Jaguar Mining commences drilling at Chame target

Jaguar Mining (JAGGF) announced the commencement of drilling activities at the Chame target, located three kilometres southeast of the Santa Isabel mine within the Company’s Paciencia complex in Brazil’s prolific Iron Quadrangle. Drilling began on November 21, 2025, with the first phase comprising 12 drill holes totaling 3,040 meters. The program is designed to evaluate the potential for a near-surface, open-pittable operation and is part of the Company’s five-year Exploration Plan. “Our corporate growth strategy clearly outlines that significant growth is expected to come from green field exploration on ground currently held by Jaguar,” commented Luis Albano Tondo, CEO. “Chame was chosen as the highest priority target due to its proximity to an existing processing facility, its near-surface mineralization and the extensive information that can be gathered from the historic workings which left several shallow pits and trenches where early artisanal miners successfully accessed mineralization. We are excited about the potential at Chame and look forward to issuing drilling results as we progress through this phase of our plan.”