Moto Goldmines Limited

Moto Goldmines Limited

December 14, 2007 08:15 ET

Moto Goldmines Limited: Announcement of Senior Management and Board Changes

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 14, 2007) - Moto Goldmines Limited ("Moto" or the "Company") (TSX:MGL)(AIM:MOE) announces today that, Mr Klaus Peter Eckhof, has resigned as President and Chief Executive Officer and as a Director of the Company, with effect from December 31, 2007. In addition to his duties as Chief Operating Officer, Mr Andrew Dinning, aged 41, will also assume the duties of President with effect from January 1, 2008.

Andrew Dinning was appointed to the Board of Moto on 16 August 2006. Save for the appointment to the Board of Syndicated Metals Limited, no further disclosures are required in respect of Mr. Dinning by the AIM Rules.

The Board would like to thank Klaus Eckhof for his contribution in bringing the feasibility study which has recently been announced to fruition. The Company is now at a stage where it can start planning the development phase.

ARBN 113 274 874

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