TORONTO, April 25 /CNW/ - Tahera Diamond Corporation ("Tahera" or the
"Company") (TSX-TAH). As previously announced, the Company intends to satisfy
the alternative information guidelines recommended by Ontario Securities
Commission ("OSC") Policy 57-603 and Canadian Securities Administrators Staff
Notice 57-301.

The company has completed processing at the Jericho Mine. The processing
plant and mine infrastructure are now being prepared for a period of care and
maintenance. It is expected that this exercise will take a number of weeks to
complete. Staff at the mine will be reduced to a level that will meet the care
and maintenance work requirements.

The Company completed its most recent valuation on April 20th, 2008 where
approximately 33,500 carats were valued at an average price of US $99. 00 per
carat. A final valuation will be completed in May 2008, which will contain
diamonds recovered from the cut-off date for the April valuation to the end of
the processing.

As previously announced the Company is currently conducting its court
approved marketing process of the assets of the Company and is seeking
expressions of interest no later than April 28, 2008. Blair Franklin Capital
Partners have been retained to manage and provide guidance during the
marketing process. As previously announced, on January 16, 2008, Tahera
entered into protection under the Companies' Creditors Arrangement Act (CCAA).
The stay period under the court order extends to June 30, 2008.

FORWARD LOOKING STATEMENTS

Certain information regarding Tahera in this news release including
management's assessment of future plans and operations and the timing thereof,
may constitute forward-looking statements under applicable securities laws and
may necessarily involve risks including, without limitation, risks associated
with mineral exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity and diamond prices,
currency fluctuations, imprecision of reserve and resource estimates,
environmental risks, competition from other producers, inability to retain
services, delays resulting from or inability to obtain required regulatory
approvals, the ability to access sufficient capital and the uncertainty
involved in Court proceedings and the implementation of a Plan under the CCAA.
As a consequence, Tahera's actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given that
any events anticipated by the forward looking statements will transpire or
occur, or, if any of them do so, what benefits Tahera will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive.
Furthermore, the forward-looking statements contained in this news release are
made as of the date this news release and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or
otherwise, except as may be required by applicable securities laws.

Tahera Diamond Corporation
R. Peter Gillin - Chairman and CEO