Mako Gold Limited advised that it has received assay results from 32 reverse circulation (RC) and diamond drilling (DD) holes from the 10,000m drilling program atthe Gogbala Prospect, and 7 RC/DD holes from the ongoing 10,000m drilling program at the Tchaga Prospect, at the Company's Napié Project in Côte d'Ivoire. Gogbala and Tchaga are located on a +23km soil anomaly and coincident 30km-long Napié Fault. HIGH-GRADE GOLD INTERCEPTED AT GOGBALA: Results are reported from 32 RC/DD holes of the current 10,000m drill program.

Several high-grade intervals were intersected with 20 holes intersecting significant mineralisation including 9m at 3.77g/t Au in NARC579, 6m at 5.37g/t Au in NARC569 which include 3m at 9.61g/t Au, and 1m at 28.93g/t Au in NARC584. The best results were returned from extensional drilling along strike or below previous positive drill intersects, which extends the mineralised zones. Extensional drilling is ongoing to follow up on these and other previous results.

It is noteworthy that some IP chargeability anomalies were also tested with the hopes of intersecting pyrite- associated gold. No significant results were returned from those targets. This in no way reduces the prospectivity of the Gogbala Prospect proximal to the D1 Napié fault and +40 ppb soil anomaly where wide and high-grade gold intercepts have been consistently returned.

Further drilling is planned to extend the fences SE into the soil anomaly. Current drill results confirm the similarities with the Tchaga Prospect which hosts stacked high-grade gold lodes and increases the Company's confidence as Mako advances Gogbala towards a maiden MRE. TCHAGA DRILL RESULTS: Results have been received from 7 RC/DD holes from Tchaga.

Four of the seven holes intersected significant mineralisation. The holes were designed as part of the ongoing extensional drilling program to extend mineralisation at Tchaga. Hole NARC467DD returned 5.8m at 6.96g/t Au including 1m at 34.62g/t Au in the diamond extension of the previously reported RC portion of the hole which intersected 26m at 1.01g/t Au.

A dedicated DD rig is currently drilling to test mineralisation at depth. The latest results are significant for several reasons. Gogbala) The high-grade mineralised intervals, such as 6m at 5.37g/t Au and 1m at 28.93g/t Au and 9m at 3.77g/t Au are from extensional drilling and should add potential ounces to the upcoming MRE.) Recent results confirm that Gogbala displays repeating stacked lodes along the D1 Napié fault, like Tchaga, which increases confidence for the Company' goal of delineating a multi-million-ounce resource on the Napié Permit) Mineralisation encountered to date at Gogbala is shallow (generally less than 100m vertical depth).

Deeper drilling is warranted with the aim of increasing the mineralised footprint at depth with the goal of outlining a larger resource. Tchaga: Extensional drilling has been extending the mineralised zones both at depth and along strike, thereby adding potential ounces for the upcoming maiden MRE. Most of the drilling at Tchaga has been relatively shallow.

The diamond drill rig will allow deeper targets to be tested. Further deeper drilling will follow, contingent on the results of holes in progress. NEXT STEPS: Drilling resumed on 4 January 2022 at Napié with a DD rig at Tchaga and a multi-purpose RC/DD rig at Gogbala, both operating double shifts.

This will provide frequent news flow with assay turnarounds currently anticipated to be under 4 weeks. The maiden Mineral Resource Estimate for Tchaga and Gogbala is scheduled for first half of 2022.