Mr. Akiba Leisman reports

MAKO MINING ANNOUNCES NORMAL COURSE ISSUER BID ACCEPTED BY TSX VENTURE EXCHANGE

The TSX Venture Exchange has accepted Mako Mining Corp.'s normal course issuer bid to purchase up to an aggregate of 4,350,450 common shares of the company, representing 5 per cent of the 87,009,006 common shares issued and outstanding on the date hereof.

Purchases under the NCIB may commence on Dec. 8, 2025, and will end no later than Dec. 7, 2026. The common shares will be purchased for cancellation through the facilities of the TSX-V in accordance with its policies and at market price. Mako has retained Stifel Nicolaus Canada Inc. to make purchases on its behalf under the NCIB.

The board of directors and senior management of the company believe that its common shares have been trading in a price range that does not adequately reflect their value in relation to the company's business and future business prospects. The repurchase of the company's common shares is, therefore, believed to be a prudent use of funds and in the best interests of Mako and its shareholders.

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 and offers district-scale exploration potential. Mako also owns the Moss mine in Arizona, an open-pit gold mine in northwestern Arizona. Mako also holds a 100-per-cent interest in the PEA-stage (preliminary economic assessment) Eagle Mountain project in Guyana, South America. Eagle Mountain is the subject of engineering, environmental and mine permitting activity.

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