Jaguar Financial announces acquisition of additional common shares of Telehop Communications Inc.

    TORONTO, June 25 /CNW/ - Jaguar Financial Inc. ("Jaguar") (TSX: JFI)
announced its acquisition of 44,000 common shares of Telehop Communications
Inc. ("Telehop") (TSX-V: HOP). The Telehop shares were acquired in the normal
course on the Toronto Stock Exchange for investment purposes. The highest
price paid by Jaguar for the Telehop shares acquired today was $0.67 per share
and the average price paid was $0.67 per share. Combined with the Telehop
common shares previously owned, Jaguar now owns a total of 2,309,000 common
shares, representing approximately 17.3% of the total issued common shares of

    About Jaguar Financial Inc.

    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: on this press release, please contact: Kyler
Wells, General Counsel, (416) 644-8177

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Jaguar Financial Corporation

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