Mr. Akiba Leisman reports

MAKO MINING SECURES MINERAL AGREEMENT WITH THE GOVERNMENT OF GUYANA FOR THE EAGLE MOUNTAIN GOLD PROJECT

Mako Mining Corp. has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission (GGMC). The agreement provides the company and its 100-per-cent-owned subsidiary, Stronghold Guyana Inc., with a stability framework covering legal, fiscal and operating conditions for the Eagle Mountain gold project in Guyana.

The agreement is structured as a mineral agreement under Guyana's Mining Act, and provides legal stability for mining licences, prospecting licences, authorizations, as well as fiscal terms for 10 years, subject to specific environmental provisions. Following the initial 10-year term, the parties may negotiate modifications in good faith or renew on the same terms and conditions. Terms related to royalties, taxes, protections, government undertakings and company commitments in respect of training and the prioritization of qualified Guyanese workers, goods, services and contractors are consistent with current standard terms as established in prior mineral agreements in Guyana.

The agreement also outlines the company's commitments regarding environmental initiatives, community development and social programs. Annual financing will begin no later than 24 months from the date of the grant of the mining licence or 12 months from the start of production, whichever comes first. In addition, the company will make an annual contribution to the Ministry of Natural Resources' Training Centre with financing dedicated to training, capacity building and institutional development.

Steve Parsons, president of Mako, commented: "The signing of the mineral agreement marks a significant milestone for Eagle Mountain and represents an important step in advancing and derisking the project by providing greater certainty around key legal and fiscal terms. Equally important, the commitments relating to employment, training, environmental stewardship and community development are closely aligned with Mako's core values and the approach our teams employ with success across our portfolio of mines and projects. We appreciate the support of the Ministry of Natural Resources and the GGMC and look forward to continuing our collaborative approach as we advance the Eagle Mountain project under this new mineral agreement."

Looking ahead, the company remains focused on advancing the permitting and regulatory process required to obtain environmental authorization for the project. The environmental and social impact assessment (ESIA) was submitted to the Guyana Environmental Protection Agency in March, 2026, and the public comment period was completed in June, 2026. The company anticipates filing the final ESIA, incorporating feedback received from stakeholders and regulatory authorities, during the fourth quarter of 2026, with a permitting decision by the Guyana Environmental Protection Agency thereafter.

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 two assets in the United States: the Moss mine in Arizona, an open-pit gold mine in northwestern Arizona; and the Mt. Hamilton project, a permitted heap leach project in Nevada. 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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