MAKO MNG CORP - MAKOF STOCK NEWS

Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) announces positive results from RC infill drilling at Las Conchitas, showing high-grade gold and silver intersections. The drilling aimed to enhance the model and Mineral Resource Estimate, with plans to begin mining in the coming months. The results indicate potential for wider zones and improved understanding of vein geometry. A revised geologic model will be generated based on the 230 RC drill holes totaling approximately 9,000 meters.

Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced its Q4 2022 financial results, marking the sixth quarter since declaring commercial production at the San Albino gold mine. Key highlights include:

• $16.1 million in revenue
• $7.8 million in Adjusted EBITDA
• $8.8 million in Mine Operating Cash Flow
• $0.8 million net loss, primarily due to depreciation and exploration expenses
• Cash costs at $715/oz sold
• AISC at $1,062/oz sold

Record gold sales of 9,956 ounces were achieved, and the company reported total Mine OCF of $28.8 million for the year. Mako plans to continue growth and debt repayment while transitioning to higher-grade material mining.

Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) announced the successful completion of a share consolidation on a ten-for-one basis, resulting in 65,743,403 common shares issued and outstanding. Fractional shares less than 0.5 will be canceled, while those 0.5 or greater will be rounded up. The trading symbol MKO remains unchanged, with adjustments made to outstanding options and warrants. Registered shareholders will receive a letter of transmittal from Computershare Trust Company of Canada for certificate exchange. The company aims to operate its high-grade San Albino gold mine profitably and continues to seek further exploration opportunities.