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Message: Graduation BULLETIN DATE: August 2, 2016

JAGUAR MINING INC. ("JAG")BULLETIN TYPE: GraduationBULLETIN DATE: August 2, 2016TSX Venture Tier 2 Company

TSX Venture Exchange has been advised that the Company's shares will be listed and commence trading on Toronto Stock Exchange at the opening on August 3, 2016, under the symbol "JAG".

As a result of this Graduation, there will be no further trading under the symbol "JAG" on TSX Venture Exchange afterAugust 2, 2016, and its shares will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.

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