SOURCE: Jaguar Mining Enterprises, Inc.

February 25, 2010 06:30 ET

Jaguar Mining Discovers Second Fe Deposit at Cascaronal Mine

RICHMOND, TX--(Marketwire - February 25, 2010) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) today announced that during recent road construction at its Cascaronal Mine, an additional large deposit of iron ore was discovered. Testing confirmed the deposit as containing 63.5% Fe. The company also announced that it has moved up the start date for extraction to March 8, 2010.

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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