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Tahera Receives Federal Approval of the Jericho Diamond Mine Water License

01/26/2005


Tahera Diamond Corporation announces that the Minister of Indian and Northern Affairs Canada has approved the ‘Class A’ Water License for the Jericho Diamond Mine that was issued by the Nunavut Water Board in December 2004.

Tahera is currently finalizing the land leases for the project, and expects to conclude this process in a timely fashion. Following receipt of the land leases, Tahera will have the required authorizations to commence mobilization and construction of its Jericho Diamond Mine.

Tahera Diamond Corporation (www.tahera.com) is a unique Canadian diamond Company focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT and NUNAVUT'S FIRST DIAMOND MINE. Tahera recently entered into an arrangement with Tiffany & Co., one of the world’s leading jewelers, with respect to a diamond purchasing, marketing, and finance agreement for the Jericho Diamond Project. Tahera has several other prospective diamond projects in Canada's prolific Slave Craton. The common shares of the Company trade on the TSX under the symbol 'TAH'.

Tahera Diamond Corporation
R. Peter Gillin – Chairman and CEO
Grant Ewing – Executive Vice President, Corporate Development

Investor Relations:
Tel: (416) 777-1998
ax: (416) 777-1898
Toll free: (877) 777-2004
Email: investor_relations@tahera.com  
Website: www.tahera.com