Vancouver, British Columbia--(Newsfile Corp. - July 3, 2024) - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako") and Goldsource Mines Inc. ("Goldsource") (TSXV: GXS) (OTCQX: GXSFF) are pleased to announce that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement (the "Transaction"), pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource (the "Goldsource Shares") in exchange for common shares of Mako (the "Mako Shares"). As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana.

The Goldsource Shares are expected to be delisted from the TSX Venture Exchange ("TSXV"). Mako intends to cause Goldsource to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.

The board of directors of Mako is now led by Eric Fier (former Executive Chairman of Goldsource), as Non-executive Chairman, and includes John Hick, Mario Caron, John Pontius and Laurie Gaborit as independent directors, and Akiba Leisman and Paul Jacobi as non-independent directors. Akiba Leisman will continue in his role as Chief Executive Officer of Mako. Additional management appointments are expected in the coming weeks.

Early Warning Disclosure as a Result of the Transaction
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