Moto Goldmines Limited
TSX : MGL
AIM : MOE

Moto Goldmines Limited

May 18, 2009 03:55 ET

Moto Goldmines-Stock Options Granted to Chairman

PERTH, WESTERN AUSTRALIA--(Marketwire - May 18, 2009) -

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

Moto Goldmines Limited (the "Company") (TSX:MGL)(AIM:MOE) announces the grant of 133,950 stock options (the "Options") to Samuel Esson Jonah, KBE, as of May 15, 2009. The Options were granted pursuant to the terms of his engagement as a director and Chairman of the Company and pursuant to the Company's Stock Option Plan.

Each Option entitles Mr. Jonah to purchase one Common Share in the Company at an exercise price of C$2.83 per share. The Options will expire six years from the date of grant and will vest as set out below:



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Number of Options Vesting Date Expiry Date
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44,650 May 15, 2009 May 15, 2015
44,650 May 15, 2010 May 15, 2015
44,650 May 15, 2011 May 15, 2015
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Prior to this grant of options, Mr. Jonah held options to acquire 5,085,100 Common Shares of the Company (at exercise prices ranging from C$2.60 to C$7.65). He now has a total entitlement of options to acquire an aggregate of 5,219,050 Common Shares. Mr. Jonah also holds 2,717,874 Common Shares of the Company.

ARBN 113 274 874

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