MOE Moelis Australia Pty Ltd

Moto Goldmines Limited ("Moto")(TSX:MGL)(ASX:MOE) is pleased to announce that it has made application to list its Common Shares for trading on the London Stock Exchange's AIM market ("AIM"). Moto's Chairman, Sam Jonah KBE said, "The AIM listing will be a further step forward in the transformation of Moto from explorer into a gold mining company. It is designed to attract additional European investors and reinforce Moto's presence in this significant market." AIM is a leading global market for mid-cap companies (market capitalization US$20 to US$500 million) with exciting growth potential. There are a significant number of mid-cap mining companies, with projects located around the world, listed on AIM. London is a global financial center, and many institutional investors based in Europe invest in AIM listed companies. European based institutional investors also have significant experience of investment in African and Eastern European projects with higher risk profiles. Moto is working towards completion of a full feasibility study in respect of the Moto Gold Project in the Democratic Republic of Congo by mid 2007. It is anticipated that project development funding for the Moto Gold Project will most likely be sourced from the North American and the European markets. As part of the admission process, Moto appointed RFC Corporate Finance Ltd as nominated advisor and Haywood Securities (UK) Limited as broker. Moto proposes that, subject to TSX approval and upon Moto's admission to AIM, Moto will issue to RFC 500,000 warrants, exercisable at C$7.86 and expiring four years from the date of issue. It is anticipated that Moto will be admitted to AIM on 24 March 2006. A copy of Moto's pre-admission announcement is available on Moto's website (www.motogoldmines.com) and has been filed on SEDAR (www.sedar.com). Caution Regarding Forward Looking Statements: The forward looking statements made in this news release are based on assumptions and judgments of management regarding future events and results. Such forward-looking statements include, but are not limited to, statements regarding Moto's plans with respect to developing the Moto Gold Project. There can be no assurance that any mineralisation will be proven to be economic, that anticipated metallurgical recoveries will be achieved, that future evaluation work will confirm the viability of deposits identified with the project or that future required regulatory approvals will be obtained. Moto Goldmines Limited (TSX:MGL) (ASX.:MOE)