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. In the 2024 RC drilling campaign, Mako has completed 244 drill holes totaling 15,314 meters.

The main objective of this campaign is to test possible extensions of the high-grade mineralized blocks and mineralization trends beyond the limits of the Company's most recent mineral resource estimate at the San Albino Project. The key objective of this year's drilling program at the Las Dolores area is to demonstrate extensions of high-grade zones beyond the current MRE, mainly within shallow oxide material. Drill holes LC24-RC331 and LC24-RC332 intersected a high grade, shallow zone, approximately 72m NE of the MRE pit.

Drill hole LC24-RC331 intersected 34.10 g/t Au and 29.4 g/t Ag over 1.0m (0.9m ETW) and drill hole LC24-RC332 intersected a wide, high-grade zone of 37.80 g/t Au and 50.0 g/t Ag over 3.0m (2.8m ETW). Both intercepts started approximately 16m below surface and are located approximately 67m northeast of the pit defined by the current MRE. Approximately 36m northeast of LC24-RC332, drill hole LC24-RC290 intersected 16.56 g/t Au and 12.8 g/t Ag over 2.0m (1.5m ETW).

This hole is located approximately 108m north of the pit defined by the current MRE. Drill hole LC24-RC-343 intersected 16.77 g/t Au over 2m (ETW), 17m northeast of the MRE pit limit, 38m below surfaceand LC24-RC344, located 16m northeast of LC24-RC343 intersected 17.90 g/t Au over 1m (0.9m ETW), within a 3m interval (2.7m ETW) of 6.73 g/t Au, 28m below surface. In addition, the 2024 RC drilling campaign has identified potential extensions of the El Limon and Mango mineralized structures beyond the current MRE .Drilling targeted multiple, shallow dipping, gold-bearing quartz veins.

The veins appear to be related to compressional tectonics and were subjected to later faulting and folding which accounts for local "stacking" of veins (thrust duplication) resulting in considerably wider blocks. Drill hole LC24-307, intersected the high-grade El Limon zone with an interval of 11.25 g/t Au and 18.3 g/t Ag over 3.0m (ETW), including 22.10 g/t Au and 25.0 g/t Ag over 1.0m, 60m from surface. This hole is located approximately 61m southwest along strike of a previously announced drill hole, LC24-RC276 which intersected a 2.0m wide (ETW) interval containing 9.65 g/t Au and 11.8 g/t Ag.

Drill hole LC24-RC310, intersected a 4.0m (ETW) interval at the Mango zone of 9.83 g/t Au and 20.4 g/t Ag at vertical depth of 69m and 37m down dip from LC19-101. Drill hole LC19-101 intersected two mineralized zones, separated by a 2.5m interval of low-grade gold mineralization as follows: 4.62 g/t Au and 12.0 g/t Ag over 2.1m and 19.55 g/t Au and 40.6 g/t Ag over 1.2m. Both drill holes mentioned above, intersected high-grade zones and confirm additional mineralized material outside the current MRE pit limits.