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Stock Options Granted to Chairman

posted on Apr 30, 2009 01:35AM
April 30, 2009
Moto Goldmines-Stock Options Granted to Chairman
PERTH, WESTERN AUSTRALIA--(Marketwire - April 30, 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 893,000 stock options (the "Options") to Samuel Esson Jonah, KBE, as of April 29, 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$2.80 per share. The Options will expire six years from the date of grant and will vest as set out below:

----------------------------------------------------------
Number of Options        Vesting Date          Expiry Date
----------------------------------------------------------
297,667                April 29, 2009       April 29, 2015
297,667                April 29, 2010       April 29, 2015
297,666                April 29, 2011       April 29, 2015
----------------------------------------------------------
Prior to this grant of options, Mr. Jonah held options to acquire 4,192,100 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 5,085,100 Common Shares. Mr. Jonah also holds 2,717,874 Common Shares of the Company.

Moto Goldmines Limited website: www.motogoldmines.com.
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