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JAG.TO ·

Jaguar Mining Announces Results from Annual General and Special Meeting of Shareholders

Shareholder Meetings

NEWS RELEASE

June 5, 2017 2017 – 08

FOR IMMEDIATE RELEASE TSX:JAG

Jaguar Mining Announces Results from

Annual General and Special Meeting of Shareholders

Toronto, Canada, June 5, 2017 - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) announced today the

voting results from its annual general and special meeting of shareholders held on June 5, 2017 (the “Meeting”).

Election of Directors

Each of the nominees for election as directors listed in the Company’s management information circular dated April 25, 2017

were elected as directors of the Company for the ensuing year or until their successors are elected or appointed. The voting

results for the election of directors were as follows:

Other Items

All other resolutions tabled at the Meeting were successfully approved by shareholders, including; (i) the reappointment of

KPMG LLP, Chartered Accountants, as auditors of the Company; (ii) the fixing of the number of directors of the Company at

seven; (iii) the passing of a special resolution to authorize and empower the directors of the Company to, following the

completion of the Meeting, by resolution of the directors, determine from time to time the number of directors of the Company,

subject to the Company’s articles and the applicable limits described in the Business Corporations Act (Ontario); and (iv) the

creation and adoption of new articles of the Company. Voting results for all resolutions can be found under Jaguar’s profile

at www.sedar.com.

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 located in the Iron

Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caeté

Gold Mine Complex (Pilar and Roça Grande mines, and Caeté Plant) which combined, produce more than 95,000 ounces

of gold annually. The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance

since 2012. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

Rodney Lamond

President & Chief Executive Officer

[email protected]

416-847-1854

Joanne Jobin

Vice President, Investor Relations

[email protected]

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 manage ment'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 by the use of 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, production statistics, the timing and

amount of estimated future production, costs and timing of the development of projects and new deposits, success of exploration, development and

mining activities, and restarting suspended or disrupted operations. The Company 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

Nominee Votes For % For Votes Withheld % Withheld

Richard Falconer 250,987,795 99.98 60,343 0.02

John Ellis 240,343,457 95.74 10,704,681 4.26

Robert Getz 240,539,881 95.81 10,508,257 4.19

Rodney Lamond 250,988,057 99.98 60,081 0.02

Luis Miraglia 224,872,222 89.57 26,175,916 10.43

Edward Reeser 240,343,413 95.74 10,704,725 4.26

Thomas Weng 250,572,767 99.81 475,371 0.19

2

JAGUAR MINING INC.

First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T- 416 847 1854

impacted communities; political and legal developments in any jurisdiction in which the Company operates being consistent wit h its current

expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation, explor ation and mine operating

licenses and permits being obtained an renewed and/or there being adverse amendments to mining or other l aws in Brazil and any changes to

general business and economic conditions. Forward-looking information involve 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, labor disruptions, mechanical failures, increase in costs, environmental compliance and change in environmenta l 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 the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuat ion 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 a ddition, there are risks and hazards

associated with the business of gold exploration, development, mining and production, including environmental hazards, tailin gs dam failures,

industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, and

gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these ri sks). 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 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.