SOURCE: Jaguar Mining Enterprises, Inc.

March 16, 2010 06:00 ET

Jaguar Mining Enterprises Will Begin Extraction on the Cascaronal Mine

RICHMOND, TX--(Marketwire - March 16, 2010) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) today announced that they are completing the patio area which is very important for the extraction of the company's iron ore proven reserves and also to enable (JAGR) rates and overhead to be as efficient as possible in order to show our loyal shareholders the highest return on investment (R.O.I.) as possible. Dale Williams, President & C.E.O., has stated, "We are right on track to have our first crews extracting as we stated in our past release as I am pleased with every member of my staff. We also have a second geological firm coming out to the Mine to ensure the second vein that was discovered just weeks ago can be extracted efficiently as well. Once again it is our goal to keep our costs of extraction to a minimum." Mr. Williams also stated that "(JAGR) to begin extracting and proving to our shareholders revenues are in the immediate future, and we are extremely comfortable as we will begin extracting within weeks. As this has been a very thought out, methodical and strategic plan all the pieces are finally in place to enhance shareholder value, with only Authorized Shares of 75,000,000 and a Float of 20,785,014, we firmly believe our shareholders will benefit greatly."

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, 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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