TORONTO, ON / ACCESS Newswire / July 14, 2025 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce the successful conclusion of negotiations regarding a significant environmental fine with the State of Minas Gerais, Brazil. The Company has reached a favorable agreement to settle this administrative penalty for BRL59,988,878.25, representing a substantial reduction from an initial estimated liability of R$320 million. This landmark settlement underscores Jaguar Mining's proactive engagement and unwavering commitment to responsible corporate conduct, strengthening its financial position and providing clarity for future operations. Context and Resolution The environmental fine stemmed from an infraction notice issued following a partial slide at the Satinoco dry stacking pile (refer to News Release dated December 09, 2024). From the outset, Jaguar Mining has been dedicated to a transparent and responsible approach to addressing the incident and its implications.