Jaguar Mining Comments on the OSC’s Allegations Involving the Company’s Chairman __________________________________________________________________________________________
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
December 23, 2022
NEWS RELEASE FOR IMMEDIATE RELEASE TSX:JAG, OTCQX:JAGGF
Jaguar Mining Comments on the OSC’s Allegations Involving the Company’s Chairman
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TORONTO, December 23, 2022 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) Jaguar Mining
Inc. ("Jaguar" or the "Company") (TSX:JAG, OTCQX:JAGGF) has the following comments about recent allegations
concerning the Company’s Chairman.
On November 9, 2022, the Ontario Securities Commission (“OSC”) issued a Statement of Allegations involving
William Jeffrey Kennedy, along with other market participants, regarding a capital markets transaction that occurred
in March 2017, approximately 2.5 years prior to Mr. Kennedy joining Jaguar Mining Inc.’s board of directors in
September 2019. The full text of the allegations and other documents related to the proceeding can be found on
the website of the Capital Markets Tribunal at: https://www.capitalmarketstribunal.ca/en/proceedings/cormark-
securities-inc-re.
None of the OSC’s allegations involve any business or capital markets activities of Jaguar. Jaguar is not a
respondent, and the Company does not expect to be participating in the proceeding. Jaguar will be paying close
attention to the proceeding.
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. 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
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 2019. Additional information is available on the Company's website at www.jaguarmining.com.
For further information please contact:
Vernon Baker
Chief Executive Officer
Jaguar Mining Inc.
416-847-1854
Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
416-847-1854