Mr. Allen Sabet reports

MOGOTES METALS ANNOUNCES ISSUANCE OF COMMON SHARES UNDER OPTION AGREEMENT

Further to Mogotes Metals Inc.'s press releases of Aug. 5, 2025, and Sept. 4, 2025, the company has issued an aggregate of 324,396 common shares in the capital of the company at a price of 29.5 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 in the province of Copiapo in the Atacama region.

The common shares will be subject to a hold period of four months plus one 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. 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's Aurora deposit and NGEx Minerals' Lunahuasi and Los Helados copper-gold deposits.

We seek Safe Harbor.