Mako Mining Corp. announced additional results from the reverse circulation (RC) infill drilling completed at Las Conchitas, located immediately south of the company's San Albino gold mine, which is currently in commercial production. Highlights: Completed 230 RC Drill Holes totaling approximately 9,000 meters; Exceptional highlights include: Bayacun area: 12.09 g/t Au and 23.5 g/t Ag over 14.0 m (11.5 m ETW); including: 15.60 g/t Au and 24.9 g/t Ag over 4.0 m (3.5 m ETW); 31.10 g/t Au and 63.7 g/t Ag over 3.0 m (2.3 m ETW); El Limon area: 18.48 g/t Au and 43.8 g/t Ag over 2.0 m (1.5 m ETW); Newly intersected wider zones demonstrate potential to enhance the model and Mineral Resource Estimate (MRE) which is expected in Third Quarter 2023.

Drill hole LC23-RC136 intersected a wide, shallow zone at 15 m from surface which returned 12.09 g/t Ag and 23.5 g/T Ag over 14.0 m ("11.5 m ETW), including two high-grade intervals, 15.60 g/t Ag and 24.9 g/T Ag over 4.0 m ("3.5 m ETW") and 31.10 g/t Ag and 63.7 g/T Ag over 3.0 m ("2.3 m ETW") respectively. Previous diamond drilling in proximity to this drill hole, intersected multiple high-grade and significantly wider than average intervals, including LC20-277 which intersected 22.26 g/t Au and 44.6 g/t Ag over 4.,3 m ETW within a wider mineralized zone of 16.1 m ETW. Drilling in the El Limon and Mango area was designed to improve understanding of the vein geometry and to confirm mineralization trends identified in the previous drilling campaign.

At El Limon, drill hole LC23-RC92 intersected 18.48 g/t Ag and 43.8 g/T Ag over 3.,0 m (2.6 m ETW), 15 m SW (by strike) from hole LC19-70, which intersected 376.49 g/t Au over 1 m at 36 m from surface. Based on the results of the 2023 infill drill program, a revised geologic model will be generated and incorporated into a new, updated resource block model, and the Company's mining engineers will use it to optimize the mine plan and development schedule.