Mr. Vic Alboini reports

NORTHERN FINANCIAL COMPLETES SALE OF 1,900,000 SHARES OF JAGUAR FINANCIAL CORPORATION AND ANNOUNCES RESIGNATION OF DIRECTOR

Northern Financial Corp. has completed the sale of 1.9 million common shares of Jaguar Financial Corp. by private agreement to a director of the company (who is an accredited investor) and to an unrelated accredited investor, in each case at a price of three cents per share, for total proceeds of $57,000.

Vic Alboini, the chairman and chief executive officer of Northern Financial, purchased 900,000 Jaguar shares. The unrelated accredited investor purchased 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.

After the sale, Northern Financial owns 6,020,315 Jaguar shares, or approximately 5.5 per cent of the issued Jaguar shares, and Vic Alboini, chairman and chief executive officer of Northern Financial and Jaguar, owns or controls 17,267,238 Jaguar shares, representing approximately 15.8 per cent of the Jaguar shares.

Northern Financial also announces that John Reid has decided to step down from the board of directors of the company to spend more time on other matters. Mr. Reid has been a strong supporter of the company, and the company thanks him for his efforts.

We seek Safe Harbor.