MAKO GOLD LIMITED(MKG)

delisted following compulsory acquisition under Listing Rule 17.14

we understand Aurum Resources Limited was successful with an offer of 1 Aurum Resources share for every 25.1 Mako Gold shares

Aurum Resources Limited has acquired 91.44% of Mako Gold Limited, suspending Mako from the ASX on 3 February 2025 and delisting it on or after 6 February 2025. The company confirms no material change to Mako's exploration results or MRE.

The securities of Mako Gold Limited will be suspended from quotation immediately under Listing Rule 17.4, following despatch of the compulsory acquisition notices by Aurum Resources Limited.

The suspension of trading in the securities of Mako Gold Limited will be lifted immediately following the release by MKG of an announcement regarding the capital raising.

The company releases an Investor Presentation.

The company releases a notice of proposed issue of securities.

Mako secures binding commitments to raise $2.0M (before costs) through a Placement at 1.0c per share. The Placement was cornerstoned by Goldridge Resources Pty Ltd founders and shareholders (including Caigen Wang and Jeremy Clark) who have committed to subscribe to 50M New Shares ($500,000). Mako also received strong support from existing major shareholder, Dundee Corporation, to maintain their 9.9% holding in Mako. Intention, subject to Board approval, to launch a Share Purchase Plan to eligible Mako shareholders to raise up to $500,000 in addition to the Placement. Mako has also entered into an exclusivity agreement with Goldridge Resources Pty Ltd, with the aim to execute an accretive transaction to create a district scale gold play with multi-million ounce potential and target in-country growth opportunities in the gold and battery metals space. Goldridge is supported by the founders of Tietto Minerals who recently transitioned the 3.8Moz Abujar Gold Project into production and are currently subject to a ~$650M takeover offer.

The securities of Mako Gold Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MKG, pending the release of an announcement regarding the capital raising.

The suspension of trading in the securities of Mako Gold Limited will be lifted from the commencement of trading on Tuesday, 2 May 2023 following lodgement of its quarterly activities and cash flow report (Appendix 5B).

The company releases its Capital Raise Presentation.

The company lodges its Quarterly Cashflow Report.

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 1 May 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 28 April 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

listed entity carried for record purposes only