Jaguar Mining Announces Completion of Early Warrant Exercise Program



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
    CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

    JAG - TSX

    CONCORD, NH, April 2 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the
"Company") (JAG-TSX) has completed its previously announced early warrant
exercise program. As of 5:00 PM EDT on Friday, March 30, 2007, 4,818,852
warrants, representing 89.3% of Jaguar's outstanding listed warrants as of
February 28, 2007, were exercised for common shares. Jaguar received
C$21.7 million from the early exercise of warrants. A copy of the final short
form prospectus dated February 27, 2007 relating to the warrant transaction
can be found under Jaguar's profile at www.sedar.com.
    Since more than two-thirds of the outstanding warrants as of February 28,
2007 were exercised by 5:00 PM EDT on Friday, March 30, 2007, any eligible
warrant that has not been so exercised during the early exercise period
(except those warrants held by U.S. warrantholders who are not accredited
investors or who are accredited investors but who did deliver a subscription
form and representation letter pursuant to the program) will be exchanged,
without any further action on the part of the warrantholder, including payment
of the exercise price or any other additional consideration, for 0.2982 of a
Common Share and shall immediately thereafter be cancelled and be of no
further force or effect. Accredited Investors who reside in the United States
and hold Jaguar warrants but who did not deliver a subscription form and
representation letter pursuant to the early warrant exercise program will have
until December 31, 2007 to exercise warrants pursuant to the terms set forth
under the original indenture.
    Blackmont Capital Inc. acted as financial advisor to Jaguar with respect
to the warrant transaction.

    About Jaguar Mining
    Jaguar Mining Inc. is one of the fastest growing gold producers operating
in a prolific greenstone belt in the state of Minas Gerais, Brazil and is
actively exploring and developing additional mineral resources at its 72,000
acre resource base. Additional information is available on the Company's
website at www.jaguarmining.com.

    This press release is not an offer of securities for sale in the United
States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended. Securities may not be
offered or sold in the United States absent registration or an exemption from
registration.
    Jaguar's securities have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered, sold or resold in the United
States or to a U.S. person absent registration or an applicable exemption from
the registration requirements.




For further information:

For further information: Investors and analysts: Bob Zwerneman, Director
of Investor Relations, (603) 224-4800, bobz@jaguarmining.com; Media inquiries:
Valéria Rezende DioDato, Director of Communication, (603) 224-4800,
valeria@jaguarmining.com


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