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Jaguar Mining Announces Non-Brokered Private Placement

TORONTO, Jun 05, 2017 (PR Newswire Europe via COMTEX) — /NOT

TORONTO, June 6, 2017 /PRNewswire/ — Jaguar Mining Inc.
(“Jaguar” or the “Company”) today announced its intention to
complete a non-brokered private placement financing (the
“Offering”). The Company has received Subscription Offers
(“Offers”) from a number of qualified investors.

Pursuant to the Offering, the Company will issue common shares
at a price of Cdn$0.44 per share for gross proceeds of
approximately US$6 million. Newly issued shares will be subject
to a four month hold period. The Offering is expected to close
on or prior to June 15, 2017, or such other date as the Company
may determine, and is subject to receipt of approval of the
Toronto Stock Exchange (“TSX”).

Net proceeds from the sale of shares will be used for
continuing capital investment programs, and working capital
needs at the Company’s Brazilian operations located in Minas
Gerais, Brazil.

About Jaguar Mining Inc. Jaguar Mining Inc. is a
Canadian-listed junior gold mining, development, and
exploration company operating in Brazil with three gold mining
complexes, and a large land package with significant upside
exploration potential from mineral claims covering an area of
approximately 191,000 hectares. The Company’s principal
operating assets are in the Iron Quadrangle, a prolific
greenstone belt in the state of Minas Gerais and include the
Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar
and Roça Grande mines, and Caete Plant) which combined, produce
more than 95,000 ounces of gold annually. The Company also owns
the Paciencia Gold Mine Complex, which has been on care and
maintenance since 2012. Additional information is available on
the Company’s website at [].

The common shares have not been and will not be registered
under the U.S. Securities Act or any state securities laws, and
may not be offered or sold in the United States absent
registration or an applicable exemption from such registration
requirements. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the common
shares in the United States or in any jurisdiction in which
such offer, sale or solicitation would be unlawful.

FORWARD-LOOKING STATEMENTS Certain statements in this news
release constitute “forward-looking information” within the
meaning of applicable Canadian securities legislation.
Forward-looking statements and information are provided for
providing information about management’s expectations and plans
relating to the future. All of the forward-looking information
made in this news release are qualified by the cautionary
statements below and those made in our other filings with the
securities regulators in Canada. Forward-looking information
contained in forward-looking statements can be identified using
words such as “are expected”, “is forecast”, “is targeted”,
“approximately”, “plans”, “anticipates” “projects”,
“anticipates”, “continue”, “estimate”, “believe” or variations
of such words and phrases or statements that certain actions,
events or results “may”, “could”, “would”, “might”, or “will”
be taken, occur or be achieved. All statements, other than
statements of historical fact, may be considered to be, or
include forward looking information. This news release contains
forward-looking information regarding, among other things,
expectation regarding whether the Offering will completed and
the timing thereof and expectations regarding the use of
proceeds of the Offering. The Company has made numerous
assumptions with respect to forward-looking information
contained herein. Forward-looking information involve a number
of known and unknown risks and uncertainties, which, if
incorrect, may cause actual results to differ materially from
those anticipated by the Company and described herein.
Accordingly, readers should not place undue reliance on
forward-looking information.

For additional information with respect to these and other
factors and assumptions underlying the forward-looking
information made in this news release, see the Company’s most
recent Annual Information Form and Management’s Discussion and
Analysis, as well as other public disclosure documents that can
be accessed under the issuer profile of “Jaguar Mining Inc.” on
SEDAR at []. The
forward-looking information set forth herein reflects the
Company’s reasonable expectations as at the date of this news
release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required
by law. The forward-looking information contained in this news
release is expressly qualified by this cautionary statement.

For further information: Rodney Lamond, President & Chief
Executive Officer,,
416-847-1854; Joanne Jobin, Vice President, Investor Relations,, 416-847-1854

Web site:

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