SOURCE: Jaguar Mining Enterprises, Inc.

October 28, 2009 15:53 ET

Jaguar Mining Enterprises Files Its Initial Disclosure Statement on Pink Sheets

RICHMOND, TX--(Marketwire - October 28, 2009) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR), an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico, announced today that the company has filed its Initial Information and Disclosure Statement through OTC Disclosure and News Service. A current summation of the company and its business objectives is now available on Pink Sheets (www.pinksheets.com) under the company's symbol, JAGR.

Jaguar Mining also announced that it has begun discussions with a Shanghai, China based firm to act as its direct sales and marketing representative to Chinese steel manufacturers. Jaguar hopes to finalize terms of an agreement which will provide the company with its first strategic partnership in China, the world's largest iron ore importer. The company plans to release complete details once a definitive agreement has been completed.

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: www.jaguarminingenterprises.com

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 form the expected results.

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