Jaguar Mining Inc. announced the appointment of its Chief Executive Officer Vernon Baker to the Company's Board of Directors (the "Board"), effective immediately. Vernon was appointed Chief Executive Officer of Jaguar on August 6, 2019, following an extensive search conducted by the Company. With today's appointment of Vernon as a Director, the Board now consists of eight members, six of whom are independent.

Jeff Kennedy, Chairman, commented that after over four years as Chief Executive Officer, Vernon's additional contributions as a member of the Board will be valuable. Vernon's appointment as a Director of the Company shall be until the next annual general meeting of the Company's shareholders, when his continuation as a director shall be subject to nomination and election by the Company's shareholders. Vernon has 40 years of mining industry experience.

He has extensive management and operations expertise at globally focused mid-tier and senior mining companies. Prior to joining Jaguar, Vernon was General Manager at Goldcorp's Cerro Negro Mine in Argentina, overseeing 3,000 tonnes per day of high-grade production and implementing programs to reduce costs, grow production and development, and leading strong safety improvement to achieve an AIFR of 0.28 in 2017. Previously, Vernon held management and senior leadership roles with various mining companies including President at Duluth Metals Limited, Vice President of Operations at FNX Mining, General Manager at Barrick Goldstrike Mines Inc., and General Manager of Hemlo Operations, a Joint Venture of Teck Cominco and Barrick Gold.