Tahera Corporation is pleased to announce that it has arranged a $1.8 million private placement of flow-through common shares in two separate transactions.

In the first transaction, each flow-through common share will have a subscription price of $0.16 per share, resulting in 9,375,000 flow-through common shares being issued for total proceeds of $1.5 million.

Dundee Securities Corporation and Canaccord Capital Corporation have agreed to act as agents for the transaction. The agents will be paid a total fee equal to 5% of the value of the gross proceeds of the private placement. In addition, the agents will receive 468,750 common share purchase warrants. The warrants will have a 12-month term and an exercise price of $0.16 per share.

In the second transaction, a private investor subscribed for 1,875,000 flow-through common shares at a subscription price of $0.16 per share, for total proceeds of $300,000.

Tahera will utilize the proceeds from the private placements to fund additional exploration on its diamond exploration projects in Nunavut and the Northwest Territories.

The two financings are subject to regulatory approval.

To find out more about Tahera Corporation (TSX: TAH), visit our website, www.tahera.com.

Tahera Corporation is focused on developing its highly prospective diamond projects in Canada's prolific Slave Craton. Tahera is the operator of its wholly-owned Jericho Diamond Project in Nunavut, and has an exciting joint venture with Rio Tinto on the Rockinghorse Property (Anuri kimberlites) in Nunavut. The common shares of the Company trade on the Toronto Stock Exchange under the symbol 'TAH'.

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VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/cgi-bin/inquiry.cgi?OKEY=21780

For further information: Grant Ewing, Vice President Investor Relations and Corporate Development, Tel: (416) 777-1998, Fax: (416) 777-1898, Toll free: (877) 777-2004
Email: investor@tahera.com

News release via Canada NewsWire, Toronto 416-863-9350