SOURCE: Jaguar Mining Enterprises, Inc.

January 20, 2010 07:00 ET

Jaguar Mining Enterprises Road Construction for Cascaronal Mine Nearing Completion

RICHMOND, TX--(Marketwire - January 20, 2010) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) announced today that President and CEO Dale Williams is in Mexico as scheduled to oversee the progress on the road construction for the Cascaronal Mine project.

Dale Williams, President and CEO of Jaguar Mining, commented: "This is an important step in our mining operations. Completion of the roadwork gives us dependable access for the extraction and transportation of iron ore from the mining site. We will be posting pictures of the construction on our website, and invite everyone to visit and view the progress."

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 from the expected results.

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