Moto Goldmines Limited
TSX : MGL
AIM : MOE

Moto Goldmines Limited

July 08, 2008 02:27 ET

Moto Grant of Options to Staff

PERTH, WESTERN AUSTRALIA--(Marketwire - July 8, 2008) -

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

Moto Goldmines Limited ("the "Company") (TSX:MGL)(AIM:MOE), announce the granting of 135,000 stock options (the "Options") over its common shares to a number of senior employees of the Company, as of July 8, 2008. The Options were granted pursuant to the Company's Stock Option Plan.

The Options were granted at an exercise price of C$3.73. The exercise price is determined pursuant to the Company's Stock Option Plan, being the volume weighted average price of the Company's shares as traded on the Toronto Stock Exchange, for the five days immediately preceding the grant date. 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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45,000 July 8, 2009 July 8, 2014
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45,000 July 8, 2010 July 8, 2014
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45,000 July 8, 2011 July 8, 2014
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