Jaguar Mining Inc. Announces Five-Year Exploration Plan to Unlock GOLD Potential Across Brazilian Tenements __________________________________________________________________________________________
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
JAGUAR MINING INC. ANNOUNCES FIVE-YEAR EXPLORATION PLAN TO UNLOCK GOLD POTENTIAL
ACROSS BRAZILIAN TENEMENTS
__________________________________________________________________________________________
TORONTO, September 8, 2025 – Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX: JAG) is pleased to
announce a comprehensive five-year exploration plan (the “Plan”) designed to expand its gold resources and
support future production growth. This initiative has been developed to systematically explore the Company’s
extensive mineral tenements in Brazil, with a focus on both expanding existing deposits and identifying new
prospective targets.
The plan encompasses all 46,619 hectares of the Company’s mineral rights, with exploration efforts concentrated
on the most prospective areas to advance opportunities that could support fu ture resource growth and production
potential.
Key Highlights of the Five-Year Exploration Plan:
• Significant Gold Endowment Potential: This initiative is designed to investigate a total gold endowment
ranging between 4-7 million ounces across all projects , underscoring the scale of potential w ithin the
Company’s land package.
• Proposed Drilling Campaign: Between 2026 and 2030, the plan is to complete approximately 222,000
meters of drilling. This extensive program will be critical to expanding and defining the Company’s gold
resources at least at the inferred category.
• Strategic Project Focus: The plan outlines targeted exploration across key project areas , ensuring
resources are allocated to the most prospective targets with the greatest potential to advance toward
development:
o Paciência Complex: Exploration will focus on extending known mineralization at Santa Isabel ,
Marzagão (underground) and Chamé, including testing deep extensions and pursuing new
discoveries such as Bahú and BIF North. The Chamé project alone carries an estimated upside
potential of 325,000-520,000 ounces, supported by 6,175 meters of drilling scheduled to begin
in 2025.
o Caeté Complex – Roça Grande Project: Exploration will focus on areas of established potential,
including Boa Vista and Morro da Mina, alongside regional reconnaissance work at Sabará
Extension, Lavra Velha, and Zé Firme.
o MTL Complex: Exploration will focus on the Pontal project, with the goal of fully assessing all
opportunities within the area. Drilling of approximately 11,000 meters could support an estimated
upside potential of 134,000-400,000 ounces.
o Onças de Pitangui Project: Exploration will focus on infill drilling, along side exploration at
Aparição, Caldas, and Taboca targets, supporting overall resource growth.
• Systematic Exploration Approach: This plan outlines a methodical sequence of work, including
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
comprehensive geological mapping, geochemical surveys, and extensive exploration drilling. This
approach is designed to ensure efficiency and maximize the probability of new discoveries and resource
upgrades.
• Environmental Stewardship: All exploration activities will adhere strictly to environmental regulations,
including ongoing environmental licensing processes ( Simplified Environmental Licensing - LAS, and
Environmental Impact Assessment studies – EIA), reflecting the Company’s commitment to responsible
mining practices.
• Team and Technology: The plan incorporates a robust exploration team of experienced geologists and
technical personnel, supported by advanced exploration techniques and integrat ed data systems to
optimize results.
The execution of this five-year plan will include defining key targets, reviewing geological and drilling work, preparing
detailed forecasts and budgets, and ensuring timely approvals to support operational actions. This structured
framework is designed to deliver consistent progress and measurable results, creating a significant opportunity to
unlock value across the Brazilian tenements. The Company is confident that these efforts will expand the resource
base, accelerate growth, and further strengthen its position as a leading gold producer in Brazil’s prolific Iron
Quadrangle.
CAUTIONARY STATEMENT: The potential ounce quantities are conceptual in nature. There has been insufficient
exploration to define a mineral resource. It is uncertain if further exploration will result in the delineation of a mineral
resource.
Luis Albano Tondo, Chief Executive Officer of Jaguar Mining, commented: “This plan reflects our commitment
to systematically assess the significant geological potential within our portfolio. Our objective is to convert this
potential into defined resources, supporting a sustainable production growth pipeline. It combines geological
expertise with advanced exploration techniques to advance our next generation of gold mines.”
Armando Massucatto, Exploration Manager for Jaguar Mining, added: “Jaguar’s mineral rights are
strategically located in the Iron Quadrangle, one of Brazil's most prolific gold districts. Our approach was developed
using geological, geochemical, and geophysical mapping data compiled and ranked over recent years. This
rigorous process identified targets with the greatest potential for exploration success and economic viability.
Executing this strategy will strengthen our position in Brazil’s exploration landscape, increase mineral resources
and drive true organic growth for the Company.”
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
Figure 1: Distribution of five-years targets in the Iron Quadrangle, highlighting the main mineral deposits.
Figure 2: Sketch of the planned sequence of exploration work at the Paciência Complex over the next five
years.
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
Figure 3: Sketch of the planned sequence of exploration work at the MTL Complex and Onças de Pitangui
Project over the next five years.
Qualified Person
Scientific and technical information contained in this press release has been reviewed and approved by Armando
José Massucatto, PhD, FAusIMM, Exploration Manager, who is also an employee of Jaguar Mining Inc. and is a
"qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-
101").
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in
1699–1701 of gold contaminated with iron and platinum -group metals in the southeastern corner of the Iron
Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world -class
multi-million-ounce gold deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar holds the second largest
gold land position in the Iron Quadrangle with over 46,000 hectares.
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 MTL complex (Turmalina mine and plant) and Caeté complex (Pilar
and Roça Grande mines, and Caeté plant). The Roça Grande mine has been on temporary care and maintenance
since April 2019. The Company also owns the Paciência complex (Santa Isabel mine and plant), which had been
on care and maintenance since 2012 and is under review to restart in 2026. Additional information is available on
the Company's website at www.jaguarmining.com.
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
For further information please contact:
Luis Albano Tondo
Chief Executive Officer
Jaguar Mining Inc.
+55 31 99959 6337
Marina de Freitas
Interim Chief Financial Officer
+55 31-98463-5344
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", "anticipates", "projects", "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 thing s,
management's objectives, strategies, beliefs and intentions (including, without limitation, the Company’s above-stated objectives
of expanding its resource base, accelerating growth, strengthening its position in Brazil’s Iron Quadrangle, converting geological
potential into defined resources and supporting a sustainable production growth pipeline), the Company’s ability to advance its
projects, the nature, focus, timing and potential results of the Company’s exploration, development, prospecting and other mining
activities in 2025 and beyond , the timing and ability of the Company to recommence operations at its MTL complex following
the slump at its Satinoco dry tailings pile, the future stability of the aforementioned tailings pile and safety of the Turmalina mine,
and any information and statements related to expected growth, sales, production (including, without limitation, the cost, timing
and amount of any future production), ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation
drilling, capital expenditures, and the costs and timing of developing projects and new deposits . The Company has made
numerous assumptions with respect to forward -looking information contained herein, including, among other things :
assumptions about the future and long -term stability of the Satinoco tailings pile; there will be no unforeseen adverse weather
events or other external factors that could impact the Company’s plans and objectives including, without limitation, those relating
to the Company’s exploration, development and mining activities, as well as its recovery and remediation efforts; the estimated
timeline for the development of the Company’s mineral properties; the supply and demand for, and the level and volatility of the
price of, gold; currency fluctuations ; estimated capital requirements; 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 d evelopments in any jurisdiction in which the
Company operates being consistent with its current expectations , 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 its plans and estimated timelines regarding the Company’s exploration, development and
mining activities, operations and financial performance; uncertainties with respect to the price of gold, labour disruptions,
mechanical failures, increase s in costs (for environmental, weather -related, regulatory or any other reasons) , environmental
compliance and change in environmental legislation and regulation, weather delays and delays due to natural disasters, power
disruptions, procurement and delivery of parts and supplies; 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 gol d
exploration, development and production industry (including, without limitation, risks associated with environmental hazards,
tailings dam failures, industrial accidents, 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,
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JAGUAR MINING INC.
1400-25 Adelaide Street East, Toronto, Ontario M5C 3A1 T: 416-847-1854
or the inability to obtain insurance, to cover these risks), which, if incorrect, may cause actual results to differ material ly 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.sedarplus.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 forwar d-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.