Mr. Allen Sabet reports

MOGOTES ANNOUNCES GRANT OF OPTIONS

Mogotes Metals Inc. has granted 350,000 stock options to purchase common shares exercisable at a price of 33 cents per common share for a period of two years to a director of the company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

About Mogotes Metals Inc.

Mogotes Metals is a mineral exploration company exploring for copper and gold in the prospective Vicuna district of Argentina and Chile. Mogotes's flagship project, Filo Sur, adjoins the large Filo del Sol copper-gold-silver discovery, and is along the same north-south-trending belt as Filo Del Sol-Aurora, and NGEx Minerals' Lunahuasi and Los Helados copper-gold deposits.

We seek Safe Harbor.