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MOG.V ·

Mogotes Metals Announces Grant of Options

Share Capital & Compensation

Mogotes Metals Inc.

217 Queen Street West, Suite 401

Toronto, ON M5V 0R2

(647) 846-3313

[email protected]

NEWS RELEASE

MOGOTES METALS ANNOUNCES GRANT OF OPTIONS

September 23, 2025 – Toronto, Ontario – Mogotes Metals Inc . (TSXV: MOG, FSE:OY4, OTCQB: MOGMF)

(“Mogotes”, or the “Company”) announces that it has granted an aggregate of 3,535,000 stock options to purchase

common shares in the capital of the Company exercisable at a price of $ 0.31 per common share for a period of

two (2) years to certain directors, officers, 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 Inc. is a mineral exploration company exploring for copper and gold in the prospective Vicuña

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 N-S trending belt as the Filo Del Sol – Aurora and NGEx Minerals Lunahuasi and

Los Helados copper-gold deposits.

For further information, please contact:

Mogotes Metals Inc.

Allen Sabet, President and Chief Executive Officer

Phone: (647) 846-3313

Email: [email protected]

Follow Us

Twitter: https://x.com/mogotesmetals

Cautionary Note Regarding Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain “forward-looking information” within the meaning of applicable securities laws.

Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”,

“believe”, “anticipate”, “est imate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or

statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-

looking information is based on the opinions and estimates of management at the date the information is provided,

and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to

differ materially from those projected in the forward -looking information. For a description of the risks and

uncertainties facing the Company and its business and affairs, readers should refer to the Company’s

Management’s Discussion and Analysis. The Company undertakes no obligation to update forward -looking

information if circumstances or management’s estimates or opinions should change, unless required by law. The

reader is cautioned not to place undue reliance on forward-looking information.