Mr. Allen Sabet reports

MOGOTES METALS PROVIDES UPDATE ON BOARD OF DIRECTORS

Effective today, Stephen Nano has resigned as a director of Mogotes Metals Inc.

Mr. Nano has served as director, principal technical adviser and chartered professional for technical disclosure since the inception of the company in September, 2022. Over this time, he has made significant strategic, technical and capital-raising contributions during a period in which Mogotes has grown rapidly from its listing in June, 2024, into a well-financed company with a strong portfolio of exploration to resource-stage copper-gold projects in the Americas and Central Asia.

Mogotes wishes to acknowledge Mr. Nano's significant role in building the company's profile as a leading copper-gold explorer in the prolific Vicuna district, as well as his contributions to the evaluation of the Beskauga project in Kazakhstan and the Copper Cliff joint venture with Rio Tinto in the United States. His technical leadership and program design have been instrumental in rapidly advancing the Filo Sur project, culminating in this season's announcements of the Arbor and Cruz del Sur (CDS) "discovery" drill intercepts, located along strike from the large BHP/Lundin Filo Del Sol copper-gold-silver development project.

Mr. Nano will continue to support the company in a technical adviser capacity with his more than 38 years of international exploration and corporate experience across the Americas, Central Asia and Asia-Pacific, along with his significant porphyry and epithermal deposit knowledge as Mogotes advances the exploration of the Filo Sur, Beskauga and Copper Cliff projects.

We seek Safe Harbor.