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Jaguar Mining Announces Untimely Passing of its Chairman __________________________________________________________________________________________

Management Changes

NEWS RELEASE

March 16, 2020 TSX: JAG

FOR IMMEDIATE RELEASE

Jaguar Mining Announces Untimely Passing of its Chairman

__________________________________________________________________________________________

Toronto, March 16, 2020 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is sad to announce

the unexpected passing of its Chairman Rodney Lamond. Rodney was also the CEO of Jerritt Canyon Gold and a

Board member of Stratabound Minerals Inc.

The Board of Directors issued the following statement: "We are shocked and greatly sad dened by the passing of

Rodney Lamond . He was a well-respected leader, a devoted father to his children and a good friend. The

Company's directors and employees, as well as the many people he worked with and mentored over the years,

mourn his loss. We extend our sympathies to his family."

Mr. Lamond serve d the Company from December 2015 to August 2018 as President and CEO, and later was

appointed as the Chairman in December 2019. The Board of Directors has appointed Jeff Kennedy as Acting

Chairman, who has been with the company since August 2019 as a Board member.

About Jaguar Mining Inc.

Jaguar Mining Inc. is a Canadian -listed junior gold mining, development, and exploration company operating in

Brazil with two 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 state of Minas Gerais and include the Turmalina

Gold Mine Complex and Caeté Mining Complex (Pilar Mine 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 care and ma intenance since April 2018. Additional information is available on the Company's website at

www.jaguarmining.com.

For further information, please contact:

Vern Baker

Chief Executive Officer

Jaguar Mining Inc.

[email protected]

416-847-1854

Hashim Ahmed

Chief Financial Officer

Jaguar Mining Inc.

[email protected]

416-847-1854