SOURCE: Jaguar Mining Enterprises, Inc.

February 18, 2010 06:30 ET

Jaguar Mining 2010 Production Guidance

RICHMOND, TX--(Marketwire - February 18, 2010) - Jaguar Mining Enterprises Inc (PINKSHEETS: JAGR) announces today their production guidance for 2010.

Production in 2010 is expected to total 330,000 tons of ore shipped. They expect to begin pre-production in May 2010 extracting an average of 30,000 tons per month and ramping up to 60,000 tons per month by August 2010. Based on its current projections, the Company is forecasting gross revenues of $19,470,000.

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, iron ore production 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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