Mako Mining Corp. (TSXV:MKO) entered into an indicative letter of intent to acquire Goldsource Mines Inc. (TSXV:GXS) on June 1, 2023. Mako Mining Corp. entered into an arrangement agreement to acquire Goldsource Mines Inc. for CAD 25.4 million on March 25, 2024. The holders of the issued and outstanding Goldsource Shares will receive 0.2200 of a common share of Mako for each Goldsource Share. Termination fee of CAD 1.35 million payable by Mako or Goldsource to the other under certain circumstances. The completion of the Transaction is subject to; (a) approval of the Goldsource security holders; (b) approval of the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of either Mako or Goldsource; (e) the approval at a special meeting of Goldsource security holders by (i) 662/3% of the votes cast by Goldsource shareholders, (ii) 662/3% of the votes cast by Goldsource shareholders and option holders, voting as a single class, and (iii) a simple majority of the votes cast by Goldsource shareholders. The boards of directors of Mako and Goldsource unanimously approved the entering into of the Arrangement Agreement. The transaction is expected to close Q2 2024. As of June 18, 2024, Goldsource Mines Inc. is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have each recommended that Goldsource shareholders vote "FOR" the Arrangement with Mako Mining Corp. ("Mako"), whereby Mako will acquire all of the issued and outstanding common shares of Goldsource by way of a court-approved plan of arrangement under the Business Corporations Act. On June 21, 2024, Goldsource Mine shareholder approved the transaction. As of June 26, 2024, transaction has been approved by the supreme court of British Columbia. On June 21, 2024 Goldsource announced that the transaction is expected to close on or about July 3, 2024.

Eight Capital is acting as financial advisor and fairness opinion provider to Mako, and Andrea FitzGerald of Cassels Brock & Blackwell LLP is acting as legal counsel to Mako. SCP Resource Finance LP is acting as financial advisor and fairness opinion provider to Goldsource, and Bernard Poznanski of Koffman Kalef LLP is acting as legal counsel to Goldsource. The Laurel Hill Advisory Group LLC acted as proxy solicitor to Goldsource. Arias Law acted as due diligence provider to Goldsource. Laurell Hill will receive a fee of CAD 35,000 plus a success fee of CAD 30,000 for services provided. Computershare Canada Inc. and Computershare Trust Company of Canada acted as depository and transfer agent to Goldsource. PricewaterhouseCoopers LLP acted as auditor to Mako. Davidson & Company LLP acted as auditor to Goldsource.