JAGUAR FINANCIAL ANNOUNCES ACQUISITION OF ADDITIONAL EQUITY INTEREST IN ROYAL LASER

TORONTO, CANADA – January 2, 2008 – Jaguar Financial Inc. (“Jaguar” or the “Company”) (TSX: JFI) announced its acquisition of an additional 2,011,000 common shares of Royal Laser Corp. (“Royal Laser”; TSX:RLC) representing approximately 2.0% of the total issued common shares of Royal Laser since its press release on December 7, 2007. The Royal Laser shares were acquired on the Toronto Stock Exchange for investment purposes. Combined with the Royal Laser common shares previously owned, Jaguar now owns a total of 12,202,000 common shares, representing approximately 12.15% of the total issued common shares of Royal Laser.

Jaguar believes the common shares of Royal Laser are undervalued and wishes to assist in the enhancement of shareholder value. Jaguar also owns 19.7% of the common shares of Added Capital Corp. (“Added”), which wholly owns Lakeside Steel Corporation (“Lakeside”). Jaguar believes there may be strategic opportunities between Royal Laser and Lakeside, including the possibility of a business combination between the companies. Jaguar may, depending on market and other conditions, acquire additional common shares of Royal Laser, through market transactions, private agreement or otherwise. Jaguar may, depending on market or other conditions, sell any or all of its common shares of Royal Laser.