LOI Completed To Acquire The Moss Mine

VANCOUVER - Mako Mining Corp. announced that it is entering into of a non-binding letter of intent to acquire 100% of the issued and outstanding common shares of EG Acquisition LLC (EGA), a recently created private corporation controlled by Mako's controlling shareholder, Wexford Capital LP, established solely to acquire the Moss gold mine located in the historic Oatman District in Arizona. It is anticipated that EGA will complete the acquisition through its acquisition of 100% of the common shares of Golden Vertex Corp. (GVC") which holds direct ownership of the Moss gold mine. Each of EGA and GVC will become wholly owned subsidiaries of Mako as a result of the Proposed Transaction. The Proposed Transaction is expected to close by February 2025.