Jaguar Mining Provides Update on Sprott Facility
NEWS RELEASE
June 13, 2017 2017 – 11
FOR IMMEDIATE RELEASE TSX:JAG
Jaguar Mining Provides Update on Sprott Facility
Toronto, Canada, June 13, 2017 - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX :JAG)
announced today that it has closed a secured loan facility (the “Sprott Facility”) with Sprott Private
Resource Lending (Collector) LP (“Sprott Lending”) on June 9, 2017.
The Company entered into a preliminary agreement with Sprott Lending on May 10, 2017 for an
additional tranche (“Tranche 2”) of US$5.0 million on terms substantially similar to those of the secured
loan facility that Jaguar entered into with Sprott Lending on November 7, 2016 (see news release dated
November 8, 2016).
Tranche 2 was closed on June 9, 2017, and is for a term of 36 months with an interest rate of 6.5% per
annum, plus the greater of US dollar LIBOR and 1.25% per annum. In partial consideration for providing
the financing commitment, the Company issued 375,000 common shares, subject to a four month hold
period, to Sprott Lending on the closing date.
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 (“Mineração Turmalina Ltda” or
“MTL”) and Caeté Gold Mine Complex (“Mineração Serras do Oeste Ltda” or “MSOL”) 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
416-847-1854
Joanne Jobin
Vice President, Investor Relations
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 set forth in this news release is qualified by the
cautionary statements below and those made in our other filings with the securities regulators in Canada. Forwar d-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 state ments, other than
statements of historical fact, may be considered to be or include forward-looking information. These forward-looking statements are made
as of the date of this news release and the dates of technical reports, as applicable. This news release contains forward-looking
information regarding potential and, among other things, expected production, statistics, ore grades, tonnes milled, recovery rates, cash
operating costs, and definition/delineation drilling at the Turmalina Gold Mine, the timing and amount of estimated future production, costs
of production, capital expenditures, cos ts and timing of the development of projects and new deposits, success of exploration,
development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, and co ntinuous
improvement initiatives. The Company has made numerous assumptions with respect to forward -looking information contained herein,
including, among other things, assumptions about the estimated timeline and for the development of the drill program at the Turmalina
Gold Mine and 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 pe rmits;
market competition; ongoing relations with employees and impacted communities; and political and legal developments in any jurisdiction
in which the Company operates being consistent with its current expectations including, without limitation, the impact of any potential
power rationing, tailings facility regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there
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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
being adverse amendments to mining or other laws in Brazil and any changes to general business and economic cond itions. Forward-
looking information involves a number of known and unknown risks and uncertainties, including among others: the risk of Jaguar not
meeting the forecast plans regarding its opera tions and financial performance; uncertainties with respect to the price of gold, labor
disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental legislation and reg ulation,
weather delays and increased costs or production delays due to natural disasters, power disruptio ns, procurement and delivery of parts
and supplies to the operations; 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 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 ad dition, there
are risks and hazards associated with the business of gold exploration, development, mining and production, including without limitation
environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geolo gical
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 risks). Although we have attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ materially from those a nticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information.