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Mako Mining Announces Director Resignation

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Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) announced on February 7, 2023, the resignation of Mr. Brian Szeto from its board of directors due to his employer's compliance policy changes. CEO Akiba Leisman expressed regret about Szeto's departure but noted his ongoing support for the company and the San Albino project. Mako Mining focuses on the profitable operation of its high-grade San Albino gold mine in Nicaragua and aims to fund exploration across its land package. The company continues to prioritize growth and operational excellence.

Positive
  • Mako Mining continues to focus on the profitable operation of the high-grade San Albino mine.
  • The company has ongoing support from former director Brian Szeto, indicating solid relationships.
Negative
  • The resignation of Brian Szeto from the board may create potential gaps in company leadership.

VANCOUVER, BC / ACCESSWIRE / February 7, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") announces that, further to the Company's announcement of the appointment of Mr. Brian Szeto to the board of directors ("BoD") on January 23, 2023, Mr. Szeto has resigned as a director of the Company as a result of a recent change to his current employer's compliance policies.

Akiba Leisman, CEO of Mako states that: "While it is unfortunate that Mr. Szeto had tor resign from our BoD, Brian remains an advocate of Mako and the San Albino project, and we will continue to correspond with him about our Company's growth just as we have done in the past 10 years."

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: 203-862-7059, E-mail: aleisman@makominingcorp.com or visit our website at www.makominingcorp.com and SEDAR www.sedar.com.

Forward-Looking Information: Some of the statements contained herein may be considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, "estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, Mako's primary objective to operate San Albino profitably and 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, including, without limitation, changes in the Company's exploration and development plans and growth parameters and its ability to fund its growth to reach its stated target capacity; unanticipated costs; and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR at www.sedar.com. Such 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.

SOURCE: Mako Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/738284/Mako-Mining-Announces-Director-Resignation

FAQ

What was the reason for Brian Szeto's resignation from Mako Mining Corp.?

Brian Szeto resigned from Mako Mining Corp.'s board due to changes in compliance policies at his current employer.

How does Brian Szeto's resignation impact Mako Mining Corp.?

While Brian Szeto's resignation may create leadership gaps, he remains an advocate for Mako and continues to support the San Albino project.

What are Mako Mining Corp.'s main objectives?

Mako Mining Corp. aims to operate the San Albino mine profitably and fund exploration on its extensive land package.

When did Mako Mining announce the resignation of Brian Szeto?

Mako Mining announced Brian Szeto's resignation on February 7, 2023.

What is the significance of the San Albino gold mine for Mako Mining Corp.?

The San Albino gold mine is one of the highest-grade open pit gold mines globally, crucial for Mako Mining's profitability and growth.

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