MAKO MNG CORP - MAKOF STOCK NEWS

Mako Mining Corp. reported significant high-grade drill results from the San Albino West Pit in Nicaragua, revealing gold mineralization over an area of approximately 530m by 470m. Key findings include 42.91 g/t Au over 4.50m in drill hole SA22-615 and additional high-grade intercepts in various holes. This drilling program successfully established geological continuity of previously identified mineral zones, with an updated mineral resource estimate expected early next year. A total of 27,533 meters in drill holes have been completed since 2011.

Mako Mining Corp. (TSXV: MKO, OTCQX: MAKOF) has announced positive drill results from the San Pablo zone at its Las Conchitas-North area. Significant gold and silver grades were reported from the newly discovered Mina Francisco and Tirado veins, with highlights including 51.80 g/t Au and 29.8 g/t Ag over 0.90 m from Mina Francisco. The exploration program, funded by cash flow from the San Albino mine, aims to expand resource potential. A total of 4,670 meters have been drilled in 2022, with further results expected throughout the year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) reported its Q1 2022 financial results, highlighting a revenue of $17.3 million and adjusted EBITDA of $8.3 million. The company incurred a net loss of $1.0 million while cash costs were recorded at $797 per ounce sold. The San Albino mine produced 9,580 ounces at a cash cost significantly impacted by rising diesel prices. Mako also invested $1.9 million in exploration and evaluation. Key developments include $4.6 million in loan repayments during the quarter and plans to double production capacity to 1,000 tonnes per day by next year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced its Q1 2022 production results from the San Albino gold mine in Nicaragua. In this quarter, 49,780 tonnes were mined, yielding 11,577 ounces of gold at a grade of 7.23 g/t Au. The mill processed 46,869 tonnes, recovering 10,843 ounces of gold with an 85.6% recovery rate. The company sold 9,580 ounces at an average price of US$1,870 per ounce. CEO Akiba Leisman highlighted improvements in throughput, operating cash flow, and the ongoing optimization of the mill, indicating strong potential for future production.

Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) reported strong Q4 2021 results, with $16.6 million in revenue and $9.4 million in Mine Operating Cash Flow. The company achieved a net income of $3.2 million while maintaining cash costs of $589 per ounce sold. Exploration expenses totaled $1.7 million, contributing to a robust financial position. Significant principal repayments of $7.1 million since Q4 2021 reflect the company’s commitment to financial health and plans to double processing capacity to 1,000 tonnes per day by next year.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) announced promising results from its exploration of the La Segoviana Concession, revealing high-grade gold mineralization at four prospects: El Silencio, La Reforma, San Luis-Caballo, and Minas America. Sampling yielded impressive grades, with La Reforma reaching up to 105.70 g/t Au over 1.5m. The company has secured surface rights for La Reforma, aimed at expediting development. A planned 7,000m drilling program will commence in the latter half of 2022 to further explore the region's potential.

Mako Mining Corp. (OTCQX: MAKOF) announced promising drill results from the Las Conchitas-South area of its San Albino-Murra property in Nicaragua. Notable highlights include:

• 138.29 g/t Au and 99.0 g/t Ag over 1.45 m in drill hole LC21-432.
• 74.31 g/t Au and 38.1 g/t Ag over 0.80 m in LC21-415, demonstrating a 30m strike extension.
• 31.00 g/t Au and 14.9 g/t Ag over 1.00 m in LC21-419, confirming mineralization extension.

CEO Akiba Leisman emphasized these results suggest significant potential for the Las Conchitas maiden resource estimate by year-end.

Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) announced positive results from expansion drilling at its San Albino Mine in Nicaragua, confirming high-grade mineralization. The company approved a US$17.2 million exploration program funded through mine cash flow, planning 110,080m of drilling. Enhanced resource potential was highlighted with significant gold and silver intersections, including 43.73 g/t Au over 2.00m. The appointment of Paolo Durand as Vice President of Corporate Development was also announced, supporting the company's growth strategy.

Mako Mining Corp. (TSXV: MKO; OTCQX: MAKOF) has updated its capital structure as of February 8, 2022. Since Q3 2021, the company cancelled 37.3 million warrants and 12.34 million options unexercised. In February 2022, 1,503,800 RSUs were granted to executives and 1,318,400 DSUs to non-executive directors. The company repaid US$5.3 million of principal to Wexford Capital and Sailfish Royalty Corp. The share capital structure remains at 659,308,984 shares outstanding, with US$9.4 million principal remaining on the Wexford loan and 3,895 ounces of gold on the Sailfish loan.