Mako Mining Announces Resignation of CEO

TSX- V:  MKO

TORONTO, March 13, 2019 - Mako Mining Corp. (TSXV: MKO) ("Mako") announces that Mr. Kevin Bullock has tendered his resignation as CEO and director of Mako to pursue another opportunity.  Mr. Bullock's departure will be effective immediately.

Mako's board of directors has appointed Mr. Akiba Leisman as Interim CEO and has commenced a search for a permanent CEO.  Mr. Leisman is currently a director of Mako and was Executive Chairman and Interim CEO of Marlin Gold Mining Ltd., leading the company through the spinout of Sailfish Royalty Corp. and the merger of Marlin with Golden Reign Resources Ltd. to form Mako. Mr. Jesse Muñoz, presently the COO of Mako, will be continuing in his role.

"We are grateful for Mr. Bullock's contributions during his tenure as CEO and as a director," said John Hick, Chairman of the Board. "We wish him the best in his future endeavours."

A new drilling contract has been signed in Nicaragua to follow up on targets identified in prior drilling campaigns. The contractor is presently mobilizing equipment to site and will being drilling imminently.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation which we refer to herein, collectively, as "forward-looking information". Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and include statements relating to Mako's actual performance, developments and/or results may differ materially from any or all of the forward-looking statements. Further information which may cause results to differ materially from those projected in the forward-looking statements is contained in Mako's filings with Canadian securities regulatory authorities. All material assumptions used in making forward-looking information are based on management's knowledge of current business conditions and expectations of future business conditions and trends. Although Mako believes the assumptions used to make such statements are reasonable at this time and has attempted to identify in its continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Mako Mining Corp.