THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES, FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW

Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX-V: JRI) announced today, pursuant to an executed Letter Agreement dated January 8, 2019, that Jaguar has received a stand-by Letter of Credit (the "LC") for $132 Million USD. The letter has been issued from a large European based Bank. The letter is for the term of forty five days from the date of issuance for the benefit of Jaguar Resources Inc. The Company has agreed to pay to the Issuing Lender a fee of for this service. It will be used for to evaluate International and USA assets. It cannot be used to evaluate or purchase of any Canadian Assets. The Jaguar board of directors has approved the issuance of the LC on January 7, 2019.

For further information please contact:

Corbin Blume, CEO

Jaguar Resources Inc.

730, 1015 - 4th Street SW

Calgary, Alberta T2R 1J4

Main Phone (403) 975-4009

Fax (403) 264-5455

Email: ahblume@shaw.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Common Shares may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States.