Mako Mining Corp. (TSX-V: MKO) is pleased to announce additional positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua.

The objective of the 2019 drilling campaign is to test high priority exploration targets within the Las Conchitas area, identified by trenching, geochemical soil surveys, extensive geological mapping and sampling of historical workings.

The El Limon Zone was identified by a large 570 m by 280 m gold in soils anomaly, oriented in a northeast-southwest direction.  The El Limon soil anomaly appears to be a continuation of the Mango gold geochemical anomaly which has been tested and confirmed by drilling (see press release dated May 6, 2019).

The Company has completed 13 shallow drill holes totaling 1,060 m at the El Limon Zone (see the attached map), with a goal to test the strike and dip extension of the Mango Zone, where the Company intersected the highest gold grade drilled to date of 376.49 g/t Au over 1 m in drill hole LC19-70 (see press release dated May 6, 2019).

Drill hole LC19-101 intersected two mineralized zones, separated by a 2.5 m interval of low grade gold mineralization as follows: 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 (see table below and attached cross section).  This hole is located approximately 320 m southwest, and along strike, of drill hole LC11-01, which intersected 69.96 g/t Au and 61.7 g/t Ag over 3.0 m (see Golden Reign Resources Ltd. press release dated February 22, 2012).

2019 Diamond Drill Results in the El Limon Zone

The mineralized intervals shown above utilize a 1.0 g/t gold cut-off grade with not more than 1.0 meter of internal dilution. Lengths are reported as core lengths. Drill holes LC19-93, LC19-94, LC19-99 and LC19-100 intercepted faults and were abandoned prior to reaching their target depth.  Drill holes LC19-90, LC19-92, LC19-97 and LC19-98 intercepted faults at the projected depth of the mineralized zone and returned gold values below the cut-off grade. *True widths vary depending on drill hole dip, the veins are shallow dipping and typical true widths are 85-100% of the downhole width.

Sampling, Assaying, QA/QC and Data Verification

Drill core was continuously sampled from inception to termination of the drill hole.  Sample intervals were typically one meter.  Drill core diameter was HQ (6.35 centimeters).  Geologic and geotechnical data was captured into a digital database, core was photographed, then one-half split of the core was collected for analysis and one-half was retained in the core library.  Samples were kept in a secured logging and storage facility until such time that they were delivered to the Managua facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis.  Gold was analyzed by standard fire assay fusion, 30 gram aliquot, AAS finish.  Samples returning over 10.0 g/t gold are analyzed utilizing standard Fire Assay-Gravimetric method.  Due to the presence of coarse gold, the Company has used 500-gram metallic screened gold assays for analyzing samples that yielded a fire assay result greater than 1 g/t, and samples immediately above and below drilled veins.  This method, which analyzes a larger sample, can be more precise in high-grade vein systems containing coarse gold. All reported drill results in this press release used the metallic screening method.  The Company follows industry standards in its QA&QC procedures. Control samples consisting of duplicates, standards, and blanks were inserted into the sample stream at a ratio of 1 control sample per every 10 samples.  Analytical results of control samples confirmed reliability of the assay data.

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this press release. Mr. Kowalchuk is a senior geologist and a consultant to the Company.

About Mako

Mako Mining Corp. is a publicly listed gold mining, development and exploration firm. The Company is developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Mako’s primary objective is to bring San Albino into production quickly and efficiently, while continuing exploration of prospective targets in Nicaragua.