Jaguar Mining Announces Change to Board of Directors __________________________________________________________________________________________
NEWS RELEASE
December 11, 2019 TSX: JAG
FOR IMMEDIATE RELEASE
Jaguar Mining Announces Change to Board of Directors
__________________________________________________________________________________________
Toronto, December 11, 2019 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is pleased to
announce Mr. Rodney Lamond, current Director on the Board, has been named Chairman of the Board effective
December 9, 2019. Mr. Thomas Weng, current Chairman of the Board, has chosen to step down, but will continue
to serve on the Board of Jaguar Mining.
With more than 30 years of global mining experience across North America, South America and Australia, Mr .
Lamond brings deep expertise in operations, projects and business development in the precious metals sector to
support the future growth and performa nce of Jaguar Mining. Mr. Lamond currently serves as President and CEO
of Jerritt Canyon Gold.
“I am delighted to take on the post of Chairman to support the continued evolution of Jaguar Mining. During my
tenure with Jaguar , the Company has focused on building its sustainable production profile delivering steady
improvements in operational execution as well as significant exploration success. With a stable cash position, I look
forward to working with the Board, Vern Baker, CEO, and the management team to ensure we continue making the
right investments to unlock the true value of our quality Brazilian assets. On behalf of the Board, we thank Tom for
his contributions as Chairman over the past year and look forward to his continued support.”
About Rodney Lamond
Mr. Lamond is President and CEO of Jerritt Canyon Gold LLC, a growing mid-tier North American gold producer.
Previously, Mr. Lamond was President and CEO of Jaguar Mining from December 2015 to August 2018. Mr.
Lamond was also the President and CEO of Crocodile Gold , a gold producer with assets in Australia, prior to the
2015 business combination with Newmarket Gold (now Kirkland Lake Gold). Mr. Lamond holds a Bachelor of
Engineering degree in Mining Engineering from Laurentian Univ ersity and is member of the Association of
Professional Engineers of Ontario.
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 64,000 hectares. The Company's principal operating assets are
located in the Iron Quadrangle, a prolific greenstone belt in the stat e of Minas Gerais and include the Turmalina
Gold Mine Complex and Caeté Mining Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company
also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. The Roça
Grande Mine has been on temporary care and maintenance since April 2018. Additional information is available on
the Company's website at www.jaguarmining.com.
For further information please contact:
Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
416-847-1854
2
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
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 the purpose of
providing information about management's expectations and plans relating to the future. All of the forward -looking
information made in this news release is 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 by the use of words such as "are expected," "is forecast," "is targeted," "approximately,"
"plans," "an ticipates," "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 statement s, 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,
expected sales, production statistics, ore grades, tonnes mil led, recovery rates, cash operating costs,
definition/delineation drilling, the timing and amount of estimated future production, costs of production, capital
expenditures, costs and timing of the development of projects and new deposits, success of explor ation,
development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions,
restarting suspended or disrupted operations, continuous improvement initiatives, and resolution of pending
litigation. The Compan y has made numerous assumptions with respect to forward -looking information contained
herein, including, among other things, assumptions about the estimated timeline for the development of its mineral
properties; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and
resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of
necessary permits; market competition; ongoing relations with employees and impacted communities; political and
legal developments in any jurisdiction in which the Company operates being consistent with its current expectations
including, without limitation, the impact of any potential power rationing, tailings facility regulation, explo ration and
mine operating licenses and permits being obtained an d renewed and/or there being adverse amendments to
mining or other laws in Brazil and any changes to general business and economic conditions. Forward -looking
information involves a number of known and unknown risks and uncertainties, including among others: the risk of
Jaguar not meeting the forecast plans regarding its operations and financial performance; uncertainties with respect
to the price of gold, labour disruptions, mechanical failure s, increase in costs, environmental compliance and
change in environmental legislation and regulation, weather delays and increased costs or production delays due
to natural disasters, power disruptions, procurement and delivery of parts and supplies to th e operations;
uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an
uncertain ability to raise new capital) and other risks inherent to the gold exploration, development and production
industry, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company
and described herein. In addition, there are risks and hazards associated with the business of gold exploration,
development, mining and production, including environmental hazards, tailings dam failures, industrial accidents
and workplace safety problems, unusual or unexpected geological formations, pressures, cave -ins, flooding,
chemical spills, procurement fraud and gold bullion thefts and losses ( and the risk of inadequate insurance, or the
inability to obtain insurance, to cover these risks). 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 www.sedar.com. 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 discla ims 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.