JAGUAR MINING INC.

Jaguar Mining Inc. ("Jaguar") is engaged in the acquisition, exploration, development and operation of gold properties in the Iron Quadrangle region of Brazil, a greenstone belt located east of the city of Belo Horizonte in the state of Minas Gerais. Jaguar is currently producing gold at its Sabará and Turmalina mines and processing facilities. Construction is underway at the Paciência underground mine and plant, where gold production is expected to begin in the second quarter of 2008. Jaguar also expects to complete a feasibility study for its Caeté Project in the third quarter of 2007.

Jaguar intends to become a mid-size gold producer with production of 300,000 oz per year beginning in 2009. Jaguar believes it has the ability to convert its mineral resources to mineral reserves in order to sustain its production goals for ten years or more.

Jaguar also has the potential to find additional gold deposits at its 72,000 acres of prime exploration properties in the Iron Quadrangle as well as through its joint venture with Xstrata plc in Northern Brazil where exploration of the Pedra Branca Project has begun.

Jaguar has measured and indicated resources of 17,572,460 t with an average grade of 5.12 g/t containing 2,894,860 oz of gold and 5,923,300 t of inferred resources with an average grade of 4.46 g/t containing 850,210 oz of gold. Jaguar's proven and probable mineral reserves, which are included in total resources, are 7,229,160 t with an average grade of 4.90 g/t containing 1,138,870 oz of gold.

The common shares of Jaguar are listed on the Toronto Stock Exchange and the NYSE Arca Exchange under the symbol JAG.