Jaguar announces John Welton appointed to Board of Directors

    TORONTO, July 7 /CNW/ - Jaguar Financial Corporation ("Jaguar")
(TSX: JFC) is pleased to announce that John Welton has been appointed to the
Board of Directors, bringing the total number of Jaguar Directors to five. Mr.
Welton also joins Jaguar's Audit, Compensation and Investment committees.
    "John is a very experienced businessman. We are very pleased to welcome
John to our Board," stated Vic Alboini, Chairman and Chief Executive Officer
of Jaguar.
    Mr. Welton, also a director of Added Capital Corp (TSX-V: LS), has over
50 years of experience in business in Canada and the United States, as a
residential and commercial developer with interests in several other areas
including a junior oil and gas producer in Calgary, Alberta. Mr. Welton was
also a principal of a limestone quarry operation in Newfoundland which
delivered aggregate by self-unloading ships to the United States along the
eastern seaboard. Mr. Welton is also involved with a Canadian company,
expanding into the United States, producing environmentally-friendly,
biodegradable kraft paper containers for yard and leaf waste as well as
recyclable kitchen waste bags. He is the former President and Director of a
tennis, squash and fitness facility in Mississauga, 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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