Jaguar Nickel Inc.

Jaguar Nickel Inc.

May 25, 2005 10:42 ET

Jaguar Nickel Inc. Retains Scotia Capital To Launch Strategic Review Process

TORONTO, ONTARIO--(CCNMatthews - May 25, 2005) -

Company's development strategy to evaluate strategic relationships.

Jaguar Nickel Inc. (TSX:JNI), today announces that the Board of Directors has formed a Special Committee to establish the criteria and review process to identify appropriate strategic relationship opportunities. The committee will be chaired by Mr. David Goldman who is also Chair of Jaguar Nickel Inc. and will include Warren Holmes and Andrew Adams. The committee has engaged Scotia Capital to assist it in carrying out its mandate.

"We have had inquiries from interested parties to open up discussions to form a strategic relationship and the time has come for us to formalize this process by establishing a Special Committee that will work with Scotia Capital to advise us in this regard," says John Yates, President and CEO, Jaguar Nickel Inc.

The Special Committee is mandated to develop a proactive and reactive program to evaluate a range of strategic alternatives; determine whether a specific transaction will enhance shareholder value and recommend a selection for shareholder approval.

Concurrent to its review process, the Company is continuing its 2005 exploration and drill program to define its deposit in Guatemala as well as to evaluate appropriate technologies for economically exploiting its nickel laterite deposit.

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.

Trading Symbol on the TSX:JNI

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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