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MKO.V ·

Mako Mining Reissues Two Exploration Press Releases With the Same Technical Information Reviewed by a Different Qualified Person

Corporate Updates

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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

May 30th, 2024

TSX-V: MKO; OTCQX: MAKOF

Mako Mining Reissues Two Exploration Press Releases With the Same Technical

Information Reviewed by a Different Qualified Person

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) announces that it has

come to the Company’s attention that the registration with the Engineers and Geoscientists of British

Columbia of one of Mako’s independent qualified persons, Mr. John Kowalchuk, senior geologist and a

consultant to Mako, expired on January 1 st, 2024, and as a result he did not meet the definition of a

“qualified person” under National Instrument 43-101 (“NI 43-101”) at the time he reviewed and approved

the Company’s news releases dated January 24th, 2024 and March 13 th, 2024 (the “News Releases”).

Accordingly, Dr. Matthew D. Gray, a qualified person under NI 43-101 has now reviewed and approved

the contents of these News Releases.

On behalf of the Board,

Akiba Leisman

Chief Executive Officer

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. Mako’s primary objective is to operate San Albino profitably

and fund exploration of prospective targets on its district-scale land package.

For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-

558-5289, E -mail: [email protected] or visit our website at www.makominingcorp.com

and SEDAR www.sedar.com.

Forward-Looking Information: Statements contained herein, other than historical fact, may be considered

“forward-looking information” within the meaning of applicable securities laws. The forward -looking information

contained herein is based on the Company’s plans and certain expectat ions and assumptions, including , without

limitation, that the Company can operate San Albino profitably in order to fund exploration of prospective targets on

its district-scale land package. Such forward -looking information is subject to a variety of risks and uncertainties

which could cause actual events or results to differ materially from those reflected in the forward-looking information,

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including the risks and uncertainties as disclosed in the Company’s public disclosure filings available on SEDAR at

www.sedar.com. Forward-looking information contained herein represents management’s best judgment as of the

date hereof, based on information currently available. Mako does not undertake to update any forward -looking

information, except in accordance with applicable securities laws.

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.