Jaguar Financial Inc. (TSX: JFI) purchase of additional shares of Northern



    TORONTO, March 19 /CNW/ - Vic Alboini and Jaguar Financial Inc. ("Mr.
Alboini" and "Jaguar") announced the purchases of an aggregate of 197,123
common shares ("Common Shares") of Northern Financial Corporation (TSX:NFC)
("Northern").
    Jaguar acquired 112,000 common shares of Northern, representing
approximately 1.1% of Northern's total issued shares. Mr. Alboini, the
Chairman and Chief Executive Officer of Northern and Chairman and Chief
Executive Officer of Jaguar acquired 85,123 common shares of Northern
representing approximately 0.9% of Northern's total issued shares. 22,500 of
the 85,123 common shares are held in the RRSP of Mr. Alboini's wife, Lesley
Alboini.
    The Common Shares acquired, together with the Common Shares of Northern
owned or controlled by Mr. Alboini and Jaguar prior to the transactions,
resulted in Mr. Alboini and Jaguar owning or controlling 2,914,518 and 112,000
Common Shares of Northern, respectively, representing approximately 29.6% and
1.1% of the currently issued and outstanding Common Shares of Northern after
the transactions, respectively. In the aggregate, Mr. Alboini and Jaguar own
or control 3,026,518 Common Shares of Northern, representing approximately
30.7%, of the currently issued and outstanding Common Shares of Northern after
the transactions
    The Common Shares were acquired by Mr. Alboini and Jaguar for investment
purposes. Mr. Alboini and/or Jaguar may, directly or indirectly, depending on
market and other conditions, acquire beneficial ownership of, control or
direction over, additional Common Shares, through market transactions, private
agreements or otherwise. Mr. Alboini and/or Jaguar may, depending on market
and other conditions, sell any or all of their respective Common Shares.

    About Jaguar Financial Inc.

    Jaguar is a Canadian merchant bank that invests in undervalued small
capitalization companies in a variety of industry sectors.

    The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release. This news release may contain
certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under Jaguar's control which may cause actual
results, performances or achievements of Jaguar to be materially different
from those implied by such forward looking statements.





For further information:

For further information: Kyler Wells, General Counsel, Jaguar Financial
Inc., Tel: (416) 644-8177, Fax: (416) 644-0271, E-mail: kwells@northernsi.com

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Jaguar Financial Corporation

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