Moto Goldmines Limited
TSX : MGL
AIM : MOE

Moto Goldmines Limited

March 12, 2008 02:04 ET

Moto Goldmines Ltd-Report on Share Activity

PERTH, WESTERN AUSTRALIA--(Marketwire - March 12, 2008) -

"NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH ANY US NEWSWIRE SERVICE"

Moto Goldmines Limited ("Moto") (TSX:MGL)(AIM:MOE) received notification on March 11, 2008 from Mackenzie Financial Corporation ("Mackenzie") that one or more of its mutual funds and private client managed accounts, has sold a total of 1,544,500 common shares in Moto since November 1, 2007. As a result, the aggregate number of common shares of Moto held by all of Mackenzie's managed accounts, at 29 February 2008 was 7,205,500 common shares, representing an decrease from approximately 11.68% to 9.6% of all outstanding common shares.

ARBN 113 274 874

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