Mako Mining Announces Q3 2026 Production Results with Gold Recovered of 12,743 oz Au (Sales of 11,581 oz Au), and Positive Permitting Updates at Mt. Hamilton and San Albino

Akiba Leisman, Chief Executive Officer of Mako Mining Corp.

“Following 2 quarters of overperformance, San Albino delivered a solid, inline Q3 2026, related entirely to processing more lower grade historical dump material relative to higher grade diluted vein material (48% in Q3 2026 vs. 54% in H1 2026) leading to gold recoveries of 9,145 oz Au (sales of 8,768 oz Au). Moss continued to be mechanically constrained by our legacy plant. After detailed engineering over the course of 2026, our team has identified a way to significantly expand our crushing circuit without triggering a major permitting review; equipment has been procured, and by Q3 2027 Moss is expected to process more than 12,000 short tons per day, 40% above the August 2026 Technical Report, and 130% above Q3 2026, which lead to gold recoveries of 3,599 oz Au (sales of 2,812 oz Au). At Mt. Hamilton, we received the condemnation drilling permit amendments last Friday, removing the main bottleneck for construction, and the minor amendment to the plan of operation is expected later this year, with no interruption to our construction schedule. At Eagle Mountain, we executed our Mineral Agreement, and received comments on our Draft ESIA, with our Final ESIA expected to be submitted later this year with approval shortly thereafter. Despite significant capital investments across all four assets, our cash and securities balance has grown to US$119.3 million, more than enough, including future operating cash flow, to fund the construction of both Mt. Hamilton and Eagle Mountain.”