Mako Mining Corp. provided third quarter 2023 production results from its San Albino gold mine in northern Nicaragua, which is the ninth full quarter of production results since declaring commercial production on July 1, 2021. Financial results for third quarter 2023, including detailed reporting of operating costs, are expected to be released by next month.

For the period, the production highlights are: 47,732 tonnes mined containing 11,047 ounces of gold (oz Au) at a blended grade of 7.20 grams per tonne gold (g/t Au) and 13,931 ounces of silver (oz Ag) at a grade of 9.08 grams per tonne silver (g/t Ag)- 26,982 tonnes mined containing 9,153 oz Au at 10.55 g/t Au and 11,209 oz Ag at 12.92 g/t Ag from diluted vein material, 20,749 tonnes mined containing 1,894 oz Au at 2.84 g/t Au and 2,722 oz Ag at 4.08 g/t Ag from historical dump and other mineralized material above cutoff grade (historical dump + other), 23.2:1 strip ratio overall which includes pre-stripping of the Southwest Pit and the commencement of the bulk sample at San Pablo and Mina Francisco. 51,578 tonnes milled containing 10,997 oz Au at a blended grade of 6.63 g/t Au and 14,782 oz Ag at 8.91 g/t Ag- 44% and 56% from diluted vein and historical dump and other, respectively 598 tonnes per day (tpd) milled at 94% availability, Recoveries of 77.4% for gold in Third Quarter 2023 (85.5% from September 1st). 134,608 tonnes in stockpile containing 10,379 oz Au at a blended grade of 2.40 g/t Au.

8,601 oz Au Equiv. recovered and 5,698 oz Au. Equiv.

sold during the quarter due to a temporary delay in third party refining which was resolved in October. 2,234 finished product inventory as of September 30, 2023.