Jaguar announces acquisition of Equity Interest in Tiomin

    TORONTO, Sept. 19 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX:
JFC) announced its acquisition today of 760,000 common shares of Tiomin
Resources Inc. ("Tiomin"; TSX: TIO) representing approximately 0.17% of the
total issued common shares of Tiomin. The Tiomin shares were acquired on the
Toronto Stock Exchange for investment purposes at an average price of $0.055
per share. Combined with the Tiomin common shares previously owned, Jaguar now
owns a total of 44,681,000 common shares, representing approximately 10.03% of
the total issued common shares of Tiomin. Jaguar acquired the 44,681,000
common shares at an average cost of $0.036 per share.
    Jaguar believes the common shares of Tiomin are undervalued and wishes to
assist in the enhancement of shareholder value.

    About Jaguar Financial Corporation

    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: Vic Alboini, Chairman & Chief Executive
Officer, (416) 644-8110; or Kyler Wells, General Counsel & Corporate
Secretary, (416) 644-8177

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Jaguar Financial Corporation

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