TORONTO, CANADA – Jaguar Financial Corporation (“Jaguar”) (TSX: JFC) today announced, with the support of Cinnamon Investments Limited (“Cinnamon”), its proposed all-cash offer (“Offer”) to acquire all of the outstanding shares of Galvanic Applied Sciences Inc. (“Galvanic”) at a price of $2.00 per share. The Offer will be financed through a credit facility provided by Romspen Investment Corporation, a merchant bank with approximately $1.1 billion in assets under administration.

On June 28, 2013, Galvanic announced that 1756349 Alberta Ltd. (the “Initial Bidder”) had commenced an offer to acquire Galvanic at a price of $1.70 per share (the “Original Offer”). Jaguar’s Offer at $2.00 per share represents an 18% premium to the Original Offer.

Jaguar and Cinnamon, acting jointly and in concert, collectively own 1,074,700 Galvanic shares, or approximately 6.7% of the issued and outstanding shares of Galvanic. The Offer will be subject to various conditions including that (i) the Article 6 Marital Trust terminate the lock-up agreement dated March 28, 2013 with Right Lane Capital LLC (a shareholder of the Initial Bidder) and tender its 5,852,108 Galvanic shares to the Offer, (ii) a minimum of two-thirds of the outstanding Galvanic shares being deposited under the Offer and not withdrawn, and (iii) Galvanic have a minimum of $9,000,000 in cash and cash equivalents at the expiry date of the Offer which amount shall be comprised of not less than $8,000,000 in cash with the balance in cash equivalents.

Jaguar anticipates that its formal offer and take-over bid circular will be mailed to Galvanic shareholders on or about August 14, 2013. This press release does not constitute an offer to buy or an invitation to sell, or the solicitation of

an offer to buy or invitation to sell, any securities of Jaguar or Galvanic. Such an offer may only be made pursuant to an offer and takeover bid circular filed with the securities regulatory authorities in Canada and pursuant to registration or qualification under the securities laws of any other such jurisdiction.

About Jaguar Financial Corporation

Jaguar is a Canadian merchant bank that generally invests in undervalued, overlooked and underappreciated public companies where Jaguar determines that one or more changes could be made to create shareholder value.