The 2007 exploration program will focus on advancing several of Tahera's prospective diamond exploration projects as follows:

    <<
    -   Extraction of approximately 500 tonnes of kimberlite from Tahera's
        wholly-owned JD-3 Kimberlite to determine its diamond potential.
        Previous small scale sampling programs indicate that the kimberlite
        is diamondiferous, and has the potential to exhibit a coarse diamond
        size distribution profile. The JD-3 Kimberlite is located
        approximately 7 kilometres west of the Jericho mine-site.

    -   Extraction of a 20- to 30-tonne sample from the diamondiferous Anuri
        Kimberlite to further define its macro diamond distribution
        characteristics. The Anuri Kimberlite is a joint venture project with
        Kennecott Canada Exploration Inc. (75% Tahera, 25% Kennecott), and is
        located approximately 90 kilometres northwest of the Jericho mine-
        site.

    -   Analysis of the existing Muskox data in consultation with De Beers
        Canada Inc. to further understand the diamond potential of the
        kimberlite. This assessment will provide information for planning
        future work programs. Muskox is located on the Polar Project lands, a
        joint venture project with De Beers Canada Inc. (50% Tahera, 50% De
        Beers), and lies approximately 14 kilometres west of the Jericho
        mine-site.

    -   Kimberlite target generation and a drilling program on the Polar
        Project in areas where unresolved kimberlite indicator mineral trains
        occur.

    -   Kimberlite target generation and drill testing on the Jericho Group,
        which encompasses the Jericho mine-site and the diamondiferous Bird
        Lake Kimberlite dyke system.
    >>

Tahera's exploration strategy of increasing diamond reserves in the area that is within economic trucking distance of the Jericho mine-site, and developing the Company's other highly prospective diamond exploration projects, will be advanced significantly through aggressive exploration initiatives.

Mr. Dale Mah, P. Geol., is Tahera's qualified person as defined in National Policy 43-101 for its exploration programs and has supervised the preparation of the technical information included in this press release. Mr. Mah is an employee of Tahera and is not considered independent of Tahera.

Tahera Diamond Corporation (www.tahera.com) is a unique Canadian diamond company. Tahera's primary asset is its wholly-owned Jericho Diamond Mine, which represents Canada's third and Nunavut's first diamond mine. Tahera has a diamond purchase and marketing arrangement with Tiffany & Co., one of the world's leading jewellers, ensuring that the Company receives competitive market prices for its Jericho diamonds. Tahera has several other prospective diamond projects in Canada's prolific Slave Craton.

Forward-Looking Information

This press release contains "forward-looking information" that reflects Tahera Diamond Corporation's current expectations. When used in this report, words such as "estimate", "intend", "expect", "anticipate" and similar expressions are intended to identify forward-looking information, which is based on the opinions and estimates of management at the date the statements are made. By their very nature, they are not guarantees of Tahera's future operational or financial performance, and are subject to risks and uncertainties such as unfavourable climate conditions preventing exploration or the supply of exploration sites and other factors that could cause Tahera's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by forward-looking information. These risks, uncertainties and factors may include, but are not limited to the risks and uncertainties identified in Tahera's latest Annual Information Form filed on www.SEDAR.com. Actual events may differ materially from current expectations. Tahera disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Tahera Diamond Corporation

R. Peter Gillin - Chairman and CEO

Grant Ewing - Executive Vice President

%SEDAR: 00003313E

SOURCE: Tahera Diamond Corporation

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