Tahera announces suspension of mining

Tahera Diamond Corporation announces today that it will suspend mining activities at the Jericho mine in approximately two weeks. The suspension of mining will preserve the Company’s existing cash position and fuel inventory at the mine while it works on its previously announced re-structuring plan.

Following the suspension of mining activities, ore processing and diamond recovery are planned to continue for approximately two months or until the high-grade ore stockpiles are exhausted. A concerted effort is being made with respect to mining over the next two weeks to maximize high-grade ore stockpiles. Nuna Logistics have agreed to provide site services, as required, once mining operations have been suspended and while ore processing continues.

The Company will assess all options during this period with a goal of continuing operations at its Jericho Mine.

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