DIAMOND MINE Tahera officially opens Jericho

NUNAVUT TAHERA DIAMOND CORP. of Toronto held the official opening ceremony for its Jericho diamond mine on Aug. 17, 2006. The Jericho mine represents Canada's third, and Nunavut's first, diamond mine. Construction of the mine was substantially completed during 2005, and the first diamonds were produced in January 2006. Tahera declared commercial production on July 1, 2006.

Over 140 guests and dignitaries attended the opening ceremony at the mine site, including The Right Hon. Stephen Harper, Prime Minister; The Hon. Paul Okalik, Premier of Nunavut Territory; and The Hon. James Prentice, Minister of Indian Affairs and Northern Development. CMJ editor Jane Werniuk was there; look for her report in the October issue of the magazine.

"The official opening marks the creation of Canada's newest diamond mine
and the first in Nunavut. We are very pleased with the accomplishments of the
Tahera team and look forward to many years of successful mining," said Peter
Gillin, chairman and CEO of Tahera (www.Tahera.com).