Tahera Corporation is pleased to announce its 2003 exploration plans. Tahera will conduct exploration on its wholly-owned properties, including the Jericho Claims. The exploration budgets for Tahera's joint venture properties, including the Rockinghorse Property where the exciting Anuri kimberlite exists, have not yet been finalized.

Jericho Claims

Tahera is pursuing development of its wholly-owned Jericho Diamond Project as Canada's next, and Nunavut's first, diamond mine. The Environmental Impact Statement for the Project was completed in January. Tahera's goal is to complete the regulatory approval process for development of the Project during 2003.

During the Jericho Mine development phase, Tahera will continue to explore for additional kimberlites on the Jericho Claims. Previous exploration activities indicate that the claims have high potential for further kimberlite discoveries.

Approximately $1,000,000 has been budgeted for exploration on the Jericho Claims during 2003. Tahera may allocate up to 20% of the budget to the Company's other prospective diamond exploration projects in the Slave Craton, including some recently acquired diamond exploration claims.

Tahera's 2002 exploration program included a regional till sampling program on its diamond exploration properties. In addition, 500 till samples collected on the Jericho Claims are currently being processed. The results from these samples will assist in outlining the limits of previously defined kimberlite indicator mineral trains, and indicate anomalous areas that require follow-up sampling. Additional prospecting, till sampling and geophysical surveys will be conducted during the upcoming programs, and numerous untested kimberlite targets generated during previous exploration campaigns will be reviewed and prioritized. Following a complete assessment of the exploration data, priority kimberlite targets will be selected for drill testing during the spring and summer months.

Michael J. Michaud of SRK Consulting is Tahera's qualified person for its exploration programs.

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

Tahera Corporation is a unique Canadian junior diamond company in that it has a positive feasibility study completed on an advanced stage diamond development project. Tahera is focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT, and NUNAVUT'S FIRST, DIAMOND MINE. Tahera has several other prospective diamond projects in Canada's prolific Slave Craton, including the Rockinghorse Property joint venture, where the significantly diamondiferous Anuri kimberlite occurs. 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 &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