Tahera Diamond Corporation announces application for trading suspension

    TORONTO, Feb. 6 /CNW/ - Tahera Diamond Corporation (TSX-TAH) ("Tahera" or
the "Company").
    Tahera announces that it has made application for the voluntary
suspension of the trading of its common shares on the Toronto Stock Exchange
    The Company has determined that any plan of restructuring or liquidation
of the Company would not result in any return for holders of Tahera's common
shares. Accordingly, the Company's Chief Restructuring Officer, with the
approval of the Monitor appointed under Tahera's CCAA proceedings, has
determined that Tahera's common shares should be suspended from trading on the
TSX for the time being.

    Tahera Diamond Corporation
    Andrew Gottwald - Chief Restructuring Officer

    %SEDAR: 00003313E

For further information:

For further information: Tel: (416) 777-1998, Fax: (416) 777-1898, Toll
free: (877) 777-2004, Email: investor_relations@tahera.com

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