Jaguar announces satisfaction of TSX's continued listing requirements

TORONTO, Feb. 29 /CNW/ - Jaguar Financial Inc. ("Jaguar") (TSX: JFI.TO) today announced that the Listings Committee of the Toronto Stock Exchange ("TSX") has confirmed that Jaguar satisfies all of the continued listing requirements of the TSX.

As previously disclosed, the TSX had announced a deferral decision pursuant to which Jaguar was required to demonstrate to the TSX, on or before March 31, 2008, that it met each of the original listing requirements in section 3.09(a) of the TSX Company Manual. Particularly, the TSX required that Jaguar have net tangible assets of $2,000,000, earnings from operations of at least $200,000 before taxes and extraordinary items, pre-tax cash flow of $500,000, and adequate working capital, and satisfy other specified conditions.

On February 6, 2008, Jaguar's audited annual financial statements for the year ended December 31, 2007 were filed on SEDAR and delivered to the TSX. As at and for the period ended December 31, 2007, Jaguar had net tangible assets of $31,812,095, earnings from operations of $4,518,643 before taxes and extraordinary items, cash flow from operating activities of $6,309,432, and working capital of $31,810,655. The TSX Listings Committee made its determination that Jaguar satisfied all of the TSX's continued listing requirements on the basis of these financial statements.

Vic Alboini, Chairman and Chief Executive Officer of Jaguar stated, "We are pleased that Jaguar has satisfied the continued listing requirements of the TSX and maintained its listing on the TSX".

About Jaguar

Jaguar is a Canadian merchant bank that invests in undervalued small capitalization 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.

Contacts

Kyler Wells
General Counsel
(416) 644-8177