Mako Mining completes acquisition of Mt. Hamilton in Nevada

Mako Mining (MAKOF) Corp announces that, further to obtaining the approval of the shareholders of Mako on March 3, 2026, Mako has completed the acquisition of 100% of the legal registered membership interests of Mt. Hamilton, the owner of the Mt. Hamilton project in Nevada, USA, from Sailfish Royalty Corp. The Acquisition was completed pursuant to the terms of the amended and restated purchase and sale agreement dated February 14, 2026 Sailfish, among Mako, Mako US Corp., and the amended and restated gold purchase agreement dated February 14, 2026 between Mako and Sailfish. Pursuant to the terms of the A&R Gold Purchase Agreement, Mako will satisfy the US$40 million purchase price for the Acquisition through the grant to Sailfish of the following steam as consideration: During the initial 60 months of the stream, Sailfish will purchase from Mako approximately 341.7 troy ounces of gold per month at a price equal to 20% of the London Bullion Market Association PM Fix price, subject to a floor of US$2,700 per ounce and a cap of US$3,700 per ounce; and During the final 72 months of the stream, Sailfish will purchase from Mako approximately 100 troy ounces of gold per month at a price equal to 20% of the London Bullion Market Association PM Fix price. Mako’s obligations under the A&R Gold Purchase Agreement will be secured in favour of Sailfish by first-ranking security interests over all current and future assets of Mako and certain of its subsidiaries that hold a direct or indirect interest in the Mt. Hamilton Project.