VANCOUVER, BC / ACCESS Newswire / July 3, 2025 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to announce that it has acquired for US$1.8 million in cash approximately US$49.5 million in indebtedness (the "Debt") owing by Elevation Gold Mining Corporation ("Elevation") and affiliated companies to Maverix Metals Inc. ("Maverix"), a subsidiary of Triple Flag Precious Metals Corp., the secured creditor of Elevation under its Companies' Creditors Arrangement Act ("CCAA") proceedings before the Supreme Court of British Columbia. Mako completed the acquisition of the Debt and all related security pursuant to the terms of an assignment and assumption agreement executed on July 2nd, 2025. The Debt is owing pursuant to the terms of various promissory notes, a loan agreement, a streaming agreement and related guarantees, deeds and security agreements, which transaction documents and all rights and obligations thereunder have now been assigned to and assumed by Mako.