Mako Mining Corp. (TSX-V: MKO) (“Mako” or the “Company) is pleased to announce that it has entered into a non-binding Letter of Intent (the “LOI”) with Goldplay Exploration Ltd. (“Goldplay”) pursuant to which it is proposed that Goldplay shall have the right to acquire 100% of the common shares of Mako’s wholly-owned subsidiary, Marlin Gold Mining Ltd. (“Marlin”), from Mako. Marlin is a private British Columbia company that owns, amongst other non-material assets, Oro Gold de Mexico, S.A. de C.V. (“Oro Gold”), a Mexican company that owns the La Trinidad mine facilities (“La Trinidad”), which are currently being decommissioned. Oro Gold also controls 100% of nine concessions totaling 104,094.5 hectares located adjacent to Goldplay’s existing portfolio in the historic Rosario gold-silver mining district in Sinaloa, Mexico. The final transaction structure will be determined by the parties subject to receipt of all necessary legal, financial and tax advice.