Jaguar announces closing of continuance transaction

    TORONTO, July 3 /CNW/ - Jaguar Financial Inc. ("Jaguar") (TSX: JFI) is
pleased to announce that it closed the continuance transaction (the
"Continuance") on July 2, 2008, which was approved by shareholders at the
annual and special meeting held on June 30, 2008, in Montreal, Quebec (the
    After obtaining the requisite shareholder approval at the Meeting, Jaguar
effected a three-cornered amalgamation for the purpose of becoming organized
under the Business Corporations Act (Ontario) (the "OBCA"). As more fully
described in the information circular dated June 2, 2008, prepared in
connection with the Meeting, Jaguar Financial Corporation, a new entity
organized under the OBCA, acquired all of the assets and liabilities of Jaguar
Financial Inc. and all of Jaguar Financial Inc.'s securities were exchanged
for a like number of securities of Jaguar Financial Corporation.
    Effective July 2, 2008, the business of Jaguar is now carried on by
Jaguar Financial Corporation. The securities of Jaguar Financial Corporation
will be listed and posted for trading on the TSX under the symbol "JFC",
effective Monday July 7, 2008.
    Jaguar Financial Corporation's registered head office is Suite 2020,
145 King St. West, Toronto, Ontario.

    About Jaguar

    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, (416) 644-8177

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Jaguar Financial Corporation

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