Jaguar Financial announces acquisition of equity interest in Blue Note

    TORONTO, Aug. 14 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX:
JFC) announced its acquisition today of 30,737,700 common shares of Blue Note
Mining Inc. ("Blue Note"; TSX: BN) representing approximately 8.5% of the
total issued common shares of Blue Note. The Blue Note shares were acquired on
the TSX for investment purposes. Combined with the Blue Note common shares
previously owned, Jaguar now owns a total of 40,992,100 common shares,
representing approximately 11.3% of the total issued common shares of Blue
    Jaguar believes the common shares of Blue Note are undervalued and wishes
to assist in the enhancement of shareholder value. Jaguar may, depending on
market and other conditions, acquire additional common shares of Blue Note,
through market transactions, private agreement or otherwise. Jaguar may,
depending on market or other conditions, sell any or all of its common shares
of Blue Note.

    About Jaguar Financial Corporation

    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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