Mr. John Hick reports

MAKO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND PROVIDES CORPORATE UPDATE

All matters (see management information circular filed on Sept. 7, 2023, on SEDAR+) were approved at Mako Mining Corp.'s annual general meeting (AGM) held on Oct. 13, 2023, including the reappointment of all six current directors at Mako.

Corporate update

Grant of RSUs and DSUs

The company has granted 975,000 RSUs (restricted share units) in aggregate to certain executives of the company. The RSUs shall vest one-third annually on Oct. 13, 2024, 2025, and 2026.

Additionally, the company has granted 275,000 DSUs (deferred share units) in aggregate to certain directors of the company. The DSUs will vest upon satisfaction of all terms pursuant to the company's omnibus incentive plan.

About Mako Mining Corp.

Mako Mining 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 finance exploration of prospective targets on its district-scale land package.

We seek Safe Harbor.