TAHERA DIAMOND CORP.

Tahera Diamond announced the completion of a Plan of Arrangement with Ag Growth Income Fund. Pursuant to the Plan of Arrangement, the Company received consideration with an aggregate value of $13 million (calculated in accordance with the Plan of Arrangement) in the form of cash, $4 million in common shares and $4 million in convertible preferred shares of Ag Growth International Inc., which was subsequently paid to Caz Petroleum Inc., the Company's senior secured creditor. Caz has put in place a debtor-in-possession credit facility of up to $5 million to finance a potential restart of the Jericho Mine.