TORONTO, Aug. 14, 2008 (Canada NewsWire via COMTEX) -- Jaguar Financial Corporation ("Jaguar") (JFC) announced its acquisition today of 30,737,700 common shares of Blue Note Mining Inc. (BN) representing approximately 8.5% of the total issued common shares of Blue Note. The Blue Note shares were acquired on the TSX for investment purposes. Combined with the Blue Note common shares previously owned, Jaguar now owns a total of 40,992,100 common shares, representing approximately 11.3% of the total issued common shares of Blue Note.

Jaguar believes the common shares of Blue Note are undervalued and wishes to assist in the enhancement of shareholder value. Jaguar may, depending on market and other conditions, acquire additional common shares of Blue Note, through market transactions, private agreement or otherwise. Jaguar may, depending on market or other conditions, sell any or all of its common shares of Blue Note.