Mako Mining Corp. provided an update of results from the ongoing reverse circulation (RC) drill program at Mako's newest mining area, Las Conchitas, located immediately south of the company's San Albino gold mine, which is currently in commercial production. Since the most recent mineral resource estimate ("MRE") at the San Albino Project was defined, the company has completed 9,951 m in 176 reverse circulation (RC) drill holes of the resource expansion drill program.

The results reported in this release are from the Southern portion of Las Conchitas, which hosts gold mineralization in three principal zones; El Limon, Mango and Bayacun. The main objectives of the near-surface, extension and confirmation drilling campaign were to gain a higher level of confidence of the grade and geometry of gold mineralization within six areas of interest where the Company has received a permit to process material through the San Albino plant and to identify gold mineralization for potential resource expansion beyond the Company's current MRE. To date, the 2024 drilling has been successful in identifying potential extensions of the El Limon and Mango mineralized structures.

The key objectives of this year's drilling program at the mine are to demonstrate extensions of high-grade zones beyond and outside the current MRE. Drill hole LC24-RC282 intersected one of the widest, high-grade zones reported to date, which is also located outside of the current MRE. The 9.0 m interval (ETW) assayed 13.43 g/t Au and 36.8 g/t Ag, starting at 57m from surface.

This drill hole is situated between two drill holes, approximately 40m apart along strike, which also intersected high-grade intervals. Drill hole LC22-475, situated approximately 30m SW by strike from LC24-RC282, intersected the same high-grade zone of 10.98 g/t Au and 27.0 g/t Ag over 2.0m (1.7m ETW), including 20.80 g/t Au and 49.9 g/t Ag over 1.0m, 33m from surface. Drill hole LC19-101, collared 11m NE along strike from LC24-RC282, intersected two mineralized zones of 4.62 g/t Au and 12.0 g/t Ag over 2.1 m and 19.55 g/t Au and 40.6 g/t Ag over 1.2 m. All three drill holes mentioned above, intersected the zone outside of the current resource model and confirm the potential for resource expansion beyond the Company's current MRE and have the potential to extend the current resource base and mine life.

The exploration team continues to advance drilling in the area with a goal of identifying further extensions of this mineralized zone. The company mining team has already begun plans to expand the pit in this area. At the El Limon zone, drill hole LC24-RC276 intersected at 42.0m vertical depth, the 2.0m wide (ETW) interval containing 9.65 g/t Au and 11.8 g/t Ag, confirming a 31m SW strike extension of high-grade mineralization, intersected by drill hole LC22-467 which assayed 37.02 g/t Au and 54.4 g/t Ag over 2.30 m (2.0 m ETW) at a vertical depth 52.0 m. Both drill holes intersected the zone outside of the current resource model and confirm potential resource expansion beyond the Company's current MRE.

In addition, recent drilling targeted mineralization in the Mango zone. This post-resource drilling supports the potential for additional, high grade, low strip ratio, mineral resources. Highlights of the Mango drilling include drill hole LC24-RC283 which intersected the Mango 2 zone, grading 7.30 g/t Au and 14.9 g/t Ag over 1.0 m (ETW), at 97m vertical depth and outside the current open pit resource in the MRE.

This high-grade intercept represents a 68.5 m down dip extension from drill hole LC20-149 that reported 5.17 g/t Au and 8.3 g/t Ag over 0.6 m (ETW) and 106 m down dip extension of drill hole LC20-148 which intersected a mineralized interval of 20.94 g/t Au and 6.13 g/t Ag over 2.3 m, 73m from surface.