SOURCE: Jaguar Mining Enterprises, Inc.

January 06, 2010 06:30 ET

Jaguar Mining Enterprises Provides Shareholder Update

RICHMOND, TX--(Marketwire - January 6, 2010) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR), is pleased to provide an update to its shareholders regarding current activities and anticipated developments for the new year.

Jaguar CEO Dale Williams commented: "Now that the holiday season is behind us, we wanted to take the opportunity to remind our shareholders that Jaguar Mining is continuing with our plans to commence production on the Cascaronal mine this month, and as we move forward into 2010 we remain steadfast with our goal of positive cash flow by end of year. We anticipate demand for iron ore to remain strong, and we intend to position ourselves to take advantage of that demand to create growth which will lead to increased value for our shareholders."

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 form the expected results.

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