SOURCE: Jaguar Mining Enterprises, Inc.

April 07, 2010 06:00 ET

JAGR Has Partnered With Pacific Coast Minerals on the Cascaronal Mine

RICHMOND, TX--(Marketwire - April 7, 2010) -  Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) announced today that President and CEO Dale Williams has legally partnered with Pacific Coast Minerals USA, LLC. and Pacific Coast Minerals S.A. de C.V. herein referred to as PCM.

PCM is majority owned by Mr. Steven Reynolds with the SCR TRUST and the trust is now one of the major stockholders in (JAGR). PCM is one of the largest privately held mining companies in the world controlling a large percentage of all iron ore reserves out of the West and East Coast of Mexico and will soon be the world's leading producers of iron ore. 

PCM has multiple annual contracts in excess of 25 million dry metric tons of iron ore for the Cascaronal mine and PCM's other mines which sell directly to importers in China, Taiwan and the United States. Mr. Williams along with Mr. Reynolds stated, "We anticipate that Cascaronal's first shipment of iron ore from the Port of Manzanillo to China will be in the last week of May. We will export a minimum of 7 million tons this year alone from the Cascaronal mine and brand new crushing equipment is currently being mobilized from the United States and will arrive in Manzanillo Mexico shortly."

This partnership will increase JAGR production significantly and an additional benefit is having the SCR TRUST also owning a global shipping company that has its own loading berth for the vessels already in the Port of Manzanillo. JAGR now has the right partner, the buyers and the vessels to offer the world a turn key product.

If investors need evidence that the global economy has legs, they need look no further than the recent massive iron ore prices that have just been announced. It's an unmistakable sign that steel demand, a key indicator of economic growth, remains strong.

This is a huge sea of change for the iron ore mining and steel industries. The new pricing regime means that iron ore can now take its rightful place as a key global commodity like crude oil. And as is the case with crude oil, iron ore prices are likely to move higher on the continued strong demand from China.

About Jaguar Mining Enterprises, Inc.:

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs. For additional information regarding Jaguar Mining Enterprises please visit:

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

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