Mr. Vic Alboini reports

NORTHERN FINANCIAL REPORTS ON PROPOSED SALE OF ADDITIONAL SHARES OF JAGUAR FINANCIAL CORPORATION

Northern Financial Corp. intends to sell 1.9 million common shares of Jaguar Financial Corp. by private agreement to an unrelated accredited investor and an officer of the company, in each case at a price of three cents per share, for total proceeds of $57,000. The proceeds will be used by the company for working capital purposes. It is anticipated that the closing of the purchase and sale will close on or about May 7, 2013.

Vic Alboini, chairman and chief executive officer of Northern Financial, will purchase 900,000 shares of Jaguar. The unrelated accredited investor will purchase one million Jaguar shares. The unrelated accredited investor is not an insider of Northern Financial or Jaguar, and is not related to any insider of Northern Financial or Jaguar.

Given his relationship with Northern Financial, the sale to Mr. Alboini will be a related party transaction under applicable securities laws. The sale of Jaguar shares was approved by the board of directors of Northern Financial including the board members who are independent for the purposes of this transaction and no board member had any contrary view or disagreement with the respect to the approval of the transaction. In completing the transaction the company has relied upon the exemptions from the valuation and minority approval requirements contained in sections 5.5(b) and 5.7(e) of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company was not able to file a material change report in respect of the transaction more than 21 days prior to the expected closing date of the transaction due to the fact that the company requires the proceeds from the sale of the shares immediately for its working capital purposes and the terms of the transaction were not agreed to until recently.

Northern Financial currently owns 7,920,315 Jaguar shares, and after the proposed sale will own 6,020,315 Jaguar shares. Vic Alboini, chairman and chief executive officer of Northern Financial and of Jaguar, owns or controls 16,367,238 Jaguar shares. After his purchase, Mr. Alboini will own 17,267,238 Jaguar shares, representing approximately 15.8 per cent of the Jaguar shares.

We seek Safe Harbor.