Jaguar Mining Announces First Gold Pour at Caeté

Wednesday, Sep 01, 2010

Jaguar Mining Inc. ("Jaguar" or "the
Company") (JAG: TSX/NYSE) announced today that the first gold pour at its
new Caeté operation was completed on August 17th. Two additional gold pours
have taken place since then for an aggregate of 3,440 ounces. Based on the
success of the initial commissioning phase at the Caeté operation,
management remains confident that the operation will be declared
'commercial' in early Q4, if not before.

Commenting on the initial gold pour at the Caeté operation, Dan Titcomb,
Jaguar's President and CEO stated, "This important milestone at Caeté is
further evidence of the ability of Jaguar's operating team in Brazil. From
breaking ground to the first gold pour, which took place over a 16-month
period, the development and commissioning of the Company's third integrated
gold processing operation has been on plan in terms of both schedule and
budget."

Jaguar's management reiterates its gold production target at the new Caeté
operation will total approximately 10,000 ounces in Q3 2010 and 20,000
ounces in Q4 2010.

Source: Canada Wire