Mr. David Petroff reports

JAGUAR MINING RETAINS GORDON J. BABCOCK AS CHIEF OPERATING OFFICER

Jaguar Mining Inc. has retained Gordon J. Babcock as chief operating officer for the company. Mr. Babcock, a professional engineer with over 32 years of mining experience, will assume responsibility for all facets of Jaguar's mining operations in early 2013.

Commenting on the executive appointment, David Petroff, Jaguar's president and chief executive officer, stated: "We are extremely pleased to have Gordon join the Jaguar team. He has an excellent focus on safety, extensive experience in mine operations, and proven ability to address and resolve operating issues. Gordon's internationally diversified underground mining experience, combined with strong leadership and management skills make him a superb fit to lead Jaguar through its current turnaround initiative and future expansion."

Mr. Babcock was most recently the vice-president and general manager for Nyrstar's El Mochito mine operation in Las Vegas, Honduras. He has also held various executive positions in South America with Coeur d'Alene Mines and Plata Peru Resources Inc. He earned a bachelor of science degree with honours in mining engineering from Queens University in Kingston, Ont., Canada, and is a member of the Association of Professional Engineers Ontario, the American Institute of Mining and Metallurgy, and the Canadian Institute of Mining and Metallurgy.