Jaguar enters into lock-up agreement with Triple M Metal L.P.

TORONTO, April 23 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX: JFC) today announced that it has entered into a lock-up agreement (the "Lock-Up") with Triple M Metal L.P. ("Triple M") to tender all of the shares owned by Jaguar of Royal Laser Corp. ("Royal Laser") (TSX: RLC) to Triple M's previously announced all cash take-over bid (the "Offer"). The aggregate consideration under the Offer is approximately $44.5 million, or $0.47 per Royal Laser common share.

As publicly disclosed by Royal Laser, the Offer is subject to certain conditions, including a minimum tender condition, that will be set forth in a take-over bid circular that will be mailed to Royal Laser's shareholders on or before May 7, 2010, together with Royal Laser's directors' circular that will unanimously recommend acceptance of the Offer. The conditions to the Offer will also include a requirement that Royal Laser sells its non-core assets consisting of Royal Laser Manufacturing, WAM Industries, Smokey Manufacturing, Thunder Tool, and Envyrozone.

Royal Laser has disclosed that it has reached an agreement in principle to sell its non-core assets to a company controlled by Mr. William Iannaci, Co-Chief Executive Officer of Royal Laser, for a cash payment of $970,000. The sale of the non-core assets remains subject to the execution of a definitive purchase agreement.

Jaguar is Royal Laser's largest shareholder owning 18,234,500 Royal Laser shares. Please also refer to Royal Laser's press release dated April 23, 2010.

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: on this press release, please contact: Vic Alboini, Chairman & Chief Executive Officer, [phone] - or - Kyler Wells, General Counsel & Corporate Secretary, [phone]