JAGR Green Street Capital Corporation (CE)

Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) is pleased to provide an update on pre-production operations on the Cascaronal Project as well as an outlook on its Mexican operations and strategy for the Company.

Jaguar CEO Dale Williams commented: "One of the reasons that iron ore is an enticing area for investment and is attracting attention from investors is the prospect of increasing demand as steelmakers recover. Recently, Rio Tinto Group, the third largest mining company in our industry, raised its 2009 forecast after a strong performance in the second and third quarters. The world's strengthening economy and China's increasing demand for steel under its economic stimulus program has worked against the push for lower-priced iron ore, and we plan to begin production on our Cascaronal Project in time to participate in what we feel will be an upswing in iron ore prices going forward."

Jaguar is currently finalizing its pre-production plans for the Cascaronal Project including equipment leases, facilities, transportation and permitting. During upcoming meetings in Manzanillo, Mexico, senior management will also be negotiating with buyers in an effort to insure a smooth and timely transition to full production, scheduled to commence once permitting has been secured.

With the impending announcement of the Cascaronal Project achieving commercial production, Jaguar plans to make its mark as a reliable producer and provider of iron ore to key international markets. Mr. Williams said, "The iron ore mining and processing experience of our technical team will be a vital component for a successful transition. Additionally, it is most important for an iron ore producer to have access to reliable transportation and port facilities in order to leverage the opportunities of international demand. Jaguar is in the process of securing both."

Outlook

Jaguar plans to convert the Cascaronal Mine from pre-production to production, with the mine being brought up to full production within 120 days thereafter. The company anticipates that it will be cash flow positive at the end of 2010, with revenue of $4.5 million and earnings of $.02 per share. Thereafter, Jaguar is forecasting a 300% increase in annual revenues by fiscal year end in 2012 based solely upon the estimated reserves of the mining leases it currently holds.

Jaguar intends to build upon the platform of assets, production, and cash flow established over the next 12 months. The growth profile of Jaguar will include three primary areas of focus: organic growth of production at the Cascaronal Project; the development of two additional mines in Colima, Mexico; and potential acquisitions of other junior mining operations.

About Jaguar Mining Enterprises, Inc.:

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs. For additional information regarding Jaguar Mining Enterprises please visit: www.jaguarminingenterprises.com

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially form the expected results.

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Contact: Jaguar Mining Enterprises, Inc. Dale E. Williams 1860 FM 359, #177 Richmond, TX 77406 Phone: (281) 712-1235 Fax: (281) 520-4378 Email: inquiry@jaguarminingenterprises.com Website: www.jaguarminingenterprises.com