BRIEF

on Jaguar Mining, Inc. (CVE:JAG)

Jaguar Mining Announces Strategic Leadership Changes

Jaguar Mining Inc. has unveiled key management changes to bolster its leadership for future growth. Effective June 1, 2025, Luis Albano Tondo will step in as Deputy CEO, transitioning to CEO on August 1 following Vernon Baker's tenure. Tondo brings extensive mining expertise, enhancing Jaguar's strategic direction. Baker's leadership witnessed stability through challenges like the dry-stack slump at the MTL Complex.

Alfred Colas, CFO, departs on May 31, succeeded by Marina Fagundes de Freitas as Interim CFO. With 14 years at Jaguar, her financial acumen is expected to support the company's objectives. These adjustments reflect Jaguar's commitment to strengthening its executive framework.

The company's board expresses gratitude to Baker and Colas for their contributions and looks towards Tondo and de Freitas' leadership in advancing Jaguar's mining operations in Brazil.

R. E.

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