Makara Mining Announces Receipt of Purported Requisition of a Meeting of Shareholders

Vancouver, B.C. - September 20, 2021 - Makara Mining Corp. (CSE: MAKA) (the “Company”) announces, that a purported notice of requisition of a general meeting of shareholders (the “Purported Requisition”) was delivered to the registered office of the Company on September 15, 2021.

The Purported Requisition has been made by Thu Bich Thi Gui and Purita Querida and would, if valid, require that the Company call and hold a general meeting of shareholders, pursuant to section 167 of the Business Corporations Act (British Columbia) (the “Act”). The purpose of the proposed meeting is to effect changes to the Board of Directors.

The Company is reviewing the Purported Requisition, including reviewing its validity, and will respond within the time required by the Act.

About Makara Mining Corp.

Makara Mining Corp. is a mineral exploration company focused on the acquisition, exploration and development of gold properties. The Company is based in Vancouver, B.C. and holds options over the Rude Creek Property and Idaho Creek Property located in the Yukon. Additional information about the Company is available at www.makaramining.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Grant Hendrickson

Director and Chief Executive Officer

Telephone: 604-372-3707

Email: [email protected]

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy of accuracy of this news release.