@diversa.com

Diversa Corporation

CONTACT: Investors, Wendy Kelley of Diversa Corporation, +1-858-526-5437,Wkelley@diversa.com

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