Jaguar Financial announces acquisition of additional equity interest in Royal Laser

    TORONTO, Jan. 21 /CNW/ - Jaguar Financial Inc. ("Jaguar" or the
"Company") (TSX: JFI) announced its acquisition of an additional 2,569,500
common shares of Royal Laser Corp. ("Royal Laser"; TSX: RLC) representing
approximately 2.56% of the total issued common shares of Royal Laser since its
press release of January 2, 2008. The Royal Laser shares were acquired on the
Toronto Stock Exchange for investment purposes. Combined with the Royal Laser
common shares previously owned, Jaguar now owns a total of 14,771,500 common
shares, representing approximately 14.7% of the total issued common shares of
Royal Laser.
    Jaguar believes the common shares of Royal Laser are undervalued and
wishes to assist in the enhancement of shareholder value. Jaguar also owns
21.6% of the common shares of Added Capital Corp. ("Added"), which wholly owns
Lakeside Steel Corporation ("Lakeside"). Jaguar believes there may be
strategic opportunities between Royal Laser and Lakeside, including the
possibility of a business combination between the companies. Jaguar may,
depending on market and other conditions, acquire additional common shares of
Royal Laser, through market transactions, private agreement or otherwise.
Jaguar may, depending on market or other conditions, sell any or all of its
common shares of Royal Laser.

    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.

    %SEDAR: 00002498E

For further information:

For further information: on this press release, please contact: Vic
Alboini, Chairman and Chief Executive Officer, (416) 644-8110

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