Jaguar Mining Provides Update on Geologic Interpretation at the Chamé Gold Exploration Target, Brazil

About this update from Jaguar Mining Inc.

[{"type":"text","content":" Jaguar Mining Provides Update on Geologic Interpretation at the Chamé Gold Exploration Target, Brazil- 3km south of the Santa Isabel Mine and processing plant (CPA Complex) TORONTO, ON / ACCESS Newswire / February 24, 2026 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTC:JAGGF) today provided an update on its ongoing exploration program at its Chamé target, part of the Company's CPA Project in Minas Gerais, Brazil. The exploration program at this priority target aims to delineate and expand known gold mineralization within a highly prospective geological corridor, located approximately 3km to the southeast of Jaguar's CPA Complex (which hosts the Santa Isabel Mine, slated to reopen in 2026, and processing plant, currently on care and maintenance). See Figure 1.Figure 1 - General location map showing the proximity of Chamé to Santa Isabel and Belo Horizonte, and surface location of drillholes. \"The geology team has worked very hard to advance the understanding of the Chamé gold target in a relatively short time and for that, we are proud of their accomplishments at this priority target,\" commented Mr. Armando Massucatto, Jaguar General Manager of Exploration. \"Despite the operational challenges of placing drills in this uneven terrain, the drilling has allowed us to successfully advance the geological interpretation, improving our understanding of the structural controls on mineralization, leading to an interpretation tests the potential continuity between the Chamé and Santa Isabel mineralized structures. The results to date reinforce the view that Chamé remains a highly prospective target area, and we are focused on executing the 2026 program in a disciplined, data-driven manner.To date, the Company has completed five diamond drill holes (FCM001 through FCM005) at the Chamé target, totaling 1,531.85 meters (see Figure 2). Assay results for the first two holes are discussed in this press release, with the samples from the remaining holes still in the assay process. Holes FCM003 to FCM005, accounted for 939.55 meters of this total (awaiting results). This drilling focused on sampling the historic system of trenches throughout the Chamé area, excavated by the early explorers in the 1700s, who chased high grade gold veins as deep as their primitive technology would allow...

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