Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) ('Mako' or the 'Company') is pleased to report grade and tonnage results from mining of the upper half of the third bench of the San Albino vein at its San Albino gold project ('San Albino') in northern Nicaragua.

The mined bench consisted of one three-meter half bench between 601 and 604 meters above sea level ('Half Bench 601') and contained 815 ounces Au and 1,456 ounces Ag within 1,784 tonnes of diluted vein material grading 14.21 g/t Au and 25.4g/t Ag.

The 1,784 tonnes of diluted vein material are now sitting in a high-grade stockpile awaiting processing in addition to the 5,121 tonnes from the first two full benches. An additional 5,249 tonnes of historical dump material grading 2.03 g/t Au were also mined from Half Bench 601. This stockpiled historical dump material is expected to be used as initial mill feed during the ramp up to commercial production, which is expected from January 2021 to early Q2 2021.

Akiba Leisman, Chief Executive Officer of Mako states that, 'the stockpile we've developed now contains almost 5,000 ounces of gold. Our 500 tonne per day processing plant is nearing completion, with the crusher and mill operational. This stockpile will provide the necessary flexibility to ramp up operations at San Albino after our anticipated first gold pour later this month, such that we can expect to commence commercial production in early Q2.'

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.

Contact:

Tel: 203-862-7059

Email: aleisman@makominingcorp.com

Forward-Looking Information

Some of the statements contained herein may be considered 'forward-looking information' within the meaning of applicable securities laws. The forward-looking information contained herein is based on the Company's plans and certain expectations and assumptions, including the expectation that stockpiled historical dump material will be used as initial mill feed during the ramp up to commercial production; that commercial production will occur during the period from January 2021 to early Q2 2021; management expects the fully diluted open pit grade of 9.54 g/t Au in the Measured and Indicated categories can be met or exceeded when mined and that the Company's first gold pour is expected in January 2021. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, the risk of economic and/or technical failure at the San Albino project associated with basing a production decision on the preliminary economic assessment without demonstrated economic and technical viability; that the Company is not able to declare commercial production in early 2021; that the processed mineralization returns unexpected results; that the Company does not continue to find positive results from its ongoing reconnaissance exploration program; that exploration and assay results do not confirm continuity of mineralization as expected; political risks and uncertainties involving the Company's exploration properties; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR at www.sedar.com. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available and is included for the purposes of providing investors with the Company's expectations regarding the San Albino gold project, and may not be appropriate for other purposes. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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