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MOG.V ·

Mogotes Metals Inc. Announces Commencement of Trading ON TSX Venture Exchange

Listings & Exchange

MOGOTES METALS INC. ANNOUNCES COMMENCEMENT OF TRADING

ON TSX VENTURE EXCHANGE

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario – June 1 1, 2024 – Mogotes Metals Inc. (the “Company”) is pleased to

announce that, further to its press release of June 4, 2024, the Company’ s common shares and

common share purchase warrants will commence trading TSX Venture Exchange under the

symbol “MOG” and “MOG.WT”, respectively, effective market open on June 12, 2024.

About Mogotes Metals Inc.:

Mogotes Metals Inc. is an exploration company looking for copper and gold in the Vicuña district

of Argentina and Chile. The flagship project, Filo Sur, is on strike with the Filo del Sol discovery,

and in the same district as the NGEx Minerals Lunahuasi and Los Helados deposits.

For further information, please contact:

Mogotes Metals Inc.

Allen Sabet, President and Chief Executive Officer

Phone: (647) 846-3313

Email: [email protected]

Cautionary Note Regarding Forward-Looking Statements:

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

responsibility for the adequacy or accuracy of this release

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities

law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”,

“estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are

based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertaint ies and other factors

that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to

delays or uncertainties with regulatory approvals, including that of the TSX Venture Exchange. There are uncertainties inherent in forward -

looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for the technology

described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update

forward-looking information if circumstances or management ’s estimates or opinions should change except as required by law. The reader is

cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect

financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.