Disclaimer & Disclosure

This website, https://www.makominingcorp.com/ (the “website” or “site”) is owned and operated by Mako Mining Corp. The “website” includes all materials, text, images, and other content on the website. Where we say “we”, “us”, “our”, the “Company”, or “Mako”, we mean Mako Mining Corp. and/or one or more or all of its affiliates, as may be applicable. By using the website, you agree to the following terms and conditions.

Mako has taken reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly.  However, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company cannot guarantee the accuracy, currency or completeness of the information at all times. Mako strives to ensure that information posted to the website is accurate at the time of posting, but may be superseded by subsequent disclosures or become out of date.

Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Mako assumes no responsibility. Mako does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Mako does not warrant that the website will be uninterrupted or error-free. Mako is not responsible for the operation of the internet, any hardware, software, content, or other elements provided by third parties, damages that result from downloading any content through the site, or the failure of any networks used in connection with the site.  

THE WEBSITE IS PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTIES OF ANY KIND. MAKO DISCLAIMS ALL OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, OR NON-INTERFERENCE.  NO WARRANTY IS MADE BY MAKO ON THE BASIS OF TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE.

UNDER NO CIRCUMSTANCES, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, SHALL MAKO BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR OTHER DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROGRAMS, LOSS OF DATA, LOSS OF USE OF COMPUTER OF OTHER SYSTEMS, OR LOSS OF PROFITS, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF DAMAGE, ARISING FROM YOUR USE, OR INABILITY TO USE, THE SITE. THE ABOVE LIMITATIONS APPLY NOTWITHSTANDING THE FAILURE OF ANY OTHER REMEDY.

The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission.

You agree that disputes arising out of or relating to the contents or use of the website are to be governed by the laws of the Province of British Columbia and any applicable federal law of Canada, and you consent to the exclusive jurisdiction of courts sitting in the Province of British Columbia in all disputes arising out of or relating to the contents or use of the website.

Intellectual Property

Mako owns and retains all rights, title, and interest in and to the site, including all modifications and/or enhancements, and all related intellectual property rights. These rights are protected by Canadian and international intellectual property laws. All rights not expressly granted in this Agreement are reserved by Mako.

Certain materials (including graphics, icons, HTML, javascripts, color schemes, multimedia, logos, photographs, copywriting, et al) that appear on this website are the property of Mako and copyrighted by same.

Other materials on this website not originally produced by Mako are copyrighted by their respective creators/owners and appear on this website either by permission, example or as public domain reference material. Trademarks may be registered in Canada and in other countries, as applicable. The display of trademarks on pages on this website does not imply that a license of any kind has been granted. Materials may not be copied, reproduced, modified, uploaded, posted, transmitted, or distributed in any way without our prior written approval. Any unauthorized downloading, re-transmission or other copying or modification of trademarks and/or the contents herein may be a violation of federal or common law, trademark and/or copyright laws and could subject the copier to legal action.

Communications and Feedback

Any material, information, or other communication (including questions, comments or suggestions) you transmit to Mako through this website will be considered non-confidential and non-proprietary ("Communications"). In making any such transmission, you agree that Mako will have no obligations of any kind with respect to the Communications. Where it is necessary, in order to answer your enquiry, the Communications you have provided may be passed to any Mako office or affiliate. By sending any Communications to us, you are consenting to the personal information contained therein being transferred within the Company and being processed by the Company for these purposes. You are prohibited from posting or transmitting to or from Mako any unlawful, threatening, libelous, defamatory, or obscene Communications.

Mako Not Responsible for Internet Software or Computer Viruses

Due to technical difficulties inherent on the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information, contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Mako shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

Third Party Links

The website may contain links to websites maintained by third parties. Such links are provided for your convenience and reference only. The inclusion of a link to a website does not imply any endorsement of the third party website or its content. Mako does not operate or control in any respect any information, software, products or services, or the privacy practices of such websites, and we encourage you to read the privacy policy and terms of use for any third party sites before accessing and using them.]

Cautionary Statement regarding Forward-Looking Information

This website contains forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of U.S. securities laws (collectively, “forward-looking information”). Forward-looking information may include words such as “plans”, “intends”, “anticipates”, “should”, “estimates”, “expects”, “believes”, “indicates”, “targeting”, “suggests” and similar expressions. Except for historical fact relating to the Company, forward-looking information contained herein includes, but is not limited to, information with respect to: future business operations; the Company’s plans with respect to its various mineral properties and projects; the timing for mining studies and technical reports; the Company’s expectations in connection with production, exploration programs and development plans; future market conditions; the future price of gold; financial condition; the estimation of mineral resources and mineral reserves; capital and operating expenditures; expectations with respect to acquisitions or dispositions; currency fluctuations; requirements for additional capital; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; outcome of claims and litigation; and limitations on insurance coverage and claims.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, the forward-looking information contained herein is inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include higher risk of economic or technical failure due to the fact that Mako did not base its production decision for any of its mines on a feasibility study of mineral reserves demonstrating economic and technical viability for the project; the impact of economic and political conditions; global liquidity and credit availability; fluctuating gold prices, currency exchange rates (including the United States Dollar, the Nicaraguan Córdoba and the Guyanese dollar exchange rates); interest rates; changes in accounting policies; changes in mineral resources; risks related to acquisitions and/or dispositions including successful integration; changes in project parameters as plans continue to be refined; changes in project development, construction, production and commissioning time frames; the possibility of project cost overruns or unanticipated costs and expenses; potential impairment charges; higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, including but not limited to, failure of plant, equipment or processes to operate as anticipated; unexpected changes in mine life; unanticipated results of future studies; seasonality and unanticipated weather changes; costs and timing of the development of new deposits; success of exploration activities; permitting timelines; environmental and government regulation; risks related to relying on local advisors and consultants in foreign jurisdictions; environmental risks; unanticipated reclamation expenses; title disputes or claims; limitations on insurance coverage; timing and possible outcome of pending and outstanding litigation; risks related to enforcing legal rights in foreign jurisdictions; vulnerability of information systems; risks associated with infectious diseases; risks related to the continuance or escalation of international military conflicts, including the conflict between Ukraine and Russia, the U.S. government intervention in Venezuela, the United States and Israeli strikes on Iran, and other conflicts in the Middle East; risks associated with financial projections; force majeure events; the Company’s plans with respect to the payment of dividends; transactions that may result in dilution to the Company’s common shares; future sales of common shares by existing shareholders; the Company’s dependence on key management personnel and executives; changes to the Company’s director and executive compensation program; possible conflicts of interest of directors and officers of the Company; the reliability of the Company’s disclosure and internal controls; compliance with international ESG disclosure standards and best practices; as well as other risk factors discussed or referred in the Company’s annual information form and annual report on Form 40-F, the most recent management’s discussion and analysis and other disclosure filed with the securities regulatory authorities in Canada and available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s business, expected financial and operational performance and results as at and for the periods presented in the Company’s plans and objectives and may not be appropriate for other purposes.

Technical Disclosure

The mineral resources estimates and other scientific and technical disclosure reported on this website were prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities, and are based on and/or derived from the Company’s current technical report(s). Information included on this website with respect to any mineral project on a property material to the Company is subject to all of the assumptions, qualifications and procedures set out in the applicable technical report, including information concerning associated QA/QC and data verification matters, the key assumptions, parameters and methods used by Mako to estimate mineral resources and mineral reserves, and for a detailed description of known legal, political, environmental, and other risks that could materially affect Mako’s business and the potential development of Mako’s mineral reserves and mineral resources. Reference should be made to the full text of such applicable technical, which is available under Mako’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers should also refer to the latest continuous disclosure documents publicly available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov for more detailed information regarding other scientific and technical information contained on this website.

The technical report entitled “Amended Technical Report and Estimate of Mineral Resources for the San Albino Project Comprising the San Albino and Las Conchitas Deposits, Nueva Segovia, Nicaragua, Revision 13 Report RSI(RNO)-M0206-24002” with a report date of June 10, 2024 and an effective date of October 11, 2023 (the “San Albino Technical Report”) was prepared by the following qualified persons, each of whom is independent of Mako with the exception of John Rust: Steven Ristorcelli,  C.P.G., Peter Ronning, P. Eng., Matthew Gray, C.P.G., John Rust, Registered Member, SME; Brian Ray, P. Geo; and Thomas Dyer, P.E.

The technical report entitled “Preliminary Economic Assessment for the Eagle Mountain Gold Project, Guyana” with an effective date of January 16, 2024 and a report date of March 1, 2024 (the “Eagle Mountain Technical Report”) was prepared by the following qualified persons, each of whom is independent of Mako: Nigel Fung, P. Eng., Leon McGarry, B. SC., P.Geo., Antoine Berton, Soutex, P. Eng., and Rolf Schmitt, P. Geo.

The technical report entitled “NI 43-101 Technical Report for the 2025 Mineral Resource Estimate for the Moss Mine Project, Oatman Mining District, Mohave County, Arizona, USA” with a report date of February 27, 2026 and an effective date of December 18, 2025 (the “Moss Mine Technical Report”) was prepared by the following qualified persons, all of whom are independent of Mako: William J. Lewis, P.Geo., Richard M. Gowans, P.Eng., Christopher Keech, P.Geo., and (Gary) Yee-Yeun Wong, P.Eng.

The technical report entitled “NI 43-101 Technical Report on the Mt. Hamilton Property, White Pine County, Nevada, USA” with an effective date of November 10, 2025 and a report date of November 17, 2025 (the “Mt. Hamilton Technical Report”) was prepared by the following qualified persons, all of whom are independent of Mako: Michael B. Dufresne, M.Sc., P.Geo., Andrew J. Turner, B.Sc., P.Geo., David Frost, FAusIMM and James N. Gray, P. Geo.

Eric Fier, CPG, P.Eng, a qualified person within the meaning of NI 43-101, is responsible for all scientific and technical disclosure contained on the website in respect of the Eagle Mountain Project, other than information summarized from the Eagle Mountain Technical Report, and is not independent within the meaning of NI 43-101 as he is Chairman of Mako and is an employee of Mako.

John Rust, a qualified person within the meaning of NI 43-101, is responsible for all scientific and technical disclosure set out in the AIF in respect of San Albino Project, the Moss Mine and the Mt. Hamilton Mine, other than information summarized from the San Albino Technical Report, the Moss Mine Technical Report and the Mt. Hamilton Technical Report, and is not independent within the meaning of NI 43-101 as he is Chief Metallurgist of Mako. and is an employee of Mako.

Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Resources

The Mineral Reserve and Mineral Resource estimates included in the Company’s website disclosure have been disclosed in accordance with NI 43-101, which differs from the requirements of the U.S. Securities and Exchange Commission (the “SEC”), and information with respect to mineralization and Mineral Reserves and Mineral Resources contained herein may not be directly comparable to similar information disclosed by U.S. companies.

The terms “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”, “Proven Mineral Reserves”, “Probable Mineral Reserves”, “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources” in this AIF are defined by the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) and the CIM Definition Standards for Mineral Resources & Mineral reserves adopted by the CIM Council which differ from the requirements subpart 1300 of Regulation S-K and the applicable rules and regulation of the SEC (“Subpart 1300”).

U.S. readers should not assume that any part or all of the mineralization in Measured Mineral Resources, Indicated Mineral Resources and Inferred Mineral Resources will ever be converted into a higher category of Mineral Resources or into Mineral Reserves. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. readers are cautioned not to assume that any Measured Mineral Resources, Indicated Mineral Resources, or Inferred Mineral Resources that the Company reports are or will be economically or legally mineable. Further, “Inferred Mineral Resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, U.S. readers are also cautioned not to assume that all or any part of the “Inferred Mineral Resources” exist. There is no assurance that any Mineral Reserves or Mineral Resources that the Company may report as “Proven Mineral Reserves”, “Probable Mineral Reserves”, “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under Subpart 1300.

Mineral Resources are not Mineral Reserves, and do not have demonstrated economic viability, but do have reasonable prospects for economic extraction. Measured and Indicated Mineral Resources are sufficiently well defined to allow geological and grade continuity to be reasonably assumed and permit the application of technical and economic parameters in assessing the economic viability of the Mineral Resource. Inferred Mineral Resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred Mineral Resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as Mineral Reserves. There is no certainty that Mineral Resources of any classification can be upgraded to Mineral Reserves through continued exploration.

The Company’s Mineral Reserve and Mineral Resource figures are estimates and the Company can provide no assurances that the indicated levels of mineral will be produced or that the Company will receive the price assumed in determining its Mineral Reserves. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that these Mineral Reserve and Mineral Resource Estimates are well established and the best estimates of the Company’s management, by their nature Mineral Reserve and Mineral Resource Estimates are imprecise and depend, to a certain extent, upon the analysis of drilling results and statistical inferences which may ultimately prove unreliable. If the Company’s Mineral Reserve or Mineral Reserve Estimates are inaccurate or are reduced in the future, this could have an adverse effect on the Company’s future cash flows, earnings, results of operations and financial condition.

Non-International Financial Reporting Standards (“IFRS”) Financial Measures

Mako discloses certain non-IFRS financial measures and ratios on its website from time to time, such as, without limitation, All-in sustaining costs (“AISC”) per ounce sold (IFRS: cost of sales, Adjusted EBITDA (IFRS: operating income), Cash cost per ounce sold (IFRS: cost of sales), ), EBITDA (IFRS: operating income), Mine OCF (IFRS: Cash Flow from Operating Activities) and Total cash cost per ounce sold (IFRS: cost of sales), Working Capital (IFRS: Current Assets minus Current Liabilities) which are common performance measures in the mining industry, but are not recognized measures under IFRS and therefore may not be comparable to those presented by other companies.

These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. In the gold mining industry, these are commonly used performance measures, however these measures do not have any standardized meaning prescribed under the IFRS Accounting Standards and therefore may not be comparable to other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, certain investors use this information to evaluate the Company’s underlying performance of its core operations and its ability to generate cash flow.

“Adjusted EBITDA” represents EBITDA, adjusted to exclude exploration activities, share-based compensation and change in provision for reclamation and rehabilitation.

“AISC per ounce sold” includes cash costs (as defined above) and adds the sum of G&A, sustaining capital and certain sustaining exploration and evaluation (“E&E”) costs, sustaining lease payments, provision for environmental fees, if applicable, and rehabilitation costs paid, all divided by the number of gold ounces sold. As this measure seeks to reflect the full cost of gold production from current operations, capital and E&E costs related to expansion or growth projects are not included in the calculation of AISC per ounce. Additionally, certain other cash expenditures, including income and other tax payments, financing costs and debt repayments, are not included in AISC per ounce.

“Average realized gold price” is calculated by dividing total gold revenue by the total gold ounces sold into the spot market.

"EBITDA” represents earnings before interest (including non-cash accretion of financial obligation and lease obligations), income taxes and depreciation, depletion and amortization.

“Cash costs per ounce sold” is production costs, calculated by deducting revenues from silver sales and dividing the sum of mining, milling and mine site administration costs excluding the amounts included in write downs of inventory, if any.

“Mine OCF” represents operating cash flow, excluding Nicaraguan taxes and royalties, changes in non-cash working capital and exploration expenses.

“Total cash costs per ounce sold” is calculated by deducting revenues from silver sales from production cash costs and production taxes and royalties and dividing the sum by the number of gold ounces sold. Production cash costs include mining, milling, mine site security and mine site administration costs.

“Working capital” is current assets less current liabilities.

Readers should refer to the latest Managements’ Discussion and Analysis as well as other publicly available disclosure under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov, for more detailed information regarding non-IFRS measures used.

Third Party Links

Mako may provided links from this web site, or in documents posted on this website, to other third-party web sites, which are for your convenience only. The viewer should be aware that in linking to these outside websites, he or she is leaving the Mako web site and that Mako does not monitor or endorse these websites and accordingly, Mako is not responsible for the content of any other site and assumes no liability for the content of any other site.

No Incorporation by Reference

No information included on this website shall be deemed to be incorporated by reference into any of Mako’s regulatory filings, unless expressly indicated in any such filings. In addition, no information shall be incorporated by reference onto this website, unless otherwise specified.

Indemnification

The reader agrees to hold Mako, its subsidiaries and their directors, officers, employees and agents harmless against claims for damages or costs or loss of any kind arising from access to or use of this website or any information contained in or obtained through this website.

Stock Quotes

All quotes are delayed at least 15 minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of Mako, we strongly advise you to seek independent professional advice before making any investment decision. Mako makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein. Under no circumstances will Mako be liable for any inaccuracies or omissions in any such stock information or data, any delays or errors in the transmission thereof, or any loss or direct, indirect, incidental, special or consequential damages caused by reliance on this information or the risks arising from the stock market.

Website is Provided as a Service Only

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Mako to that effect. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Mako and should not be used for the purpose of making investment decisions concerning Mako securities.

Jurisdiction

Your use of this website shall be governed by the laws of the Province of British Columbia and any applicable federal laws of Canada. The courts of the Province of British Columbia shall have exclusive jurisdiction over any dispute arising out of your use of this website.