Tahera Diamond Corporation provides update

    TORONTO, Aug. 29 /CNW/ - Tahera Diamond Corporation (TSX-TAH) ("Tahera"
or the "Company").
    As previously announced, the Company provides its bi-weekly report under
the alternative information guidelines recommended by Ontario Securities
Commission ("OSC") Policy 57-603 and Canadian Securities Administrators Staff
Notice 57-301.
    There are no new developments to report since Tahera's press release of
August 15, 2008.

    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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