Jaguar announces review of original listing requirements

    TORONTO, April 25 /CNW/ - On February 23, 2007 Jaguar Nickel Inc.
("Jaguar" or the "Company") (TSX: JNI) announced its change in business from a
mineral exploration company to a merchant bank focused on making investments
in undervalued companies in various sectors. As a result of the change in
business, it will be necessary for the Company to demonstrate to the Toronto
Stock Exchange ("TSX") that it meets the original listing requirements.
    The Company is confident that it will meet the original listing
requirements for industrial companies which include net tangible assets of
$7,500,000 and satisfactory evidence of pre-tax profitability of a minimum
$200,000 and a minimum of $500,000 in pre-tax cash flow in the current or next
fiscal year, and adequate working capital. The Company has approximately
$26 million in cash and securities. If the Company is unable to satisfy the
original listing requirements, the TSX will initiate a review of the listing
of the Company's shares on the TSX.

    About Jaguar

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

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Jaguar Financial Corporation

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