Jaguar Mining intercepts high-grade gold at Faina orebody, Turmalina

Multiple high-grade zones intersected, including 11.88 g/t gold over 5.39 metres TORONTO, ON / ACCESS Newswire / July 27, 2026 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce that the initial drilling campaign at the Faina orebody, located within the Turmalina Mine complex, has successfully intersected multiple high-grade gold zones. These results confirm the continuity of mineralization and support the Company's strategy to expand Mineral Resources within the Faina orebody, one of four orebodies that comprise the Turmalina mine. Since Jaguar Mining obtained permission to resume activities at the Turmalina operations (see Jaguar Mining News Release dated March 9, 2026), resource conversion and new resource drilling activities have been increased, providing the foundation for the full resumption of mining operations at the Faina orebody, which is located to the NNW of current mining activities at the Turmalina mine. (See Figures 2-7 below).

HIGHLIGHTS High-Grade Gold Intercepts: Initial drillholes returned significant gold grades, including: 3.40m @ 7.67 g/t Au (FAI0177) 5.39m @ 11.88 g/t Au (FAI0178) 2.14m @ 9.01 g/t Au (FAI0182) 3.13m @ 22.46 g/t Au (FAI0182) Exploration Success: The drilling confirms the presence of robust mineralization within the Faina target zone and demonstrates the effectiveness of the current exploration strategy. Model Validation: The drilling results successfully validate the current geological model while refining the geometry and continuity of the mineralized lenses. This improved understanding of the orebody provides greater confidence for short- and medium-term mine planning and stope design.

Resource Growth Opportunity: These encouraging initial results reinforce the potential to expand Mineral Resources at Turmalina and support future underground mine development. "These results vali