Alta Mira Receives Positive Evaluation

Jaguar Resorts, Inc., a developer of luxury membership resort and spas,
today announced that “Destination Club Partners” (DCP) has issued a
positive, preliminary marketing report following a site evaluation of the
Company’s Alta Mira Resort & Spa located in San Miguel, Mexico. A synopsis of DCP observations regarding their site evaluation and other
pertinent information follows: San Miguel possesses the historic charm,
ideal climate and multitude of shopping and dining opportunities for
dynamic marketing literature. The Alta Mira development site is expansive
and affords magnificent 360-degree views of lakes, mountains, and the
city. There are a variety of vacation homes valued in excess of $1 million
in and near San Miguel. There currently appears to be limited availability
of new luxury homes in or close to downtown. There are currently no homes
that offer hotel amenities and services. San Miguel, in general, and Alta
Mira, in particular, appears to possess the requisite attributes for a
successful residence club.

Jaguar Resort’s (http://www.jaguar-resorts.com/ ) Alta Mira Resort and Spa
has plans for an 80-unit 5 Star Suite Hotel, a 40,000 square foot spa, 64
fee simple condominium units and 60 one-acre haciendas. Pre-Sales are
expected to commence by year-end. The Company’s mission is to be the
leading developer of fractional interest in real estate resort properties
throughout Latin America.

Bill Gallagher, President of Jaguar Resorts, stated, “This preliminary
report by leading experts in the residential club industry reaffirms our
belief that our Alta Mira Resort has tremendous market and sales
potential. We anticipate a 10% market penetration in Phase I could
generate $12.5 million in pre-sales.”

DCP principals Michelle Mull and Steve Dering recently visited San Miguel
de Allende. As a DCP principal, Ms. Mull is responsible for financial
forecasts, regulatory approvals, corporate and project accounting,
administration and human resources. She is the industry’s most experienced
professional in residence club financial forecasting, obtaining
development debt financing, and establishing residence club operating
budgets and homeowners associations. Mr. Dering is the lead development
expert, evaluating potential club sites, conducting preliminary business
discussions, assessing project feasibility, formulating club membership
parameters, and supervising club design and marketing planning.
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