TORONTO, Feb. 16, 2007 (Canada NewsWire via COMTEX News Network) -- Tahera Diamond Corporation (TSX-TAH) announces that Mr. Gary M. Jones has been appointed as a director of the Company. Mr. Jones, a mining engineer, has been employed in various capacities with Teck Cominco Limited for over 27 years. In his current position as Vice President, Business Development, Gary is responsible for the technical aspects of all acquisitions and divestitures for Teck Cominco Limited.
"We are pleased to add an individual of Gary's calibre to the Tahera board, and look forward to his valuable contributions," said R. Peter Gillin, Tahera's Chief Executive Officer.
Pursuant to the strategic alliance between Teck and Tahera, Teck has the right to nominate one director to the Tahera board of directors, as long as Teck owns at least 10% of the issued and outstanding common shares of Tahera. The strategic alliance also allows that Teck provide mining and other technical advice and assistance in connection with the Jericho Diamond Mine.
The winter road that is used to transport supplies and equipment to the diamond mines in the Northwest Territories and Nunavut is now open to the Jericho Diamond Mine. Tahera has begun shipping fuel and explosives on the road, and expects to transport approximately 520 truck loads of supplies over the next six weeks.
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's exploration strategy is focused on increasing reserves in the area that is within trucking distance of the Jericho mine-site, and advancing the Company's other prospective diamond projects in Canada.
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 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 include, but are not limited to, the uncertainty relating to climate conditions, which may affect the access to the winter road and the ability for Tahera to ship the amount of supplies discussed above via such winter road, the ability of Tahera to finance its ongoing operations and 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
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