Mako Mining Grants Stock Options to Key Employees

Mako Mining Corp., a publicly listed gold mining, development, and exploration company, has granted an aggregate of 60,000 stock options under the terms of the Company's Omnibus Incentive Plan to two of its employees. Each employee received 30,000 stock options, with an exercise price of C$13.92 per common share. This price represents the 5-day volume-weighted average price (VWAP) of the Company's common shares on the TSXV, as of the last trading day prior to the date of grant. The options have a term of five years, expiring on September 17, 2031.

Mako Mining Corp. operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, which is recognized as one of the highest-grade open pit gold mines globally. The Company 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. Additionally, Mako holds a 100% interest in the PEA-stage Eagle Mountain Project in Guyana, South America, which is the subject of ongoing engineering, environmental, and mine permitting activities.

The grant of these stock options is part of Mako Mining's ongoing efforts to incentivize and retain key personnel.

Mako Mining Corp. remains focused on expanding its operations and exploring new opportunities in the gold mining industry. The Company's diverse portfolio of assets, including the high-grade San Albino mine and the PEA-stage Eagle Mountain Project, underscores its strategic position in the sector.