Mr. Allen Sabet reports

MOGOTES METALS ANNOUNCES GRANT OF OPTIONS

Mogotes Metals Inc. has granted an aggregate of 10.7 million stock options to purchase common shares in the capital of the company exercisable at a price of 45 cents per common share for a period of two years to certain officers, directors, employees and consultants 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, gold and silver around the world, including in the United States and 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 the Filo Del Sol/Aurora deposit and NGEx Minerals' Lunahuasi and Los Helados copper-gold deposits.

We seek Safe Harbor.