Mr. Luis Tondo reports

JAGUAR MINING ANNOUNCES APPROVAL FROM ANM FOR RESUMPTION OF KEY OPERATIONS AT ITS MTL COMPLEX, POWERING FUTURE GROWTH WITH SAFETY & EXCELLENCE

Jaguar Mining Inc. has received the official approval from the National Mining Agency for the restart of key mining and processing operations at the company's MTL complex. This decision marks a significant event in the progress of the company toward its planned gold production levels, allowing for the resumption of crucial operations, including underground development, underground mining, and the full function of the metallurgical plant, paste fill plant and filtration unit.

"Jaguar wishes to express its profound gratitude to the ANM for their exemplary diligence and expeditious handling of the review of these operations," commented Jaguar chief executive officer, Luis Albano Tondo. "The decisive action of the AMN and comprehensive review process, culminating in the termo de desinterdicao No. 1/2026/ANM/SFI-ANM on Jan. 7, 2026 (a lifting of the restriction on operations), demonstrates ANM's co-operation and signals a mutual commitment to the highest standards of safety and responsible mining. We particularly acknowledge and appreciate their collaborative approach in reaching this significant milestone."

As highlighted by the ANM's decision, this approval enables the execution of stages 3, 4 and 5 of Jaguar's gradual resumption plan. The Satinoco dry-stacked pile incident, which led to the temporary suspension of operations, has been effectively removed from service, with no additional material to be placed on that stack. Demonstrating the company's pro-active approach and unwavering commitment to the future, Jaguar commissioned a new, state-of-the-art tailings facility recently, fully ready to support the revitalized operations at the MTL complex.

The actual resumption of operations is conditional upon a final clearance from the Environmental Emergency Office. The NEA is independent from ANM and is exclusively responsible for overseeing environmental matters. The lifting of the NEA embargo order is subject to the NEA's review of the ANM's decision to allow operations at MTL to resume. Immediately upon receipt of the ANM decision, Jaguar submitted this decision to NEA. Jaguar awaits acknowledgment from NEA so that operations at MTL mining complex may resume.

"This is an incredibly significant milestone for Jaguar," added Mr. Tondo. "Our dedicated teams have worked tirelessly, not just to meet, but to exceed the required safety standards, fundamentally strengthening our operational protocols. The approval of ANM is a powerful affirmation of our sincere commitment to the safety and well-being of our employees, the community and the environment. While we still need to wait for NEA's final response to lift this final barrier, we expect the imminent restart of the Turmalina mine and plant at the MTL complex to be a turning point for the company, injecting immense energy into our ambitious strategy for sustained growth and success throughout 2026 and well beyond."

About Jaguar Mining Inc.

Jaguar 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 MTL complex (Turmalina mine and plant) and Caete complex (Pilar and Roca Grande mines and Caete plant). The Roca Grande mine has been on temporary care and maintenance since April, 2019. The company also owns the Paciencia complex (Santa Isabel mine and plant), which had been on care and maintenance since 2012 and is under review to restart in 2026.

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