It might be simplest to eliminate the parameter and write a Cartesian equation for this curve:
x= ln(cos(\theta) so e^x= cos(\theta) and y= ln(sin(\theta) so e^y= sin(\theta). Then e^{2x}+ e^{2y}= cos^2(\theta)+ sin^2(\theta)= 1. Of course, for 0< \theta< \pi/2, cos(\theta) goes from 1 to 0 so x goes from 0 to -\infty and y goes from -\infty to 0. The graph is in the third quadrant.
At \theta= \pi/4, y= x= -(1/2)ln(2) so that e^{2y}= e^{2x}= 2^{-1/2}= 1/2. Further, differentiating e^{2x}+ e^{2y}= 1, 2e^{2x}+ 2e^{2y}y'= 0 so, at (1/2, 1/2), y'= -1. The tangent line is y= -1(x+ (1/2)ln(2))- (1/2)ln(2)= -x- ln(2) and the question becomes solving e^{2x}+ e^{2(-x- ln(2)}= e^{2x}- (1/2)e^{-2x}= 1.