Mr. Allen Sabet of Mogotes reports

MOGOTES METALS ANNOUNCES ACQUISITION OF 100% OF ARGENTINA LAND PACKAGE AND GRANT OF OPTIONS

Mogotes Metals Inc. has issued an aggregate of 4,687,500 common shares in the capital of the company to Golden Arrow Resources Corp. to complete its acquisition of a 100-per-cent interest in the Filo Sur project pursuant to an agreement between the company and Golden Arrow dated Feb. 10, 2025, which amended the previously executed earn-in agreement. The common shares were issued at a price of 32 cents per common share, being the 15-day volume-weighted average trading price on the TSX Venture Exchange.

Pursuant to the terms of the agreement, the company has granted Golden Arrow a 1.5-per-cent net smelter return royalty in respect of the property. The company shall have the right to purchase 0.5 per cent of the royalty upon the payment of $2-million (such that the resulting royalty shall be reduced to 1 per cent of the net smelter returns).

In addition, the company is pleased to announce that it has granted an aggregate of 640,000 stock options to purchase common shares exercisable at a price of 31 cents per common share for a period of two years to certain 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 is a mineral exploration company exploring for copper and gold in the prospective Vicuna district of Argentina and Chile. 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.