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Tahera receives federal approval of its Jericho Diamond Project
17:47 EDT Monday, June 07, 2004

TSX: TAH

TORONTO, June 7 /CNW/ - Tahera Corporation announces that the Minister of Indian and Northern Affairs Canada has approved the Company's Jericho Diamond Project. This federal approval of the Jericho Diamond Project follows approval of the Project by the Nunavut Impact Review Board (NIRB) in February 2004. The NIRB will issue a project certificate for the Jericho Diamond Project in the coming weeks.

Tahera is very pleased to have achieved this significant milestone in the diamond mine development process. Tahera can now proceed with finalizing the required permits and authorizations for the Project, including the water permit and land leases. The Company anticipates completing these requirements during 2004, allowing sufficient time to meet Tahera's goal of commencing project construction in early 2005.

Tahera has now successfully completed the environmental assessment process for the Jericho Diamond Project, and finalized an Inuit Impact Benefit Agreement with the Kitikmeot Inuit Association that outlines Inuit participation in the Project, paving the way for development of Nunavut's first diamond mine.

About Tahera Corporation

Tahera Corporation (www.tahera.com), a unique Canadian diamond Company, is focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT and NUNAVUT'S FIRST DIAMOND MINE. Tahera has several other prospective diamond projects in Canada's prolific Slave Craton. The common shares of the Company trade on the TSX under the symbol 'TAH'.