Mr. Jeff Kennedy reports

JAGUAR MINING ANNOUNCES PASSING OF DIRECTOR JOHN ELLIS

John Ellis, a member of Jaguar Mining Inc.'s board of directors, has passed. Mr. Ellis was appointed to the board on June 24, 2016, and served on Jaguar's corporate governance and compensation committee, and safety, environmental, technical and reserves committee.

Mr. Ellis had a successful career in the mining industry that spanned over 50 years. He previously served as a director of Mexivada Mining Corp. and was chairman and chief executive officer of AngloGold North America and Hudson Bay Mining and Smelting Company. Prior to that, he held senior positions at Inspiration Resources Corp. and CVRD-Inco.

"This is a moment of great sadness for the Jaguar family," said Jeff Kennedy, the company's chairman of the board. "We are mourning the loss of a dear friend and valued colleague. Over the years, John's wealth of knowledge and unquestionable passion for mining have played a key role in Jaguar's successes. On behalf of the company and the board, I wish to extend our deepest sympathy and support to John's family."

About Jaguar Mining Inc.

Jaguar Mining is a Canadian-listed junior gold mining, development and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais, and include the Turmalina gold mine complex and Caete mining complex (the Pilar and Roca Grande mines, and the Caete plant). The company also owns the Paciencia gold mine complex, which has been on care and maintenance since 2012. The Roca Grande mine has been on temporary care and maintenance since April, 2019.