Jaguar Financial Corporation (TSXV:JFC) has begun litigation in the Supreme Court of British Columbia in preparation to the commencement of a proposed takeoverbid by Jaguar for all the outstanding common shares of Alternative Earth Resources Inc. (TSXV:AER). The outcome of the litigation will affect both the timing and structure of the takeoverbid for AER. The litigation is intended to prevent AER's directors from proceeding with a transaction with Black Sea Copper & Gold Corp. and a related private placement announced on October 20, 2015, by AER. If Jaguar is successful in obtaining the relief it is seeking in court, it anticipates that it will shortly thereafter commence a takeoverbid which will be subject to several conditions the scope of which will depend on the outcome of the litigation. Jaguar will make a further announcement when the court proceedings are concluded and will issue a press release with full details of the proposed takeoverbid immediately before or concurrently with the commencement of the bid. Fogler, Rubinoff, LLP and McCarthy Tetrault LLP are acting as legal advisors to Jaguar. Added Capital Inc. (TSXV:AAD) is acting as Information Agent in connection with the proposed takeoverbid.