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Message: Stock Options Granted to Director and Employee
| March 26, 2009 |
| Moto Goldmines-Stock Options Granted to Director and Employee |
|
PERTH, WESTERN AUSTRALIA--(Marketwire - March 26, 2009) - 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 300,000 stock options (the "Options"), each to subscribe for a common share of the Company, to a Director and a senior employee, as of March 26, 2009. The Options were granted pursuant to the Company's Stock Option Plan. The Options were granted at an exercise price of C$2.99. 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: -------------------------------------------------------
Optionee Number of Options Vesting Date
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A senior employee 33,333 Immediately
33,333 March 25, 2010
33,334 March 25, 2011
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Louis Watum (1) 200,000 March 25, 2010
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(1) Mr. Watum is an Executive Director and the General
Manager - DRC Operations of the Company. Mr. Watum
held options to acquire 150,000 Common Shares of the
Company at C$7.65 and 100,000 Common Shares of the
Company at C$2.97 prior to this most recent award,
now giving him a total entitlement of options to
acquire an aggregate of 450,000 Common Shares of the
Company.
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