JAGUAR FINANCIAL REPORTS THIRD QUARTER OF FISCAL 2010 RESULTS

TORONTO, Nov. 1 /CNW/ - Jaguar Financial Corporation ("Jaguar" or the "Company") today reported results for its third quarter ended September 30, 2010, of its 2010 fiscal year.

For the third quarter ended September 30, 2010, the Company reported a net loss of $279,450 compared to a gain of $791,802 in the third quarter of 2009.  Included in net loss is the Company's non-cash share of the gain of its associated company, Lakeside Steel Inc. ("Lakeside"), of $411,274 compared to a loss of $756,447 in the quarter ended September 30, 2009

The Company experienced a net loss on investments of $381,522 in Q3 of 2010, due to unrealized losses in two securities in the Company's investment portfolio. This compares to a net gain on investments of $2,191,678 in the third quarter of 2009.  The net gain in the prior year was largely related to a realized gain on the Company's investment in Kinbauri Gold Corporation.  The Company's investment portfolio is recorded on a mark to market basis and will experience, at various times, unrealized gains or losses based on equity market conditions.  

Total expenses decreased from $668,429 in Q3 of 2009 to $316,974 in Q3 of 2010. The decrease in expenses is primarily related to lower participation fees payable to lenders and advisory fees.  Expenses were also down as a result of less investment activity in the quarter producing lower transaction costs.

For the nine months ended September 30, 2010, the Company reported net income of $2,475,777 compared to net income of $1,212,565 in the same period in 2009.  The Company generated a net gain on investments $3,829,300 in the nine month period compared to $8,066,021 in the prior year.  Expenses decreased from $5,211,597 to $843,211.

Jaguar remains very liquid and had cash and investments at fair value of $13,952,110, or approximately $0.13 per share, as at September 30, 2010.

About Jaguar

Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors.

The securities of Jaguar Financial Corporation are listed on the TSX under the symbol "JFC".

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 and Chief Executive Officer

416 644-8110

- or -

Kyler Wells, General Counsel & Corporate Secretary

416 644-8177