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JAG.TO ·

Jaguar Mining Confirms No Material Change

Regulatory & Compliance

JAGUAR MINING INC.

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

NEWS RELEASE

July 26, 2017 2017 – 13

FOR IMMEDIATE RELEASE TSX:JAG

Jaguar Mining Confirms No Material Change

Toronto, Canada, July 26, 2017 - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) at the request of IIROC,

wishes to confirm that its management is not aware of any corporate development, news or undisclosed material change to

the Company or its operations that would account for the recent volatility in the stock market activity.

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 192,000 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 bee n 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

Hashim Ahmed

Chief Financial Officer

[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 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 expec ted”, “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, 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 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 i s 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.