Mr. Allen Sabet reports

MOGOTES METALS ANNOUNCES ISSUANCE OF COMMON SHARES UNDER OPTION AGREEMENT

Mogotes Metals Inc., further to the company's news releases of Aug. 5, 2025, Sept. 4, 2025, and April 20, 2026, has issued an aggregate of 598,042 common shares in the capital of the company at a price of 47 cents per common share pursuant to the terms of an option agreement dated July 29, 2025, with Ingenieria e Inversiones Cerro Dorado Ltda. and Mogotes Metals Chile SPA, whereby the company was granted an option to purchase 100 per cent of certain mining concessions, known as La Perla Uno a Diez, located in the municipality of Tierra Amarilla, province of Copiapo, Atacama region. The company confirms that it has exercised the option in full and acquired a 100-per-cent interest in and to the property.

The common shares will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

About Mogotes Metals Inc.

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

We seek Safe Harbor.