Mkango to Commence 2017 Work Programme ON Its Thambani Uranium Project IN Malawi

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MKANGO RESOURCES LTD.

706 27 Avenue NW,

Calgary, Alberta T2M 2J3

MKANGO TO COMMENCE 2017 WORK PROGRAMME ON ITS THAMBANI URANIUM PROJECT IN MALAWI

Calgary, Alberta: February 2, 2017 - Mkango Resources Ltd. (TSXV / AIM: MKA) (the "Company" or "Mkango")

is pleased to provide an update on its 100% owned Thambani uranium project in Malawi.

Following recent management site visits, Mkango plans to commence its 2017 exploration programme in the

Thambani licence area during the first quarter.

The programme will comprise follow up of the results of the World Bank airborne geophysics survey reported

in 2016 ( http://www.mkango.ca/s/news.asp?ReportID=755345) and of previous exploration programmes

completed by Mkango , and will include but is not limited to further mapping, soil and rock chip sampling,

trenching and ground truthing of new geophysical anomalies.

Whilst uranium ( and associated tantalum and niobium) is the primary focus of the exploration programme ,

Mkango will also evaluate the licence for its lithium potential . The Thambani licence area is host to pegmatite

occurrences, which can be a potential host rock for lithium . Furthermore, h istorical reports refer to an

occurrence of a lithium mineral in the licence area . However, these need further geological investigation to

determine the significance, and the main focus is on uranium.

The Company aims to commence field work following the end of the rainy season in Malawi , usually late

February or early March.

All costs associated with the work programme will be covered out of existing cash resources.

Alexander Lemon, President of Mkango, stated: "The market is clearly seeing renewed interest in uranium

projects in recent months following moves by Kazakhstan to cut production and the increasingly apparent

lack of supply for new reactors being brought online over the next five years in countries such as India and

China. Our strategy for the project remains to bring in a joint venture partner, but w e believe that we will

enhance value for our shareholders in the near term by pushing ahead with a clearly defined, low cost

exploration programme following the end of the rainy season in Malawi. We look forward to updating

shareholders in the near future.”

In relation to the Songwe Hill rare earths project, Mkango will be providing an update on flow sheet

optimization in due course.

About Mkango Resources Limited

Mkango's primary business is the 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

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Africa.” Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100% interest in

two exclusive prospecting licenses in southern Malawi, the Phalombe licence and the Thambani licence.

The main exploration target in the Phalombe licence is the Songwe Hill rare earths’ deposit, which 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 November 2015. Mkango’s strategy for

Songwe is to further optimise the project with a view to maximising efficiency and reducing costs , thereby

providing a strong platform for entering into partnerships, marketing and offtake arrangements . The main

exploration targets in the Thambani licence are uranium, niobium, tantalum and other associated minerals.

For more information, please visit www.mkango.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements. 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 are based will occur. By thei r 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 wi ll 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, delays in obtaining financing or governmental or stock exchange

approvals. The forward-looking statements contained in this press release are made as of the date of this press

release. Except as required by law, the Company disclaims any intention and assumes no obligation 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

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.

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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 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.