TORONTO, Jun 8, 2006 (Canada NewsWire via COMTEX News Network) -- Tahera Diamond Corporation (TSX-TAH) announces that it has closed the previously announced flow-through private placement financing. Tahera increased the size of the financing, resulting in the sale of 2,200,000 common shares at a price of $3.80 per share, for gross proceeds of $8,360,000. The proceeds from this financing will be utilized to fund the Company's exploration work on its diamond projects in Nunavut.

    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:
1-877-777-2004, Email: investor_relations@tahera.com; Website: www.tahera.com