FINANCE – Tahera restructures its proposed offering

TORONTO - Troubled miner TAHERA DIAMOND CORP. has decided to restructure its proposed offering, proceeding with a best efforts offering of units rather than the previously announced rights offering. The corporation will file an amended and restated preliminary prospectus shortly.

Tahera says the offering will be subject to a minimum of at least $40 million. Investors will have the opportunity to purchase units, subject to the compliance with the securities laws of such shareholders' home jurisdictions. The company will enter into conversion agreements with TIFFANY & CO. and NUNA LOGISTICS on terms similar to those announced for the original offering.

Proceeds of the offering will be used to resupply the Jericho diamond mine in Nunavut this winter. The November 2007 presentation with details of improved operations at the mine is posted at www.Tahera.com.