Mako Mining Announces Intention to Restructure the Mt. Hamilton Acquisition Consideration and Postponement of Special Meeting of Shareholders to New Meeting Date of
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595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
Suite 700 - 838 West Hastings St.
Vancouver, BC - V6C 0A6
IR: (647) 203-8793
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
February 9, 2026
TSX-V: MKO; OTCQX: MAKOF
Mako Mining Announces Intention to Restructure the Mt. Hamilton Acquisition Consideration and
Postponement of Special Meeting of Shareholders to New Meeting Date of March 3, 2026
Mako Mining Corp. (“Mako” or the “Company”) (TSXV: MKO; OTCQX: MAKOF) announces that it has
postponed the Company’s special meeting of shareholders (the “Special Meeting”) that was originally
scheduled for Tuesday, February 10, 2026.
The Company and Sailfish Royalty Corp. (“ Sailfish”) are working to finalize a restructuring of the
consideration payable for the proposed acquisition (the “Acquisition”) of the Mt. Hamilton Gold-Silver
Project (the “Mt. Hamilton Project”) located in White Pine County, Nevada, USA , which quantum will
remain US$40 million. The restructur ing of the consideration payable is being undertaken to preserv e
maximum flexibility for the Company to develop the Mt. Hamilton Gold -Silver Project as currently
anticipated, as well as derisking the impact of encumbrances over potential future development
scenarios at the Mt. Hamilton Project more broadly. The restructured consideration will be reflected in
amended and restated transaction agreements, as well as a supplement to the management information
circular dated December 23, 2025 together with an updated proxy/voting information form. Once
finalized, the amended and restated transaction agreements, together with the revised supplemental
proxy materials, will be made available under the Company‘s SEDAR+ profile at www.sedarplus.ca.
Closing of the Acquisition will not be subject to any additional closing conditions, and remains subject
to the approval of the Company’s shareholders at the Special Meeting, the approval of Sailfish’s
shareholders and the approval of the TSX Venture Exchange.
Akiba Leisman, CEO of Mako, states “this past week, the Trump administration in the United States
announced the establishment of Project Vault and the 2026 Critical Minerals Min isterial, which Mako
views as a significant change to mining industrial policy in the USA . As previously disclosed in the
Company’s press release on September 30, 2025, the Mt. Hamilton Project hosts a tungsten target
located below, and independent of, the gold and silver resource. Tungsten’s role as a U.S. -designated
critical mineral potentially positions Mt. Hamilton as a strategic asset in supporting domestic supply chain
security. When the original Mt. Hamilton transaction was announced, it could have potentially included a
2% Net Smelter Return royalty on all minerals, inclusive of tungsten. Management has concluded that to
preserve maximum flexibility on how we plan on advancing the fully permitted Mt. Hamilton Project, we
intend to restructure the Mt. Hamilton consideration in an economically equivalent way, which will only
be repaid through deliveries of gold ounces coming from Mako’s other projects. Details of this proposed
restructuring will be made avail able imminently, with shareholders given ample time to review the new
terms for the meeting now scheduled for March 3, 2026. In the meantime, the Company has engaged a
political advisor, and discussions have commenced with United States Government officials and other
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critical metals companies on how to potentially advance the Mt. Hamilton Project as quickly as possible.
We will update the market on how these discussions progress in due course.”
Details of the Postponed Special Meeting
To allow Mako shareholders reasonable time to consider and vote on the proposed Acquisition once
the amended transaction agreements are finalized and a supplement to the current management
information circular for the Special Meeting is filed on SEDAR+ and mailed to shareholders, Mako is
postponing the Special Meeting to March 3, 2026 at 10:00 AM (Toronto time).
The record date for determining Mako shareholders eligible to vote at the Special Meeting remains
January 2, 2026. The deadline for Mako shareholders to return their completed proxies or voting
instruction forms has been extended to 10:00 AM on February 27, 2026 (Toronto time).
About Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The
Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which ranks as
one of the highest -grade open pit gold mines globally and offers d istrict-scale exploration potential.
Mako also owns the Moss Mine in Arizona, an open pit gold mine in northwestern Arizona. Mako also
holds a 100% interest in the PEA -stage Eagle Mountain Project in Guyana, South America. Eagle
Mountain is the subject of engineering, environmental and mine permitting activity.
For further information about Mako, please contact Akiba Leisman, Chief Executive Officer, at (917)
558-5289 or [email protected], or visit our website at www.makominingcorp.com and
our profile on SEDAR+ at www.sedarplus.ca.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward -looking information” within the meaning of applicable Canadian securities laws.
Statements in this news release, other than statements of historical facts, are forward looking statements. Forward-looking
information may be identified by the use of forward -looking terminology such as “plans”, “targets”, “expects”, “is expected”,
“scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “believes”, or
variations of such terminology which states that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will
be taken”, “occur” or “be achieved”. Forward -looking information in this news release includes, without limi tation, Mako’s
intention to hold the Special Meeting at 10:00 am on March 3, 2026, finalize amended agreement reflecting a restricting of the
consideration payable under the proposed Acquisition, the timing for filing a supplement to the Company’s management
information circular dated December 23, 2025; the conditions to closing the proposed Acquisition, including receipt of approval
by Mako shareholders and the approval of the TSXV to complete of the Acquisition. Forward-looking information is based on
the opinions, assumptions and estimates of management considered reasonable at the da te the statements are made and is
inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events
or results to differ materially from those projected in the forward -looking information. These r isks include the Company not
holding the Mako Meeting on the timeline contemplated herein; the Company or Sailfish not obtaining the requisite shareholder
and regulatory approval required to complete the proposed Acquisition in a timely manner or at al l, and Mako remaining
responsible for the interim period costs, expenses and liabilities in connection with the Mt. Hamilton Project prior to obtaining
all required approvals and closing the proposed Acquisition ; changes in market conditions and the execution of Mako’s
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business strategies; as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the
securities regulatory authorities in Canada on SEDAR+ at www.sedarplus.ca. Although Mako has attempted to identify
important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking
information, there may be other risk factors that could cause actual results or future events to differ materially from those
expressed. Accordingly, readers should not place undue reliance on forward-looking information. Mako disclaims any obligation
to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except
as required by applicable securities laws.