Originally Posted by diameister

TORONTO, April 25 /CNW/ - Tahera Diamond Corporation ("Tahera" or the "Company") (TSX-TAH). As previously announced, the Company intends to satisfy the alternative information guidelines recommended by Ontario Securities Commission ("OSC") Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301.

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The company has completed processing at the Jericho Mine. The processing plant and mine infrastructure are now being prepared for a period of care and maintenance. It is expected that this exercise will take a number of weeks to complete. Staff at the mine will be reduced to a level that will meet the care and maintenance work requirements.

The Company completed its most recent valuation on April 20th, 2008 where approximately 33,500 carats were valued at an average price of US $99. 00 per carat. A final valuation will be completed in May 2008, which will contain diamonds recovered from the cut-off date for the April valuation to the end of the processing.

As previously announced the Company is currently conducting its court approved marketing process of the assets of the Company and is seeking expressions of interest no later than April 28, 2008. Blair Franklin Capital Partners have been retained to manage and provide guidance during the marketing process. As previously announced, on January 16, 2008, Tahera entered into protection under the Companies' Creditors Arrangement Act (CCAA). The stay period under the court order extends to June 30, 2008.