Jaguar Reports Q3 2015 Gold Production

All Dollar amounts are in thousands of U.S. dollars unless stated otherwise  

Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX-V: JAG) reported gold production of 25,235 ounces in Q3 2015 (Q3 2014 - 22,374 ounces) while 223,000 tonnes of ore was processed in Q3 2015 (Q3 2014 - 249,000 tonnes) at an average grade of 3.90 grams per tonne (Q3 2014 - 3.13 grams per tonne).

During Q3 2015, total tonnes milled decreased by 10% compared to Q3 2014, whereas the average grade milled increased by 25% compared to the same period in 2014. This was primarily due to availability of higher grade stopes, improved ground conditions and an overall focus on grade control. Mill recoveries for the quarter averaged 90% (Q3 2014 - 89%). 

Commenting on Q3 2015 production results, George Bee , President and CEO of Jaguar, stated:

Details of the Company's financial performance, including capital and operating costs, will be included in its third quarter 2015 financial results. Outlined below is the Company's cash and gold bullion position as at September 30, 2015 .

Jaguar is a gold producer with mining operations in a prolific greenstone belt in the state of Minas Gerais, Brazil . Additionally, Jaguar wholly owns the large-scale Gurupi Development Project in the state of Maranhão, Brazil . In total, the Company owns mineral claims covering an area of approximately 197,000-hectares. Additional information is available on the Company's website at http://www.jaguarmining.com.

FORWARD-LOOKING STATEMENTS

Derrick Weyrauch , Chief Financial Officer, +1-416-628-9601, dweyrauch@jaguarmining.com