Jaguar Mining Provides Update on Faina Access and Intersects High Grades in Development and Diamond Drill Holes

Jaguar Mining Inc. has announced significant progress in developing its Faina Project, part of the MTL Mining Complex in Minas Gerais, Brazil. Recent diamond drilling has revealed high-grade mineralization, including 20.17 g/t Au over 6.62m in hole FAI0018.

Development channel samples from the H lens show promising results, with highlights including 14.42 g/t Au over a width of 6.75m and 13.31 g/t Au over 6.40m. These results bolster the Company's previously released NI 43-101 Technical Report estimating Probable Mineral Reserves of 132 koz and Measured and Indicated Mineral Resources of 233 koz.

Jaguar Mining has invested about US$15 million in Faina's primary access development, infill drilling, and metallurgical testwork since 2022. By 2024, an additional 1,700m of development is planned, aimed at boosting production levels by 2025.