Mkango Releases Financial Statements and Management’S Discussion and Analysis FOR the

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MKANGO RESOURCES LTD.

706 27 Avenue NW,

Calgary, Alberta T2M 2J3

MKANGO RELEASES FINANCIAL STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE

PERIOD ENDING DECEMBER 31, 2016

Calgary, Alberta: April 12, 2017 - Mkango Resources Ltd. (TSXV / AIM: MKA) (the "Company" or "Mkango"), is

pleased to announce that it has released the audited Financial Statements and Management’s Discussion and

Analysis for the period ending December 31,2016. The reports will be available under the Company’s profile on

SEDAR (www.sedar.com) and on the Company’s website (http://www.mkango.ca/s/financials.asp).

For further information, 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

Blytheweigh

Financial Public Relations

Tim Blythe, Camilla Horsfall, Nick Elwes

UK: +44 207 138 3204

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Jeff Keating , Caroline Rowe

UK: +44 20 3470 0470

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 release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other

securities of the Corporation in the United States. The securities of the Corporation 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.