Mako Mining Corp. (“Mako”) (TSXV: MKO; OTCQX: MAKOF) and Goldsource Mines Inc. (“Goldsource”) (TSXV: GXS; OTCQX: GXSFF) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Mako will acquire all of the issued and outstanding common shares of Goldsource (the “Goldsource Shares”), in exchange for common shares of Mako (the “Mako Shares”), by way of a plan of arrangement (the “Transaction”).

The Transaction will create a company that will combine Mako’s highly profitable Nicaraguan gold operations and mine-building team with Goldsource’s 100% owned Eagle Mountain Gold Project (“Eagle Mountain”) in Guyana, South America. The combined company will bring together an experienced management team, proven in the construction and operation of scalable mines with low capital intensity profiles, and who have discovered new precious metal deposits across multiple jurisdictions over the last two decades. The new Mako will have the cash flow, project pipeline, proven management team, and district-scale exploration potential that will enhance Mako’s current growth trajectory while creating a platform for rapid growth. Further details of the Transaction are outlined below.

Transaction Highlights

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