Jaguar Mining Enterprises, Inc. Retains MicroCap Management, LLC as Its Lead Corporate Communications and Broker Relations Firm

RICHMOND, TX--(Marketwire - August 18, 2009) - Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR), an independent mining company engaged in the acquisition,
development, and exploitation of iron ore primarily mined in Mexico,
announced today that the Company's Board of Directors has approved MicroCap
Management, LLC as the front-runner of its full media campaign. MicroCap
Management has created a strategic corporate communications media plan that
will provide a launch pad for Jaguar's present and future business, driven
by the progressive vision of the Company's Senior Executive Officers.

Dale E. Williams, President and CEO of Jaguar Mining Enterprises, Inc.,
commented, "We are very excited to have MicroCap Management involved to
assist us in increasing the awareness of Jaguar Mining Enterprises in the
marketplace." William Sears, Managing Director of MicroCap Management, LLC,
stated, "We are thrilled to have Jaguar Mining Enterprises, Inc. on board,
and we're extremely enthusiastic about the future of this program."

MicroCap Management, LLC, headquartered in Westminster, Colorado, is a
Corporate Communications Firm that utilizes business-to-business marketing
strategies and extensive relationships with major investment web portals,
including its own online financial publication which can be accessed at
www.microcapmanagement.com, to promote growth for publicly traded
companies. Its Managing Directors possess 30+ years' experience in
marketing and advertising for OTC and Fortune 500 companies.

MicroCap Management's core philosophy is to allow its corporate clients to
focus on their core business while MicroCap Management, LLC manages its
corporate communications, and in doing so has taken microcap companies that
were once acorns to a market penetration level of mature oak trees. As a
side benefit, these strategies often assist in building the consumer
markets as well, which in turn can contribute to help increase the client's
revenue.

Additionally, MicroCap Management's programs help companies meet
pre-requisite criteria to qualify for listing on premier exchanges such as
NASDAQ, AMEX and NYSE.

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. We specialize in the exploitation of iron ore mines with proven
reserves.

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.

To view full disclosure and disclaimer, please visit the MicroCap
Management, LLC home page at www.microcapmanagement.com.