THE NUNAVUT IMPACT REVIEW BOARD RECOMMENDS APPROVAL OF THE by mpe18147

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									TAHERA CORPORATION                                                                     PRESS RELEASE
(TSX: TAH)


      THE NUNAVUT IMPACT REVIEW BOARD RECOMMENDS
     APPROVAL OF THE ENVIRONMENTAL IMPACT STATEMENT
            FOR THE JERICHO DIAMOND PROJECT
Toronto – February 6, 2004

Tahera Corporation is very pleased to announce that the Nunavut Impact Review Board (NIRB) has
recommended the approval of the Environmental Impact Statement (EIS) for the Jericho Diamond
Project. The NIRB approval comes after a period of review as established under Article 12 of the
Nunavut Land Claims Agreement. The review of the EIS culminated with Public Hearings, which were
held from January 5 – 9, 2004 in three Nunavut communities.

The recommendation by the NIRB is provided in conjunction with terms and conditions, which Tahera will
assess and, as necessary, work cooperatively with all stakeholders to fulfill requirements established
under the NIRB recommendation as part of the permitting phase of approval. The NIRB will be making
the terms and conditions of the recommendation available to all parties, including Tahera, in the coming
weeks.

The NIRB approval represents a major milestone regarding development of Tahera’s Jericho Diamond
Project as Nunavut’s first diamond mine. The NIRB recommendation has been forwarded to the Minister
of Indian and Northern Affairs for federal approval.

Jericho Diamond Project
Tahera is focused on developing its wholly-owned Jericho Diamond Project as Nunavut’s first diamond
mine. The Jericho Diamond Project feasibility study indicates robust economics for a diamond mine
centered on the land-based Jericho kimberlite. Tahera is targeting completion of both permitting and
project financing initiatives during 2004, and plans to advance the Jericho Project to commercial
production as quickly as possible. When in production, Tahera will be one of only two Canadian public
companies with production from a Canadian diamond source and unique in owning 100% of its 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'.

For further information:
Tahera Corporation
Grant Ewing – Executive Vice President
Tel: (416) 777-1998 Fax: (416) 777-1898 Toll free: (877) 777-2004
Email: investor_relations@tahera.com

								
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