Jaguar announces sale of stake in WGI Heavy Minerals Inc.

TORONTO, June 8 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX: JFC) announced that yesterday it sold 3,777,100 common shares of WGI Heavy Minerals Inc. ("WGI") (TSX: WG) by private agreement. The sale was carried out through the facilities of the Toronto Stock Exchange.

The WGI shares were acquired by Jaguar for investment purposes and were sold at a profit.

About Jaguar Financial Corporation

Jaguar is a Canadian merchant bank that invests in undervalued small and mid-cap companies in a variety of industry sectors.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Jaguar's control which may cause actual results, performances or achievements of Jaguar to be materially different from those implied by such forward looking statements.

For further information: Vic Alboini, Chairman & Chief Executive Officer, [phone] - or - Kyler Wells, General Counsel & Corporate Secretary, [phone]