Mkango Announces Appointment of Apaton Finance as Its Financial Public Relations and Investor Relations Consultant IN Germany

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MKANGO RESOURCES LTD.

550 Burrard Street

Suite 2900

Vancouver

BC V6C 0A3

Canada

MKANGO ANNOUNCES APPOINTMENT OF APATON FINANCE AS ITS FINANCIAL PUBLIC RELATIONS AND

INVESTOR RELATIONS CONSULTANT IN GERMANY

London / Vancouver: October 04 , 201 9 - Mkango Resources Ltd. (AIM/TSX -V: MKA) (the "Company" or

"Mkango"), is pleased to announce the appointment of Apaton Finance GmbH as its financial public relations and

investor relations consultant in Germany, effective from October 5th,2019. Apaton Finance GmbH is a Hannover

based specialist financial public relations and investor relations agency with a focus on small to mid -cap listed

companies. The agreement with Apaton Finance GmbH provides a monthly fee of 5,000 EUR per month and runs

for an initial term of 3 months. Apaton Finance GmbH does not have any direct or indirect interest in Mkango or

its securities and no incentive stock options have been granted to Apaton Finance GmbH.

Information on Apaton Finance GmbH can be found on the website www.apaton-finance.de

About Mkango Resources Limited

Mkango's primary business is exploration for rare earth elements and associated minerals in the Republic of

Malawi, a country whose hospitable people have earned it a reputation as “the warm heart of Africa”. The

Company holds interests in four exclusive prospecting licences in Malawi: the Phalombe licence, the Thambani

licence, the Chimimbe Hill and Mchinji licences.

The main exploration target in the 51% held Phalombe licence is the Songwe Hill rare earths deposit. This

features carbonatite-hosted rare earth mineralisation and was subject to previous exploration in the late 1980s.

Mkango completed an updated Pre -Feasibility Study for the project in Novem ber 2015 and a Feasibility Study

is currently underway, the initial phases of which included a 10,900 metre drilling programme and an updated

mineral resource estimate, announced in February 2019 . In March 2019, the Company announced receipt of a

£7 millio n (C$12.3 million) investment from Talaxis to fund completion of the Feasibility Study. Following

completion of the Feasibility Study, Talaxis has an option to acquire a further 26% interest in Songwe by arranging

financing for project development including funding the equity component thereof.

The main exploration targets in Mkango’s remaining two 100% held licences are, in the Thambani licence,

uranium, niobium, tantalum and zircon and, in the Chimimbe Hill licence, nickel and cobalt.

For more information, please visit www.mkango.ca

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward -looking statements (within the meaning of that term under applicable

securities laws) with respect to Mkango, its business and the Project. Generally, forward looking statements can

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be identified by the use of words such as “plans”, “expects” or “is expected”, “scheduled”, “estimates” “intends”,

“anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or

results “can”, “may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative

connotations thereof. Forward looking statements in this news release incl ude statements with respect to the

global market for products using the rare earth metals the Company is exploring for, completion of the feasibility

study and of the transactions contemplated in the agreement with Talaxis, as well as the use of proceeds f rom

the investments into the Company by Talaxis and the timing of such expenditures. Readers are cautioned not to

place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or

expectations upon which they ar e based will occur. By their nature, forward -looking statements involve

numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute

to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur,

which may cause actual performance and results in future periods to differ materially from any estimates or

projections of future performance or results expressed or implied by such forward -looking statements. Such

factors and risks include, without limiting the foregoing, market demand for the metals and associated

downstream products for which Mkango is exploring, researching and developing, the positive results of a

feasibility study on the Project, delays in obtaining financing or governmental or stock exchange approvals. The

forward-looking statements contained in this news release are made as of the date of this news release. Except

as required by law, the Company disclaims any intention and assumes no obligatio n to update or revise any

forward-looking statements, whether as a result of new information, future events or otherwise, except as

required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations

of, or statements made by, third parties in respect of the matters discussed above.

For further information on Mkango, please contact:

Mkango Resources Limited

William Dawes Alexander Lemon

Chief Executive Officer President

[email protected] [email protected]

UK: +44 207 3722 744

Canada: +1 403 444 5979

www.mkango.ca

@MkangoResources

Blytheweigh

Financial Public Relations

Tim Blythe, Camilla Horsfall, Julia Tilley

UK: +44 207 138 3204

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Caroline Rowe

UK: +44 20 3470 0470

Alternative Resource Capital

Joint Broker

Alex Wood, Rob Collins

UK: +44 20 7186 9004; +44 20 7186 9001

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The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither

the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press rel ease does not constitute an offer to sell or a solicitation of an offer to buy any equity or other

securities of the Company in the United States. The securities of the Company will not be registered under the

United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within

the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the

registration requirements of the U.S. Securities Act.