Moto Goldmines Limited
TSX : MGL
ASX : MOE

Moto Goldmines Limited

October 25, 2005 10:13 ET

Moto Goldmines Limited: Further Significant Results at Karagba and Pakaka

BALCATTA, WESTERN AUSTRALIA--(CCNMatthews - Oct. 25, 2005) - Moto Goldmines Limited (TSX:MGL)(ASX:MOE):

- At the Karagba Prospect, results from drill holes testing the continuity of the mineralised zone have returned significant intercepts including: 20m @ 8.51 g/t Au, 12m @ 8.58 g/t Au and 54m @ 6.18 g/t Au.

- At Pakaka results from infill drilling have confirmed the continuity of the mineralisation. Significant intercepts include: 34m @ 2.45 g/t Au, 20m @ 3.72 g/t Au and 14m @ 4.01 g/t Au. A revised resource estimate upgrading the resources from Inferred to Indicated is planned for November.

- The infill drilling programmes at Pakaka, Sessenge, Kombokolo and Mengu Hill, designed to upgrade the resources from the inferred to the indicated category, are now complete. A resource upgrade is planned for November. Resource modelling is also underway on these deposits with initial results expected during November.

Further significant results have been received from recent drilling at the Karagba and Pakaka deposits at the Moto Gold Project in the north east of the Democratic Republic of Congo.

KARAGBA

Results for a further four diamond holes, DDD023, DDD024, DDD025 and DDD030 completed as a part of the ongoing drill programme to test the continuity of the Karagba mineralised zone have returned significant intercepts including: 20m @ 8.51 g/t Au from 331m to 351m in DDD024 and 12m @ 8.58 g/t Au from 511m to 523m and 54m @ 6.18 g/t Au from 557 to 611m in DDD030. These diamond holes were completed to test the strike and up plunge position of the mineralisation intersected in holes DDD011 to DDD013. Results are awaited from the final 5 holes in the programme, DDD031 to DDD035 inclusive.

An infill, 40m x 40m programme is ongoing on the shallower, potentially open pittable resources.

Significant results received and not previously reported are summarised in Table 1.

PAKAKA

All results have now been received from the infill programme completed on the Pakaka Deposit. Significant recent results include 34m @ 2.45 g/t Au from 116m to 150m in PDD084, 20m @ 3.72 g/t Au from 125m to 145m in PDD085 and 14m @ 4.01 g/t Au from 207m to 221m in PDD087.

The results confirm the continuity of the mineralisation. An upgrade of the previously reported resource of 8,233,000 tonnes grading 2.7 g/t Au for 701,000 ounces in the indicated category and 11,463,000 tonnes grading 2.2 g/t Au for 814,000 ounces in the inferred category estimated by Cube Consulting in early August 2005 is currently being completed.

Significant results received and not previously reported are summarised in Table 2.

RESOURCE UPGRADE

In August 2005 the Company announced the completion of revised resource estimates at the Moto Gold project by independent geological consultants Cube Consulting Pty Limited ("Cube Consulting"). Cube Consulting estimated indicated resources of 8.23 million tonnes at 2.6 g/t for 0.7 million ounces of gold and inferred resources of 89.23 million tonnes at 2.6 g/t Au for 7.3 million ounces of gold.

The infill drilling programmes at Pakaka, Sessenge, Kombokolo and Mengu Hill, designed to upgrade the resources from the inferred to the indicated category, are now complete. A resource upgrade is planned for November. Resource modelling is also underway on these deposits with initial results expected during November.

Additional Notes:

Scientific or technical information in this news release has been prepared under the supervision of Greg Smith, Exploration Manager of the Company and a qualified person under National Instrument 43-101 and a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Greg Smith has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code).

The Information in this report that relates to Mineral Resources is based on a resource estimate compiled by Ted Coupland who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM), Mineral Industry Consultants Association (MICA) and is a Chartered Professional (Geology), and a qualified person under National Instrument 43-101. Ted Coupland is a director of Cube Consulting Pty Ltd. Ted Coupland has sufficient experience which is relevant to gold mineralisation and resource estimation to qualify as a competent Person as defined in the December 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code). Ted Coupland consents to the inclusion in this report of the Information, in the form and context in which it appears.

Caution Regarding Forward Looking Statements: Statements regarding the Company's plans with respect to developing the Moto Gold Project are forward-looking. There can be no assurance that any mineralisation will be proven to be economic, that anticipated metallurgical recoveries will be achieved, that future evaluation work will confirm the viability of deposits identified with the project or that future required regulatory approvals will be obtained.



Table 1 - Significant intercepts Karagba

---------------------------------------------------------------------
In-
Hole_id UTM_North UTM_East UTM_RL Azi- Dip Depth From To ter- Au
muth val g/t
---------------------------------------------------------------------
DDD023 787538 345000 852 135 -65 449.55 220 222 2 2.31
---------------------------------------------------------------------
DDD024 787538 345000 852 135 -85 509.85 331 351 20 8.51
---------------------------------------------------------------------
379 383 4 1.75
---------------------------------------------------------------------
397 401 4 1.50
---------------------------------------------------------------------
415 419 4 0.86
---------------------------------------------------------------------
469 481 12 1.75
---------------------------------------------------------------------
DDD025 787505 345032 852 0 -90 494.65 274 280 6 4.76
---------------------------------------------------------------------
DDD030 787560 345090 855 0 -90 666.05 433 449 16 3.23
---------------------------------------------------------------------
455 485 30 1.82
---------------------------------------------------------------------
491 501 10 3.94
---------------------------------------------------------------------
511 523 12 8.58
---------------------------------------------------------------------
527 537 10 5.88
---------------------------------------------------------------------
557 611 54 6.18
---------------------------------------------------------------------
617 621 4 3.44
---------------------------------------------------------------------

Table 2 - Significant intercepts Pakaka

---------------------------------------------------------------------
In-
Hole_id UTM_North UTM_East UTM_RL Azi- Dip Depth From To ter- Au
muth val g/t
---------------------------------------------------------------------
PDD077 348763 788621 861 0 -90 182 95 137 42 1.06
---------------------------------------------------------------------
PDD080 348801 788639 867 0 -90 200 112 136 24 1.79
---------------------------------------------------------------------
140 158 18 1.08
---------------------------------------------------------------------
194 198 4 1.44
---------------------------------------------------------------------
PDD083 348838 788577 859 0 -90 182 96 132 36 1.18
---------------------------------------------------------------------
158 160 2 2.76
---------------------------------------------------------------------
PDD084 348838 788619 864 0 -90 200 116 150 34 2.45
---------------------------------------------------------------------
PDD085 348842 788660 870 0 -90 220 125 145 20 3.72
---------------------------------------------------------------------
151 173 22 0.82
---------------------------------------------------------------------
201 205 4 0.88
---------------------------------------------------------------------
PDD086 348839 788696 873 0 -90 235.05 145 177 32 1.67
---------------------------------------------------------------------
183 189 6 2.23
---------------------------------------------------------------------
PDD087 348843 788741 876 0 -90 258.66 171 193 22 1.06
---------------------------------------------------------------------
207 221 14 4.01
---------------------------------------------------------------------
227 235 8 1.11
---------------------------------------------------------------------
PDD088 348878 788640 866 0 -90 215 129 137 8 1.07
---------------------------------------------------------------------
147 149 2 2.84
---------------------------------------------------------------------
PDD089 348881 788718 871 0 -90 239.35 157 199 42 1.13
---------------------------------------------------------------------
PDD090 348915 788662 865 0 -90 311 148 184 36 1.26
---------------------------------------------------------------------
266 284 18 1.37
---------------------------------------------------------------------
PDD091 348920 788698 867 0 -90 332.05 160 200 40 1.78
---------------------------------------------------------------------
258 268 10 1.99
---------------------------------------------------------------------
286 296 10 2.58
---------------------------------------------------------------------
PDD092 348916 788742 869 0 -90 263 169 209 40 2.08
---------------------------------------------------------------------
PDD093 348921 788782 870 0 -90 269 184 206 22 1.05
---------------------------------------------------------------------
210 214 4 0.79
---------------------------------------------------------------------
218 224 6 1.10
---------------------------------------------------------------------


Note: The intersected true width ranges from 90% to 100% of the intercept.

Genalysis Laboratory Services located in Perth, Western Australia completed all assays on drill core from Karagba and Pakaka. Fire assay using a 50gm charge was used for all assays.

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