TORONTO, Dec. 10, 2007 (Canada NewsWire via COMTEX News Network) -- TSX: TAH

Tahera Diamond Corporation announces that its earlier press release issued today regarding the receipt from the securities regulatory authorities for its Final Prospectus in connection with its Rights Offering, was issued by mistake. Tahera is still awaiting for the receipt for the Final Prospectus, and accordingly the previous press release should be disregarded.

Tahera Diamond Corporation,

R. Peter Gillin - Chairman and CEO

%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