Mr. Edgardo Russo reports

JAGERCOR ENERGY CORP. ANNOUNCES PRIVATE PLACEMENTS TO EXISTING SHAREHOLDERS AND OTHER INVESTORS

Jagercor Energy Corp. intends to conduct two concurrent non-brokered private placements. The first offering is open to all existing shareholders of the company to raise up to $2-million, consisting of up to 33,333,333 units at a price of six cents per unit. The shareholder offering is open to all existing shareholders of the company, subject to certain limitations discussed below. Any existing shareholder interested in participating in the shareholder offering should contact the company in accordance with the contact information set forth below. The shareholder offering is expected to close in tranches with closing dates to be set at the discretion of the company, commensurate with the level of shareholder interest.

Each unit will consist of one common share in the capital of the company and one-half of one transferable share purchase warrant. Each warrant will be exercisable to acquire one additional common share of the company for a period of two years at a price of 12 cents per common share.

Proposed concurrent financing

The shareholder offering is being completed in conjunction with a second general offering by Jagercor to accredited investors, friends, family and business associates, among others, in reliance upon applicable prospectus exemptions. The general offering is for gross proceeds of up to $2-million or 33,333,333 units. The units under the general offering are being offered for sale on the same terms as the units under the shareholder offering, and are available to investors in certain jurisdictions in Canada and the United States, subject to available exemptions from the prospectus requirements and applicable securities laws. Similar to the shareholder offering, the general offering is expected to close in tranches, with each closing to take place at the discretion of the company.

Offering terms

The company may pay a finder's fee in cash of up to 8 per cent of the gross proceeds of each offering, and issue finder's warrants of up to 8 per cent of the number of units sold under such offering, and such finder's fee and finder's warrants may be on all or any portion of such offering. Each finder's warrant will be exercisable to acquire one additional common share of the company at a price of 12 cents per common share for a period of one year from the date of issuance of such finder's warrant.

Existing shareholder exemption

The shareholder offering will be conducted in reliance upon the existing shareholder exemption contained in Multilateral CSA Notice 45-313, and various corresponding blanket orders and rules of participating jurisdictions (but excluding Ontario, and Newfoundland and Labrador, where the existing shareholder exemption is not available).

The company has set Sept. 19, 2014, as the record date for the purpose of determining existing shareholders entitled to purchase units pursuant to the existing shareholder exemption. Subscribers purchasing units under the existing shareholder exemption will need to represent in writing that they meet certain requirements of the existing shareholder exemption, including that they were, as of the record date, and continue to be, as of the date of closing for their subscription, a shareholder of the company. The aggregate acquisition cost to a subscriber under the existing shareholder exemption cannot exceed $15,000 unless that subscriber has obtained advice obtained from a registered investment dealer regarding the suitability of the investment. The company will accept qualifying subscriptions of $5,000 or more.

If the aggregate subscriptions for units under the shareholder offering exceed the maximum number of units proposed to be distributed, subscriptions will be accepted in whole or in part at the discretion of the company. In accordance with the existing shareholder exemption, the company confirms there is no material fact or material change related to the company which has not been generally disclosed.

Assuming the shareholder offering is fully subscribed, the company intends to allocate the net proceeds as follows: (1) approximately $1.5-million to pay a portion of the remaining balance due to Central International Corporation Sucursal Argentina under a previously announced development agreement entered into by the company with Central to finance the drilling of three wells at Catriel Oeste oil concession, located in Rio Negro province, Argentina; and (2) the balance for general working capital purposes.

Although the company intends to use the proceeds of the shareholder offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities. If the shareholder offering to existing security holders is not fully subscribed, the company will apply the proceeds of the shareholder offering to the above uses in priority, and in such proportions as the board of directors and management of Jagercor determine is in the best interests of the company.

Existing shareholders of Jagercor are directed to contact the company for further information concerning subscriptions for securities under the shareholder offering.

Edgardo Russo, chief executive officer of Jagercor, stated: "We are pleased to announce the shareholder offering using the existing shareholder exemption, which will allow us to provide our existing shareholders with the same opportunity to participate in the company's shareholder offering as other investors who participate in the general offering."

All securities issued in connection with the offerings will be subject to a four-month hold period in accordance with applicable securities laws. The shareholder offering and general offering are subject to the approval of the Canadian Stock Exchange, if any.

We seek Safe Harbor.