Jaguar Nickel Inc.

Jaguar Nickel Inc.

January 24, 2006 14:44 ET

Jaguar Nickel Shareholders Approve Sale of Guatemalan Subsidiary

TORONTO, ONTARIO--(CCNMatthews - Jan. 24, 2006) - Jaguar Nickel Inc. (the "Company") (TSX:JNI) announced today that its shareholders have approved the sale of all of the outstanding shares of the Company's wholly-owned Guatemalan subsidiary, Jaguar Nickel, S.A., to BHP Billiton for a purchase price of CDN $19 million cash (the "Transaction"). As part of the Transaction, the Company will enter into an exploration alliance with BHP Billiton.

The Transaction is expected to close on January 31, 2006.

Trading Symbol on the TSX: "JNI"

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

Contact Information

  • Jaguar Nickel Inc.
    Richard Weizenbach
    Executive Vice-President and Chief Operating Officer
    416-360-0728 (FAX)
    120 Adelaide Street West, Toronto, Ontario M5H 1T1