MKO.V · 2025-05-14 12:00:00

Mako Mining Intersects 117.98 g/t Gold over 1.7m (Estimated True Width) at Las Conchitas

Drill Results

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

May 14th, 2024

TSX-V: MKO; OTCQX: MAKOF

Mako Mining Intersects 117.98 g/t Gold over 1.7m (Estimated True Width) at Las

Conchitas

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) is pleased to provide

additional exploration results from the ongoing reverse circulation (“RC”) drill program at Mako’s newest

mining area, Las Conchitas in northern Nicaragua. Las Conchitas is located between the Company’s San

Albino Gold Mine and the nearby historical El Golfo Mine on the Company’s El Jicaro Concession, where

the Company has recently initiated an exploration drilling campaign (please see figure attached).

The RC and diamond drill program at Los Conchitas has two key objectives: 1) to identify extensions of

high-grade gold veins beyond the mineralized limits of the deposit as defined by the Company’s “Amended

Technical Report and Estimate of Mineral Resources (MRE) for the San Albino Project Comprised of the

San Albino and Las Conchitas Deposits, Nueva Segovia, Nicaragua” dated October 11, 2023 and updated

on June 10, 2024 ; and 2) to further evaluate the underground resource potential and geotechnical

characteristics to support the proposed Las Conchitas underground development.

The drill results reported in this release are from multiple subparallel, northeast -southwest striking and

gently dipping gold-bearing quartz veins. These results allow the Company to assess and identify potential

future mining areas within the permitted ultimate open pit , as well as to assess potential areas for

underground mining.

Drilling Highlights

• Cruz Grande/El Limon Vein

o 117.98 g rams per tonne (“g /t”) gold (“Au”) and 37.0 g/t silver (“Ag”) over 2.0 m (1.7 m

Estimated True Width (“ETW”))

• Intermediate Vein

o 14.76 g/t Au and 13.67 g/t Ag over 3.0 m (2.6 m ETW)

• Mina Francisco Vein

o 18.14 g/t Au and 9.5 g/t Ag over 7.0 m (6.7 m ETW)

o 29.57 g/t Au and 66.7 g/t Ag over 3.0 m (2.6 m ETW)

o 24.59 g/t Au and 10.2 g/t Ag over 4.0 m (3.1 m ETW)

• Bayacun Vein (LMB Pit)

o 24.95 g/t Au and 28.9 g/t Ag over 4.0 m (3.9 m ETW)

Akiba Leisman, CEO of Mako states, “these results demonstrate the high-grade nature of Las Conchitas,

with clear potential to expand known areas that will be amenable to both open-pit and underground mining

methods. Las Conchitas continues to be a profitable mining area for Mako since gold extraction began in

July 2023, supplementing commercial production from the primary San Albino area since July 2021 , and

it will be an important contributor to Mako from its open pit and underground resources for the foreseeable

future. However, Las Conchitas was selected as our second priority because of access and logistics, not

because of resource potential. Our second priority was always at the historic El Golfo area to the southwest

of Las Conchitas. Drilling at El Golfo commenced in April, with results due back imminently.”

Cruz Grande/El Limon Vein

Drilling between the Cruz Grande and El Limon/Mango/Bayacun (“LMB”) pit area was designed to test the

continuity of shallow gold mineralization, as defined in the MRE , and to evaluate the potential for

underground resources within an area of sparse drill data (see drill plan below). Positively, the drill results

indicate that the Cruz Grande and El Limon veins are part of a larger, interconnected mineralized system.

Previously, the veins were interpreted as two distinct veins. Results justify additional drilling to delineate

potential mining areas and to improve the understanding of gold distribution.

Drill hole LC25-RC921 intersected 117.98 g/t Au and 37.0 g/t Ag over 2.0 m (1.7 m ETW), 103 m below

surface, and confirmed an 87 m up-dip extension of the gold vein intersected by diamond drill hole LC19-

124 (see press release dated January 6, 2020). LC19-124 intersected two intervals representing the El

Limon Zone of 8.68 g/t Au and 24.9 g/t Ag over 0.8 m and 26.8 g/t Au and 50.1 g/t Ag over 0.7 m,

respectively. The second interval intersected mineralization at a vertical depth of 155 meters.

Intermediate Vein

Drilling at the Intermediate pit area was designed to test a previously identified high -grade gold zone

outside the MRE pit limits. Confirmation of this data has been positive, and mining has commenced in this

area.

LC24-RC721, situated between two pits defined in the MRE, intersected 14.76 g/t Au and 13.67 g/t Ag

over 3.0 m (2.6 m ETW), 65 m below surface. This drill hole confirms structural continuity of the vein and

demonstrates a 15 m strike extension from LC22-911 (see press release dated October 24, 2022) which

intersected 22.89 g/t Au and 7.2 g/t Ag over 1.40 m (1.3 m ETW), at a vertical distance of 66.5 m.

Mina Francisco Vein

The Company has completed 27 RC drill holes totaling approximately 3,100 m, at a nominal 15 m spacing,

in order to delineate gold mineralization for detailed underground mine design. The results of this drilling

have identified a new high-grade vein (“MF2”) and have demonstrated a higher grade-thickness than what

was delineated in the previously identified Mina Francisco vein (“MF1”).

The new high-grade mineralization intersected by drill hole LC25-RC873 reports 18.14 g/t Au and 9.5 g/t

Ag over 7.0 m (6.7 m ETW), 111 m below surface. This composite contained both the MF1 and the new

MF2 structure separated by 1 m of internal dilution (see table below).

Drill hole LC24-RC614 located 47 m SW of LC25 -RC873 also intersected two mineralized zones, 89 m

below surface (see table below). The first interval intersected 24.1 g/t of Au and 11.4 g/t Ag over 1.0 m

(ETW) in MF1 and 5 m below this interval, MF2 returned 24.59 g/t Au and 10.2 g/t Ag over 4.0 m (3.1 m

ETW).

These two holes indicate the potential to add an additional zone below the main zone which has not been

considered in the current underground mine plan. Drilling to date indicates this new zone is at least 100 m

x 40 m. Additional drilling is planned with the objective of extending this zone, as well as incorporating it

into a detailed mine plan.

The wider than average MF1 is defined by six drill holes which average 7.0 g/t Au over 3.6 m (ETW) making

this area one of the wider zones encountered to date. The widest intercept was in hole LC25-RC611 which

intersected 12.0 m (7.8 m ETW) at 5.01 g/t Au and 5.7 g/t Ag followed by LC25-RC612 which intersected

9.0 m (5.2 m ETW) at 5.27 g/t Au and 4.5 g/t Ag. The other holes that define this zone are LC25-RC609 -

9.81 g/t Au and 7.4 g/t Ag over 4.0 m (3.9 m ETW); LC25-RC610 - 6.70 g/t Au and 3.0 g/t Ag over 3.0 m

(2.9 m ETW); LC25-RC614 - 24.10 g/t Au and 11.4 g/t Ag over 1.0 m (ETW) and LC22-536 7.69 g/t Au

and 5.9 g/t Ag over 2.5 m (2.3 m ETW) (see press release dated Oct 24, 2022). The new, wider zone

measures approximately 46 m x 46 m.

The Company is also targeting extensions of shallow, high-grade gold zones beyond the current MRE pit

limits. Drill hole LC24-RC633 intersected 29.57 g/t Au and 66.7 g/t Ag over 3.0 m (2.6 m ETW), 22 m below

surface, and below the pit limit defined by the MRE.

Bayacun vein (LMB Pit)

In the LMB area, the key objective of the recent drilling program has been to test extensions of shallow,

high-grade mineralized zones within the current MRE pit limits. Drill hole LC24-RC720 intersected, 24.95

g/t Au and 28.9 g/t Ag over 4.0 m (3.9 m ETW), 27 m below surface. This intercept is located 17 m up-dip

from drill hole LC19-102, which intersected 15.21 g/t Au and 24.9 g/t Ag over 2. 6 m (2.0 m ETW), 33 m

below surface (see press release dated September 10, 2019).

Table - Assay Results Reported in This Press Release

Zone RC Drill Hole From

(m)

Width

(m)

(g/t)

(g/t) Interval

Tirado LC25-RC809 65 66 1 1.34 4.9 1.34 g/t of Au and 4.9 g/t of Ag over 1.00 m

San Pablo LC24-RC518 68 69 1 2.41 1.5 2.41 g/t of Au and 1.5 g/t of Ag over 1.00 m

San Pablo LC24-RC580 98 99 1 5.48 4.6 5.48 g/t of Au and 4.6 g/t of Ag over 1.00 m

88 89 1 4.05 9.6

89 90 1 9.10 4.5

San Pablo LC24-RC601 95 96 1 1.02 0.8 1.02 g/t of Au and 0.8 g/t of Ag over 1.00 m

122 123 1 3.16 0.9

123 124 1 0.15 0.3

124 125 1 2.32 3.2

125 126 1 0.33 0.7

126 127 1 1.60 2.8

70 71 1 1.27 2.2

71 72 1 2.12 2.8

72 73 1 3.35 4.8

Mina Francisco LC25-RC857 100 101 1 12.20 5.4 12.20 g/t of Au and 5.4 g/t of Ag over 1.00 m

San Pablo 11 12 1 1.62 1.5 1.62 g/t of Au and 1.5 g/t of Ag over 1.00 m

San Pablo-MF 36 37 1 10.40 4.3 10.40 g/t of Au and 4.3 g/t of Ag over 1.00 m

Mina Francisco 97 98 1 3.29 16.1 3.29 g/t of Au and 16.1 g/t of Ag over 1.00 m

101 102 1 22.10 19.8

102 103 1 0.74 1.8

103 104 1 1.45 2.3

Upper Mina Francisco 3 4 1 1.62 1.1

4 5 1 0.06 0.5

Mina Francisco 5 6 1 1.77 1.1

Mina Francisco LC24-RC545 20 21 1 2.07 3.8 2.07 g/t of Au and 3.8 g/t of Ag over 1.00 m

Mina Francisco LC24-RC553 59 60 1 5.99 6.0 5.99 g/t of Au and 6.0 g/t of Ag over 1.00 m

Mina Francisco LC25-RC897 100 101 1 5.00 10.2 5.00 g/t of Au and 10.2 g/t of Ag over 1.00 m

Mina Francisco LC25-RC898 109 110 1 1.20 3.6 1.20 g/t of Au and 3.6 g/t of Ag over 1.00 m

51 52 1 6.02 6.2

52 53 1 1.77 5.2

Upper Mina Francisco 10 11 1 1.09 2.3 1.09 g/t of Au and 2.3 g/t of Ag over 1.00 m

34 35 1 14.70 67.8

35 36 1 43.30 59.9

36 37 1 30.70 72.4

Mina Francisco LC24-RC695 31 32 1 1.01 1.9 1.01 g/t of Au and 1.9 g/t of Ag over 1.00 m

Mina Francisco 105 106 1 2.42 4.1 2.42 g/t of Au and 4.1 g/t of Ag over 1.00 m

108 109 1 1.10 1.0

109 110 1 1.31 0.7

Mina Francisco 93 94 1 3.28 15.2 3.28 g/t of Au and 15.2 g/t of Ag over 1.00 m

Mina Francisco 2 96 97 1 1.26 0.9 1.26 g/t of Au and 0.9 g/t of Ag over 1.00 m

111 112 1 70.90 24.4

112 113 1 3.51 3.5

113 114 1 15.40 9.7

114 115 1 0.10 0.8

115 116 1 31.50 23.8

116 117 1 3.00 3.1

117 118 1 2.54 1.1

Mina Francisco LC25-RC603 40 41 1 3.05 53.7 3.05 g/t of Au and 53.7 g/t of Ag over 1.00 m

Mina Francisco LC25-RC604 78 79 1 9.97 19.3 9.97 g/t of Au and 19.3 g/t of Ag over 1.00 m

Mina Francisco LC25-RC605 67 68 1 2.93 7.1 2.93 g/t of Au and 7.1 g/t of Ag over 1.00 m

40 41 1 1.40 2.5

41 42 1 5.00 2.4

42 43 1 1.26 1.0

65 66 1 1.76 1.0

66 67 1 34.30 23.9

67 68 1 1.72 3.1

68 69 1 1.44 1.4

68 69 1 11.70 6.8

69 70 1 2.81 1.7

70 71 1 5.58 0.5

San Pablo

Mina Francisco

Mina Francisco 2

Mina Francisco

Mina Francisco 2

Mina Francisco

1.20 g/t of Au and 0.9 g/t of Ag over 2.00 mLC25-RC871

LC25-RC610

Mina Francisco

LC24-RC633

2.55 g/t of Au and 2.0 g/t of Ag over 3.00 m LC25-RC606

6.70 g/t of Au and 3.0 g/t of Ag over 3.00 m

LC24-RC582 6.58 g/t of Au and 7.1 g/t of Ag over 2.00 m

LC24-RC517 1.15 g/t of Au and 0.9 g/t of Ag over 3.00 m

1.51 g/t of Au and 1.6 g/t of Ag over 5.00 m

2.24 g/t of Au and 3.3 g/t of Ag over 3.00 m

LC25-RC807

LC25-RC851

LC24-RC631 3.90 g/t of Au and 5.7 g/t of Ag over 2.00 m

LC25-RC872

18.14 g/t of Au and 9.5 g/t of Ag over 7.00 m; incl.

29.94 g/t of Au and 37.6 g/t of Ag over 3.00 m; and

12.35 g/t of Au and 28.0 g/t of Ag over 3.00 m

8.09 g/t of Au and 8.0 g/t of Ag over 3.00 m LC25-RC875

LC25-RC873

LC25-RC609

LC25-RC874

29.57 g/t of Au and 66.7 g/t of Ag over 3.00 m

9.81 g/t of Au and 7.4 g/t of Ag over 4.00 m

Zone RC Drill Hole From

(m)

Width

(m)

(g/t)

(g/t) Interval

71 72 1 4.09 1.6

72 73 1 5.15 3.3

73 74 1 11.70 16.8

74 75 1 14.90 10.4

75 76 1 5.40 1.9

76 77 1 3.33 2.5

77 78 1 9.07 14.3

78 79 1 0.82 1.7

79 80 1 1.05 4.3

80 81 1 0.18 2.5

81 82 1 3.08 4.4

82 83 1 1.32 4.1

78 79 1 2.46 4.3

79 80 1 10.90 9.5

80 81 1 1.35 1.1

81 82 1 1.42 3.1

82 83 1 1.23 3.5

83 84 1 3.98 5.8

84 85 1 6.85 3.1

85 86 1 5.06 2.3

86 87 1 14.20 7.9

Mina Francisco 84 85 1 5.58 20.5 5.58 g/t of Au and 20.5 g/t of Ag over 1.00 m

90 91 1 1.83 0.8

91 92 1 5.95 1.9

Mina Francisco 86 87 1 24.10 11.4 24.10 g/t of Au and 11.4 g/t of Ag over 1.00 m

92 93 1 6.34 6.2

93 94 1 18.70 11.4

94 95 1 70.10 21.9

95 96 1 3.22 1.2

Mina Francisco 2 LC25-RC615 96 97 1 21.40 9.9 21.40 g/t of Au and 9.9 g/t of Ag over 1.00 m

81 82 1 4.50 10.1

82 83 1 1.41 1.9

Mina Francisco 2 91 92 1 6.31 6.4 6.31 g/t of Au and 6.4 g/t of Ag over 1.00 m

101 102 1 2.93 2.5

102 103 1 2.23 1.1

94 95 1 3.49 7.3

95 96 1 2.37 11.9

Mina Francisco 2 108 109 1 1.29 3.5 1.29 g/t of Au and 3.5 g/t of Ag over 1.00 m

San Pablo 6 7 1 2.74 6.2 2.74 g/t of Au and 6.2 g/t of Ag over 1.00 m

Mina Francisco 99 100 1 7.64 3.6 7.64 g/t of Au and 3.6 g/t of Ag over 1.00 m

Mina Francisco LC25-RC620 100 101 1 5.03 15.7 5.03 g/t of Au and 15.7 g/t of Ag over 1.00 m

Intermediate LC24-RC628 71 72 1 4.78 8.9 4.78 g/t of Au and 8.9 g/t of Ag over 1.00 m

68 69 1 4.97 6.8

69 70 1 1.09 1.8

Intermediate LC24-RC635 51 52 1 3.61 4.6 3.61 g/t of Au and 4.6 g/t of Ag over 1.00 m

15 16 1 1.56 3.4

16 17 1 14.40 18.2

Intermediate LC24-RC639 44 45 1 7.76 3.9 7.76 g/t of Au and 3.9 g/t of Ag over 1.00 m

Intermediate LC24-RC692 71 72 1 11.30 28.2 11.30 g/t of Au and 28.2 g/t of Ag over 1.00 m

57 58 1 2.82 1.1

58 59 1 1.72 1.1

65 66 1 1.70 1.6

66 67 1 39.20 35.5

67 68 1 3.37 3.9

Intermediate LC24-RC722 87 88 1 1.27 7.5 1.27 g/t of Au and 7.5 g/t of Ag over 1.00 m

45 46 1 1.63 3.2

46 47 1 1.22 1.4

47 48 1 19.70 22.4

43 44 1 9.92 16.0

44 45 1 1.56 2.0

28 29 1 8.74 9.7

29 30 1 4.58 4.9

33 34 1 1.15 6.6 1.15 g/t of Au and 6.6 g/t of Ag over 1.00 m

9 10 1 2.74 11.7 2.74 g/t of Au and 11.7 g/t of Ag over 1.00 m

14 15 1 4.16 4.9 4.16 g/t of Au and 4.9 g/t of Ag over 1.00 m

26 27 1 9.23 12.4

27 28 1 7.80 10.1

LC25-RC612

LC25-RC614

Mina Francisco 2

Mina Francisco 2b

Mina Francisco

Intermediate

Mina Francisco-Intermediate

Intermediate

LC24-RC727

LC24-RC728

2.93 g/t of Au and 9.6 g/t of Ag over 2.00 mLC25-RC618

LC25-RC619

LC25-RC616 2.95 g/t of Au and 6.0 g/t of Ag over 2.00 m

2.58 g/t of Au and 1.8 g/t of Ag over 2.00 m LC25-RC617

5.01 g/t of Au and 5.7 g/t of Ag over 12.00 m

5.27 g/t of Au and 4.5 g/t of Ag over 9.00 m

24.59 g/t of Au and 10.2 g/t of Ag over 4.00 m

LC25-RC611

LC24-RC698

LC24-RC637 7.98 g/t of Au and 10.8 g/t of Ag over 2.00 m

LC24-RC630 3.03 g/t of Au and 4.3 g/t of Ag over 2.00 m

2.27 g/t of Au and 1.1 g/t of Ag over 2.00 m

LC25-RC613 3.89 g/t of Au and 1.4 g/t of Ag over 2.00 m

5.74 g/t of Au and 9.0 g/t of Ag over 2.00 m

LC24-RC721

LC24-RC724 7.52 g/t of Au and 9.0 g/t of Ag over 3.00 m

8.51 g/t of Au and 11.3 g/t of Ag over 2.00 m

LC24-RC725

LC24-RC726

14.76 g/t of Au and 13.67 g/t of Ag over 3.00 m

6.66 g/t of Au and 7.3 g/t of Ag over 2.00 m

Zone RC Drill Hole From

(m)

Width

(m)

(g/t)

(g/t) Interval

33 34 1 9.36 13.2

34 35 1 7.26 6.8

35 36 1 13.80 20.3

36 37 1 1.94 2.5

Intermediate LC24-RC731 70 71 1 5.95 7.8 5.95 g/t of Au and 7.8 g/t of Ag over 1.00 m

Intermediate LC24-RC733 78 79 1 1.08 2.0 1.08 g/t of Au and 2.0 g/t of Ag over 1.00 m

3 4 1 1.93 5.7

4 5 1 2.27 11.6

Intermediate 2 LC25-RC812 19 20 1 7.20 24.0 7.20 g/t of Au and 24.0 g/t of Ag over 1.00 m

Intermediate 2 LC25-RC813 21 22 1 1.06 37.6 1.06 g/t of Au and 37.6 g/t of Ag over 1.00 m

Intermediate 2 LC24-RC800 48 49 1 1.27 1.9 1.27 g/t of Au and 1.9 g/t of Ag over 1.00 m

Intermediate 3 LC24-RC784 40 41 1 1.97 1.2 1.97 g/t of Au and 1.2 g/t of Ag over 1.00 m

Intermediate 4 LC24-RC736 73 74 1 1.08 3.5 1.08 g/t of Au and 3.5 g/t of Ag over 1.00 m

Cruz Grande LC25-RC814 130 131 1 1.38 6.3 1.38 g/t of Au and 6.3 g/t of Ag over 1.00 m

Intermediate 2 27 28 1 3.16 9.8 3.16 g/t of Au and 9.8 g/t of Ag over 1.00 m

Cruz Grande 149 150 1 3.80 2.9 3.80 g/t of Au and 2.9 g/t of Ag over 1.00 m

Intermediate 2 LC24-RC794 1 2 1 3.46 5.5 3.46 g/t of Au and 5.5 g/t of Ag over 1.00 m

Cruz Grande LC24-RC796 1 2 1 2.60 2 2.60 g/t of Au and 2 g/t of Ag over 1.00 m

Cruz Grande LC24-RC664 24 25 1 4.56 6.7 4.56 g/t of Au and 6.7 g/t of Ag over 1.00 m

15 16 1 1.61 3.4

16 17 1 1.43 3.4

17 18 1 4.79 3.6

18 19 1 2.93 2.5

Cruz Grande 80 81 1 1.07 0.7 1.07 g/t of Au and 0.7 g/t of Ag over 1.00 m

Cruz Grande 87 88 1 1.68 2.2 1.68 g/t of Au and 2.2 g/t of Ag over 1.00 m

Cruz Grande 2 LC24-RC669 65 66 1 1.19 0.3 1.19 g/t of Au and 0.3 g/t of Ag over 1.00 m

Cruz Grande LC24-RC670 32 33 1 1.02 1.1 1.02 g/t of Au and 1.1 g/t of Ag over 1.00 m

16 17 1 1.39 2.8

17 18 1 2.11 4.8

18 19 1 0.81 3.3

19 20 1 5.26 6.3

20 21 1 7.36 25.3

Cruz Grande LC24-RC674 27 28 1 4.32 10.7 4.32 g/t of Au and 10.7 g/t of Ag over 1.00 m

25 26 1 2.63 5.9

26 27 1 1.74 7.8

44 45 1 3.32 1.3

45 46 1 5.62 1.7

Cruz Grande-3 49 50 1 1.14 1.0 1.138 g/t of Au and 1 g/t of Ag over 1.00 m

22 23 1 5.24 7.8

23 24 1 4.33 5.4

40 41 1 14.90 9.9

41 42 1 1.45 4.4

Cruz Grande LC25-RC817 107 108 1 2.02 63.4 2.02 g/t of Au and 63.4 g/t of Ag over 1.00 m

Cruz Grande 2 LC25-RC818 57 58 1 1.77 0.9 1.77 g/t of Au and 0.9 g/t of Ag over 1.00 m

Cruz Grande 30 31 1 1.14 1.2 1.14 g/t of Au and 1.2 g/t of Ag over 1.00 m

Cruz Grande 2 45 46 1 1.24 1.3 1.24 g/t of Au and 1.3 g/t of Ag over 1.00 m

Upper Cruz Grande LC25-RC823 1 2 1 1.12 1.0 1.12 g/t of Au and 1.0 g/t of Ag over 1.00 m

0 1 1 5.17 11.1

1 2 1 1.82 5.8

2 3 1 0.15 0.9

3 4 1 2.20 0.5

103 104 1 229.80 72.5

104 105 1 6.15 1.5

Upper Limon LC24-RC681 28 29 1 2.53 4.4 2.53 g/t of Au and 4.4 g/t of Ag over 1.00 m

Upper Limon LC24-RC683 51 52 1 1.62 3.4 1.62 g/t of Au and 3.4 g/t of Ag over 1.00 m

Upper Limon LC24-RC686 54 55 1 2.81 1.5 2.81 g/t of Au and 1.5 g/t of Ag over 1.00 m

51 52 1 3.55 2.8

52 53 1 7.72 22.0

53 54 1 1.17 4.6

54 55 1 0.55 1.5

55 56 1 14.40 19.0

Upper Limon LC24-RC742 41 42 1 4.53 6.4 4.53 g/t of Au and 6.4 g/t of Ag over 1.00 m

Upper Limon LC24-RC744 30 31 1 1.33 0.8 1.33 g/t of Au and 0.8 g/t of Ag over 1.00 m

Upper Limon a 19 20 1 4.96 3.6 4.96 g/t of Au and 3.6 g/t of Ag over 1.00 m

Upper Limon 39 40 1 1.48 1.4 1.48 g/t of Au and 1.4 g/t of Ag over 1.00 m

Upper Limon LC24-RC747 47 48 1 3.96 6.3 3.96 g/t of Au and 6.3 g/t of Ag over 1.00 m

38 39 1 1.37 1.4

39 40 1 3.27 3.7

Cruz Grande 2

Cruz Grande-3

Cruz Grande

Upper Limon

Cruz Grande

Intermediate

LC24-RC675

2.19 g/t of Au and 6.9 g/t of Ag over 2.00 m

4.47 g/t of Au and 1.5 g/t of Ag over 2.00 m

LC25-RC815

Intermediate 2

Upper Cruz Grande

Cruz Grande

LC24-RC671

8.09 g/t of Au and 10.7 g/t of Ag over 4.00 m

2.10 g/t of Au and 8.7 g/t of Ag over 2.00 m

117.98 g/t of Au and 37.0 g/t of Ag over 2.00 m LC25-RC921

LC25-RC820

LC24-RC738

LC24-RC729

3.39 g/t of Au and 8.5 g/t of Ag over 5.00 m

LC24-RC676 4.79 g/t of Au and 6.6 g/t of Ag over 2.00 m

LC24-RC679 8.18 g/t of Au and 7.2 g/t of Ag over 2.00 m

LC24-RC689 5.48 g/t of Au and 10.0 g/t of Ag over 5.00 m

LC24-RC748 2.32 g/t of Au and 2.6 g/t of Ag over 2.00 m

2.34 g/t of Au and 4.6 g/t of Ag over 4.00 mLC25-RC824

LC24-RC666

2.69 g/t of Au and 3.2 g/t of Ag over 4.00 m

LC24-RC746

Note: The mineralized intervals shown above utilize a 1.0 g/t gold cut -off grade with not more than 1.0 m of internal dilution.

*Widths are reported as drill hole lengths. True width is estimated to be between 60% and 100% of the downhole width. In addition

to the drill holes presented in the table above, the following drill holes returned only anomalous values: LC25 -RC808, LC25-

RC854, LC25 -RC868, LC24 -RC581, LC24 -RC602, LC25 -RC810, LC25 -RC852, LC25 -RC853, LC25 -RC855, LC25 -RC860,

LC25-RC862, LC25-RC863, LC25-RC864, LC25-RC866, LC25-RC869, LC25-RC902, LC25-RC893, LC25-RC894, LC25-RC895,

LC25-RC896, LC25-RC900, LC24-RC560, LC24-RC634, LC24-RC694, LC24-RC696, LC25-RC892, LC25-RC907, LC25-RC931,

Zone RC Drill Hole From

(m)

Width

(m)

(g/t)

(g/t) Interval

Upper Mina Francisco 3 4 1 1.28 3.5 1.28 g/t of Au and 3.5 g/t of Ag over 1.00 m

Upper Limon 115 116 1 4.25 4.4 4.25 g/t of Au and 4.4 g/t of Ag over 1.00 m

6 7 1 1.66 3.6

7 8 1 1.96 2.1

Upper Limon LC24-RC755 28 29 1 14.30 7.3 14.30 g/t of Au and 7.3 g/t of Ag over 1.00 m

Upper Limon LC24-RC756 22 23 1 5.17 22.2 5.17 g/t of Au and 22.2 g/t of Ag over 1.00 m

6 7 1 1.54 1.5

7 8 1 0.86 2.6

8 9 1 5.54 2.6

Upper Limon LC24-RC775 91 92 1 1.03 0.7 1.03 g/t of Au and 0.7 g/t of Ag over 1.00 m

26 27 1 1.86 2.0

27 28 1 14.70 18.9

Intermediate 46 47 1 4.06 11.1 4.06 g/t of Au and 11.1 g/t of Ag over 1.00 m

Intermediate LC25-RC832 50 51 1 1.62 0.7 1.62 g/t of Au and 0.7 g/t of Ag over 1.00 m

Upper Limon LC25-RC835 75 76 1 7.78 26.7 7.78 g/t of Au and 26.7 g/t of Ag over 1.00 m

21 22 1 9.90 8.2 9.90 g/t of Au and 8.2 g/t of Ag over 1.00 m

26 27 1 1.60 3.0

27 28 1 2.26 1.7

Intermediate 39 40 1 1.11 3.0 1.11 g/t of Au and 3.0 g/t of Ag over 1.00 m

79 80 1 1.70 2.5

80 81 1 1.58 2.7

Upper Limon LC25-RC844 82 83 1 1.04 2.7 1.04 g/t of Au and 2.7 g/t of Ag over 1.00 m

Limon LC24-RC493 71 72 1 1.09 3.3 1.09 g/t of Au and 3.3 g/t of Ag over 1.00 m

Limon LC25-RC826 41 42 1 1.06 2.4 1.06 g/t of Au and 2.4 g/t of Ag over 1.00 m

Limon LC25-RC829 73 74 1 1.28 5.0 1.28 g/t of Au and 5.0 g/t of Ag over 1.00 m

Limon 24 25 1 6.80 2.7 6.80 g/t of Au and 2.7 g/t of Ag over 1.00 m

Limon b 31 32 1 2.79 2.4 2.79 g/t of Au and 2.4 g/t of Ag over 1.00 m

Limon a LC25-RC919 27 28 1 4.37 9.6 4.37 g/t of Au and 9.6 g/t of Ag over 1.00 m

Limon 33 34 1 1.26 1.7 1.26 g/t of Au and 1.7 g/t of Ag over 1.00 m

Mango 2 92 93 1 1.91 2.9 1.91 g/t of Au and 2.9 g/t of Ag over 1.00 m

Limon LC24-RC647 31 32 1 2.53 2.3 2.53 g/t of Au and 2.3 g/t of Ag over 1.00 m

Limon LC24-RC652 3 4 1 1.00 0.8 1.00 g/t of Au and 0.8 g/t of Ag over 1.00 m

3 4 1 2.59 1.0

4 5 1 1.18 0.7

Limon LC24-RC654 0 1 1 2.46 2.8 2.46 g/t of Au and 2.8 g/t of Ag over 1.00 m

77 78 1 2.03 3.5

78 79 1 0.25 0.7

79 80 1 1.49 5.4

Mango 2 LC24-RC643 104 105 1 2.71 2.9 2.71 g/t of Au and 2.9 g/t of Ag over 1.00 m

7 8 1 1.10 0.8

8 9 1 0.21 0.6

9 10 1 3.43 1.4

Mango 2 LC24-RC660 0 1 1 1.29 1.7 1.29 g/t of Au and 1.7 g/t of Ag over 1.00 m

46 47 1 1.97 1.7

47 48 1 1.17 10.6

39 40 1 30.20 82.1

40 41 1 65.80 29.0

41 42 1 1.86 1.4

42 43 1 1.93 2.9

49 50 1 1.83 2.3

50 51 1 12.60 10.4

51 52 1 1.44 0.6

Las Dolores LC24-RC420 32 33 1 1.31 1.0 1.31 g/t of Au and 1.0 g/t of Ag over 1.00 m

Bayacun

Upper Limon

Mango 1

Mango 2

Bayacun

Upper Limon

Limon

LC25-RC843 1.64 g/t of Au and 2.6 g/t of Ag over 2.00 m

LC25-RC841 1.93 g/t of Au and 2.4 g/t of Ag over 2.00 m

5.29 g/t of Au and 4.4 g/t of Ag over 3.00 m

1.58 g/t of Au and 0.9 g/t of Ag over 3.00 mLC24-RC658

1.57 g/t of Au and 6.2 g/t of Ag over 2.00 mLC24-RC655

LC24-RC644

LC24-RC641 1.26 g/t of Au and 3.2 g/t of Ag over 3.00 m

LC24-RC720 24.95 g/t of Au and 28.9 g/t of Ag over 4.00 m

8.28 g/t of Au and 10.5 g/t of Ag over 2.00 m LC25-RC831

LC24-RC754 1.81 g/t of Au and 2.9 g/t of Ag over 2.00 m

LC25-RC914

LC24-RC765 2.65 g/t of Au and 2.2 g/t of Ag over 3.00 m

LC24-RC751

LC24-RC653 1.89 g/t of Au and 0.9 g/t of Ag over 2.00 m

LC24-RC811

LC25-RC939, LC25-RC607, LC24-RC632, LC24-RC690, LC24-RC693, LC24-RC723, LC24-RC732, LC24-RC734, LC24-RC735,

LC24-RC805, LC24-RC739, LC24-RC786, LC24-RC789, LC24-RC801, LC24-RC803, LC24-RC804, LC24-RC737, LC24-RC788,

LC24-RC798, LC24-RC791, LC24-RC792, LC24-RC793, LC24-RC795, LC24-RC621, LC24-RC622, LC24-RC665, LC24-RC667,

LC24-RC668, LC24-RC672, LC24-RC673,LC24-RC680, LC25-RC816, LC25-RC821, LC25-RC825, LC24-RC684, LC24-RC685,

LC24-RC687, LC24-RC745, LC24-RC749, LC24-RC750, LC24-RC752, LC24-RC758, LC24-RC759, LC24-RC762, LC24-RC763,

LC24-RC767, LC24-RC772, LC24-RC774. LC24-RC777, LC24-RC778, LC24-RC779, LC24-RC780, LC25-RC833, LC25-RC836,

LC25-RC837, LC25-RC840, LC25-RC842, LC24-RC497, LC24-RC499, LC25-RC827, LC25-RC828, LC25-RC913, LC25-RC915,

LC25-RC917, LC25-RC920, LC24-RC645,LC24-RC646, LC24-RC648, LC24-RC650, LC24-RC651, LC24-RC656, LC24-RC657,

LC24-RC659, LC24 -RC701, LC24 -RC704, LC24 -RC711, LC24 -RC712, LC24 -RC715, LC24 -RC716 and LC24 -RC719. In

addition to the drill holes presented in the table above, the following drill holes returned no significant values: LC25-RC806, LC25-

RC856, LC25 -RC858, LC25 -RC859, LC25 -RC861, LC25 -RC867, LC25 -RC870, LC25 -RC903, LC25 -RC904, LC25 -RC901,

LC25-RC891, LC25-RC905, LC25-RC906, LC25 -RC908 to LC25 -RC910, LC25-RC932 to LC2 5-RC934, LC25-RC608, LC24-

RC629, LC24-RC640, LC24-RC69141, LC24-RC697, LC24-RC730, LC24-RC740, LC24-RC781 to LC24-RC783, LC24-RC787,

LC24-RC790, LC24-RC799, LC24-RC802, LC24-RC785, LC24-RC797, LC24-RC563, LC24-RC568, LC24-RC569, LC24-RC627,

LC24-RC636, LC24-RC638, LC24-RC642, LC24-RC677, LC24-RC678, LC25-RC819, LC25-RC822, LC24-RC682, LC24-RC741,

LC24-RC743, LC24 -RC753, LC24 -RC757, LC24 -RC760, LC24 -RC761, LC24 -RC764, LC24 -RC766, LC24 -RC768 to LC24 -

RC771, LC24 -RC773, LC24 -RC776, LC25 -RC838, LC25 -RC839, LC25 -RC830, LC25 -RC911, LC25 -RC912, LC25 -RC916,

LC24-RC649, LC24-RC702, LC24-RC703, LC24-RC705 to LC24-RC710, LC24-RC713, LC24-RC714, LC24-RC717 and LC24-

RC718.

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