Grant of Options

MOSQUITO CONSOLIDATED GOLD MINES LIMITED
Suite 100-1616 West 3rd Avenue

Vancouver, BC V6J 1K2

Tel: (604) 689-7902

GRANT OF OPTIONS

January 18, 2012                                                                                                        Symbol:  MSQ

Mosquito Consolidated Gold Mines Limited (the “Company”) wishes to announce that it has entered into stock option agreements granting the right and option to purchase a total of 3,825,622 common shares of the Company at $0.51 per share exercisable in whole or in part on or before January 18, 2022.  

Mosquito Consolidated Gold Mines Limited

Per:   “Bill Jefferies”
         Bill Jefferies, Director

Neither 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.

U.S. DISCLAIMER

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.