Jaguar Nickel Inc.

Jaguar Nickel Inc.

August 19, 2005 16:30 ET

Jaguar Nickel Inc. President Retires, Company Appoints New Chief Operating Officer

TORONTO, ONTARIO--(CCNMatthews - Aug. 19, 2005) - Jaguar Nickel Inc. (TSX:JNI) (The "Company") announces that Mr. John Yates, President and CEO has retired effective immediately. Mr. Yates will continue as a member of the Board of Directors of the Company.

Mr. Yates said; "The Company initiated its investigation of strategic alternatives in May 2005 and I have decided that my retirement at this time will facilitate the successful completion of the strategic alternative undertaking. As a director of Jaguar Nickel Inc., I look forward to the Company's next phase of development."

"The Board of Directors has accepted John's retirement as President and CEO and is pleased that he will continue as a member of the board," said David Goldman, Chairman. "John Yates successfully transformed Jaguar Nickel Inc. to a financially strong exploration company and has built a team of officers and management who are executing an effective exploration and development program. On behalf of all shareholders, we thank him for his contribution and look forward to his continued input as a board member."

The Board of Directors announces that Mr. Richard Weizenbach has been appointed Executive Vice-President and Chief Operating Officer. Mr. Weizenbach has over 25 years of varied experience in the operations, design and commissioning of base and precious metal process plants. He has held senior technical and operating positions with Sherritt International, Anaconda Nickel and Hatch Engineering. Richard has been directing Jaguar Nickel's activities in Guatemala for the past five months. Under his leadership the exploration potential of the property has been recognized and programs to exploit this potential have been developed and are being pursued.

"We all look forward to working with Richard as COO as we move Jaguar Nickel Inc. to the next stage in its development," said David Goldman.
About Jaguar Nickel Inc.

Jaguar Nickel Inc. (TSX:JNI) is a professionally managed Canadian nickel exploration and mine development Company. The Company's current exploration and development program is focused on the nickel laterite deposits of its licensed properties in Guatemala, Central America.

This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from those implied by such forward looking statements.

Jaguar Nickel Inc.
2015 - 120 Adelaide Street West, Toronto, Ontario M5H 1T1

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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