(TSX: TAH)

    TORONTO, March 2 /PRNewswire-FirstCall/ - Tahera Corporation announces
that it has received the Final Report associated with the environmental review
for the Jericho Diamond Project from the Nunavut Impact Review Board (NIRB).
As reported previously (press release dated Feb. 6, 2004), the NIRB has
recommended approval of the Jericho Diamond Project to the Minister of Indian
and Northern Affairs.

    "NIRB is recommending that Tahera Corporation's proposal to build a
    diamond mine at the Jericho site be approved. This project proposal will
    have significant direct and indirect positive economic benefits
    associated with it and the Board believes the people of Nunavut, and in
    particular the West Kitikmeot Region, welcomes this diamond mine."
    (NIRB Final Report for the Jericho Diamond Project, February 2004)

    The NIRB Final Report provides an analysis of the proceedings of the
Final Hearing, and outlines terms and conditions with respect to the NIRB's
recommendation of approval for the Jericho Diamond Project. The terms and
conditions are specifically related to the areas of monitoring, noise,
wildlife, fish and aquatics, environmental management, abandonment and
reclamation, and socio-economics. The NIRB Final Report emphasizes the need
for the Company to work cooperatively with the various regulatory bodies and
other stakeholders during the permitting phase. Tahera remains committed to
working with all stakeholders to satisfy the terms and conditions outlined in
the NIRB Report. A complete copy of the NIRB Final Report will be posted on
Tahera's website in the coming days.

    About Tahera Corporation
    Tahera Corporation (http://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'.

    Tahera Corporation
    Grant Ewing - Executive Vice President

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