Tahera Diamond Corporation

    TORONTO, Jan. 4 /CNW/ - Tahera Diamond Corporation (TSX-"TAH") announces
in light of today's trading activity and at the request of Regulation Services
Inc., on behalf of the Toronto Stock Exchange, that it is not aware of any
corporate developments that would impact the trading of the stock.

    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.

    Tahera Diamond Corporation
    R. Peter Gillin - Chairman and CEO

    %SEDAR: 00003313E

For further information:

For further information: 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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