Mogotes Metals Provides Update on Board of Directors

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Mogotes Metals (OTCQB: MOGMF) announced that, effective August 7, 2026, Stephen Nano has resigned as a director. Nano has served as director, principal technical advisor and Chartered Professional for technical disclosure since the company’s inception in September 2022. According to Mogotes, he played a key role in strategic, technical and capital-raising activities as the company grew following its June 2024 listing, helping build its copper-gold exploration portfolio in the Americas and Central Asia. He contributed to work on the Filo Sur, Beskauga and Copper Cliff projects. Mogotes said Nano will continue supporting the company as a Technical Advisor, bringing more than 38 years of international exploration and corporate experience.

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Toronto, Ontario--(Newsfile Corp. - August 7, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") announces that, effective today, Mr. Stephen Nano has resigned as a director of the Company.

Mr. Nano has served as director, principal technical advisor and Chartered Professional for technical disclosure since the inception of the Company in September 2022. Over this time, he has made significant strategic, technical and capital-raising contributions during a period in which Mogotes has grown rapidly from its listing in June 2024 into a well-funded company with a strong portfolio of exploration to resource-stage copper-gold projects in the Americas and Central Asia.

Mogotes wishes to acknowledge Mr. Nano's significant role in building the Company's profile as a leading copper-gold explorer in the prolific Vicuña District, as well as his contributions to the evaluation of the Beskauga project in Kazakhstan and the Copper Cliff joint venture with Rio Tinto in the USA. His technical leadership and program design have been instrumental in rapidly advancing the Filo Sur project, culminating in this season's announcements of the Arbor and Cruz del Sur (CDS) "discovery" drill intercepts, located along strike from the large BHP / Lundin Filo Del Sol copper-gold-silver development project.

Mr. Nano will continue to support the Company in a Technical Advisor capacity with his more than 38 years of international exploration and corporate experience across the Americas, Central Asia and Asia-Pacific, along with his significant porphyry and epithermal deposit knowledge as Mogotes advances the exploration of the Filo Sur, Beskauga and Copper Cliff projects.

For further information, please contact:

Mogotes Metals Inc.
Allen Sabet, President and Chief Executive Officer
Phone: (647) 846-3313
Email: info@mogotesmetals.com

Cautionary Note Regarding Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308650

FAQ

What board change did Mogotes Metals (OTCQB: MOGMF) announce on August 7, 2026?

Mogotes Metals announced that Stephen Nano resigned as a director effective August 7, 2026. According to the company, he had served on the board since its inception in September 2022 and will continue in a Technical Advisor role supporting key exploration projects.

Will Stephen Nano continue working with Mogotes Metals (MOGMF) after resigning from the board?

Yes, Stephen Nano will continue supporting Mogotes Metals as a Technical Advisor. According to the company, he will contribute over 38 years of international exploration and corporate experience as Mogotes advances the Filo Sur, Beskauga and Copper Cliff copper-gold projects.

What contributions did Stephen Nano make to Mogotes Metals (MOGMF) before his resignation?

Stephen Nano contributed strategic, technical and capital-raising support to Mogotes Metals. According to the company, he helped build its copper-gold exploration profile, including work on Filo Sur, the Beskauga project in Kazakhstan and the Copper Cliff joint venture with Rio Tinto in the USA.

How is Mogotes Metals describing the impact of Stephen Nano’s work on the Filo Sur project?

Mogotes Metals credits Nano’s technical leadership and program design with rapidly advancing the Filo Sur project. According to the company, this work contributed to recent Arbor and Cruz del Sur discovery drill intercepts, located along strike from the Filo Del Sol development project.

What experience does Stephen Nano bring to his new Technical Advisor role at Mogotes Metals (MOGMF)?

In his Technical Advisor role, Nano brings more than 38 years of international exploration and corporate experience. According to Mogotes Metals, his background spans the Americas, Central Asia and Asia-Pacific, with specific expertise in porphyry and epithermal deposit exploration.

Which key copper-gold projects of Mogotes Metals has Stephen Nano been involved with?

According to Mogotes Metals, Nano has been involved in the Filo Sur project in the Vicuña District, evaluation of the Beskauga project in Kazakhstan, and the Copper Cliff joint venture with Rio Tinto in the USA, supporting their technical and strategic advancement.