Mako Closes Silver Stream with Sailfish and Significantly Increases Working Capital by Repaying Principal and Extending Maturity of Remaining Debt

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May 25, 2023

VANCOUVER, BC / ACCESSWIRE / May 25, 2023 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF, Financial) ("Mako" or the "Company") is pleased to announce that the Company has closed its previously announced 24-month silver stream (the "Silver Stream") with Sailfish Royalty Corp. ("Sailfish") for US$6.0 million in cash pursuant to a silver stream agreement dated May 24th, 2023 (the "Silver Stream Agreement"). For more details on the Silver Stream, please refer to the Company's news release dated March 2nd, 2023 and material change report dated March 8th, 2023.The proceeds from the Silver Stream will be used to repay the majority of the principal remaining on the Wexford Loan (as defined below) and for general working capital needs.