Slide 1: Corporate Presentation
CORPORATE PRESENTATION April 2026 1 TSX:JAG OTCQX:JAGGF
Slide 2: Disclaimers and Cautionary Statements
DISCLAIMERS AND CAUTIONARY STATEMENTS This presentation (the “Presentation”) does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities, nor does it constitute investment advice or an offering memorandum. Readers should review this Presentation i
Slide 3: Who We Are: Mid-Tier Gold Producer in Brazil
WHO WE ARE: MID-TIER GOLD PRODUCER IN BRAZIL 1.80Moz @ 4.12 g/t Au M&I Resources1 MINAS GERAIS MINAS GERAIS 1.71Moz @ 3.61 g/t Au Inferred Resources1 BELO HORIZONTE CAETÉ COMPLEX Pilar Mine 858koz @ 3.89 g/t Au MTL COMPLEX Producing Global Reserves1 Turmalina Mine PACIÊNCIA COMPLEX Restarted Santa I
Slide 4: Capital Markets Profile
CAPITAL MARKETS PROFILE CAPITAL STRUCTURE1 Common shares outstanding 85,261,125 Share price (as of April 10, 2026) C$7.33 Market Capitalization C$602M Fully diluted shares outstanding2 87,144,631 52-week high-low C$9.63-C$2.33 Net Cash3 US$60M RESEARCH COVERAGE Investment Dealer Analyst Recommendati
Slide 5: Leadership Team Focused on Accelerating Growth
LEADERSHIP TEAM FOCUSED ON ACCELERATING GROWTH MANAGEMENT Luis Albano Tondo CEO +35 years international mining industry experience. Spent last 15 years working at C-level positions. Responsible for building the largest gold operation Naomi Nemeth in Brazil. VP Investor Relations 25+ years investor r
Slide 6: Three Pillars of Growth for Sustainable Value
THREE PILLARS OF GROWTH FOR SUSTAINABLE VALUE 1 2 3 MAXIMIZE LEVERAGE PURSUE CORE ASSETS EXPLORATION STRATEGIC & RESOURCES PORTFOLIO OPPORTUNITIES 6
Slide 7: Pilar - Consistent and Reliable Producer
PILAR - CONSISTENT AND RELIABLE PRODUCER KEY HIGHLIGHTS – Full Year 2025 ➢ 40,254 oz Au Production OPERATIONAL ➢ 370,253 Tonnes milled ➢ 3.77 g/t Au Avg Head Grade ➢ 89% Recovery ➢ $1,931/oz AISC Source: Refer to press release from of January 14, 2026, titled “Jaguar Mining Inc. Reports Fourth Quart
Slide 8: Projected Annual Gold Production
PROJECTED ANNUAL GOLD PRODUCTION FROM EXISTING ASSETS ONLY 2026 3-5 years +5 years 2025A 2026 * 80,000 – 100,000 – 40,254 oz 50,000 – 60,000 oz 100,000 oz 120,000 oz * Projected production from the MTL Complex (Turmalina gold mine, processing plant and the Faina ore zone) dependent on ramp up rate a
Slide 9: Onças de Pitangui Project
ONÇAS DE PITANGUI PROJECT Permitting on track for mid-2026 P&P (maiden): 284 koz @ 4.16 g/t Au Development to begin in H2 2026 M&I Resources*: 457 koz @ 4.01 g/t Au First ounces projected in H2 2027 Inferred Resources: 490 koz @ 3.64 g/t Au * M&I Resources are inclusive of Proven & Probable Reserves
Slide 10: Large Mineral Position in the IQ
LARGE MINERAL POSITION IN THE IQ Turmalina Faina Pontal Zona Basal MTL COMPLEX Onças de Pitangui Aparição Cuiabá CAETÉ COMPLEX Lamego Pilar Roça Grande Córrego Brandão Morro Velho Juca Vieira Pilar São Bento/CDS II Córrego do Sítio/CDS I Santa Isabel Lavra Velha Chamé Boa Vista Bahú Morro da Mina PA
Slide 11: 5-Year Exploration Drilling Planned
5-YEAR EXPLORATION DRILLING PLANNED Total of 220,000 meters to investigate up to ~ 8 million ounces 2026 2027 2028 2029 2030 MAIN TARGETS MAIN TARGETS MAIN TARGETS MAIN TARGETS MAIN TARGETS Paciência Complex: Paciência Complex: Paciência Complex: Paciência Complex: Paciência Complex: Santa Isabel UG
Slide 12: Chamé Bulk Open-Pit Mining Opportunity
CHAMÉ BULK OPEN-PIT MINING OPPORTUNITY Objective: To understand system continuity, geometry, & scale potential. To identify a broader mineralized corridor that could enhance the long-term optionality of the CPA Complex (Santa Isabel Mine). ➢ Trenches 100m spaced, sampled where high-grade veins were
Slide 13: Chamé Bulk Open-Pit Mining Opportunity
CHAMÉ BULK OPEN-PIT MINING OPPORTUNITY WORK DONE TO DATE & RESULTS ➢ Open width and depth of gold low-grade envelop ➢ Intercalation of carbonation-sulfidation and silicification hosted in sericite-phyllite ➢ Five holes drilled to date (+1,500 meters) ➢ Hole FCM001 intersected 15.35 meters grading 0.
Slide 14: Paciência Projected Upside in Resources
PACIÊNCIA PROJECTED UPSIDE IN RESOURCES All targets were assumed to have a minimum of 15 GT ~2.0-3.0 Moz Exploration targets1 FDEM aerial survey outlining shallow, low- angle conductive structures at the Chamé Chamé target, coincident with gold anomalies and confirmed hydrothermal alteration zones.
Slide 15: Proximity of Chamé to Santa Isabel Mine
PROXIMITY OF CHAMÉ TO SANTA ISABEL MINE 840-METER GAP FUTURE WORK AT CHAMÉ ➢ Additional 1,000 meters of drilling planned to test gold-bearing structure ➢ Step-Out Drilling (25-50 meter) considered based on the geological interpretation of FCM003 and FCM004 ➢ Twin Hole Program to verify historical Mo
Slide 16: Pilar Directional Drilling
PILAR DIRECTIONAL DRILLING – Planned start in Q1/26 BA Zone drilling supports down-plunge continuity of the mineralization & confirms multiple high- grade intercepts Results include: • 2.50 m @ 12.05 g/t Au • 4.50 m @ 26.20 g/t Au* • 5.60 m @ 4.13 g/t Au • 6.50 m @ 3.67 g/t Au • 1.70 m @ 13.41 g/t A
Slide 17: Pursuing Strategic Opportunities: Acquisition Rationale
PURSUING STRATEGIC OPPORTUNITIES Deepen footprint in Tier 1 Jurisdictions of Brazil ACQUISITION RATIONALE Canada Clear path to production - ready to build United States Potential for strong synergies Accelerate production scale Para Peru Brazil Tocantins Diversify production portfolio Mato Grosso Mi
Slide 18: Relative Peer Valuation | Junior Gold Producers
RELATIVE PEER VALUATION | JUNIOR GOLD PRODUCERS P/NAV1 -17% Discount P/CF 2026E1 -6% Discount EV/EBITDA 20261 -4% Discount G Mining 1.05x Bellevue 7.04x K92 9.37x Wesdome 0.98x K92 7.02x Aura 7.86x Aura 0.95x Pan African 7.15x Aura 6.75x Alkane 0.91x Ora Banda 5.91x Kingsgate 5.58x Bellevue 0.91x Ki
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS EXPERIENCED ROBUST TIER-1 STRONG RESPONSIBLE LEADERSHIP STRATEGY JURISDICTION FINANCIALS MINING Proven track Multi-pillar Operating in Cash flow from Commitment to record in the growth approach Brazil's mining- operations to ESG principles, mining industry for consistent friend
Slide 20: Upcoming Catalysts
UPCOMING CATALYSTS H1 H2 2026 2026 • Turmalina ramp up • Continued planned progress exploration strategy • Chamé drilling • MTL Complex ramp- results up (Faina & Turmalina orebodies) • Oncas de Pitangui permitting progress • Anticipated OdP licences granted & • Q1 Operations results starting constru
Slide 21: Contact Us
CONTACT US TORONTO 25 Adelaide Street East Suite 1400 Toronto, Ontario M5C 3A1 Naomi Nemeth, VP Investor Relations T: +1-647-882-4257 E: investors@jaguarmining.com BRAZIL Jaguar Mining Inc. R. Andaluzita, 131 - 7th floor 30310-030 Belo Horizonte - Minas Gerais T: +55 31 3232-7101 TSX:JAG | OTCQX:JAG
Slide 22: Appendix
Appendix TSX:JAG | OTCQX:JAGGF
Slide 23: Reserves and Resources (as at Dec. 31, 2025)
RESERVES AND RESOURCES (as at Dec. 31, 2025) PROJECT TONNAGE AU GRADE CONTAINED AU Kt g/t Koz Pilar 2,494 3.57 286 Turmalina 1,225 3.26 128 P&P Faina 1,019 4.87 160 Onças de Pitangui Project 2,122 4.16 284 Total 6,861 3.89 858 Pilar 4,394 4.05 573 Roça Grande 962 3.9 121 Turmalina 2,875 3.9 360 M&I1
Slide 24: Assets & Properties
Assets & Properties Name Mines Zones Plants Development Exploration Notes: /Deposits Properties Properties (a) Restart on March 9, MTL Complex Turmalina (a) Faina Turmalina Onças de Pontal 2026 Orebody A Pitangui Aparação (b) Currently on care and Orebody B maintenance Orebody C (c) Potential reopen