Mako Mining Corp. (TSX-V: MKO) ('Mako' or the 'Company') is pleased to report positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua.

The Las Conchitas area is located approximately 2.5 kilometers south of the fully permitted San Albino gold project currently under construction. The goal of the 2019 drill program at Las Conchitas was to confirm near surface, shallow dipping, high-grade gold mineralization previously encountered in trenches and drill holes across eight separate gold bearing zones and to prioritize targets to begin delineating a maiden resource at Las Conchitas. The Company completed 81 shallow drill holes totaling 5,994.60 meters ('m') within the Las Conchitas area in 2019. Akiba Leisman, Chief Executive Officer of Mako states 'our 2019 Las Conchitas drilling was designed to prioritize drilling targets to the south of our San Albino gold project currently under construction. The surface area with known gold mineralization at Las Conchitas is already larger than that of San Albino, and we have had numerous near surface intercepts of over one ounce gold at the Mango Zone, which has become our most advanced target. In 2020, drilling at Las Conchitas will be focused on delineating a maiden resource at the Mango Zone.' This press release contains results from 21 holes totaling 1,794.90 m drilled into five zones. Results from the 2019 drill program at Las Conchitas were previously reported in press releases dated May 6, 2019, May 21, 2019, August 19, 2019 and September 10, 2019. There are 19 additional drill holes still awaiting assay results from the laboratory as the Company has prioritized receiving assays from the recently completed 15,312.52-meter San Albino infill drill program to the north.

The highest grade interval reported in this press release was in drill hole LC19-135, which intersected 56.80 g/t Au and 70.3 g/t Ag over 1.4 m. LC19-135 successfully tested the southwest extension of the Mango Zone for an additional 30 m from hole LC11-01 which intersected 62.96 g/t Au and 61.7 g/t Ag over 3.0 meters and confirmed a 140 m down dip extension from the surface exposure observed in trench LC11-TR01. LC19-135 is approximately 52 meters to the north of LC19-70 which intersected 376.49 g/t Au and 103 g/t Ag over 1.0 meters.

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 Statements

Some of the statements contained herein may be considered 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information is based on certain expectations and assumptions, including that the results pending from the remaining nineteen additional drill holes for which the Company is awaiting results from the laboratory will support strike and dip continuity of gold mineralization; that the Company's exploration programs will be successfully completed; that a maiden resource at the Mango Zone may be delineated as a result of the Company's 2020 drilling and that the Company will be successful in any financing plans necessary for drilling and construction at the San Albino project. 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 risks that additional satisfactory exploration results at the Mango zone will not be obtained; the risk that the Company's drilling at Las Conchitas in 2020 will not delineate a maiden resource at the Mango Zone; that exploration results will not translate into the discovery of an economically viable deposit; risks and uncertainties relating to political risks involving the Company's exploration and development of mineral properties interests; the inherent uncertainty of cost estimates and the potential for unexpected costs and expense; commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. 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 plans and expectations at its San Albino project and the Las Conchitas area, and may not be appropriate for other purposes.

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