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MKA.V ·

Notice of Investor Presentation

Marketing Announcement

Notice of Investor Presentation

LONDON and VANCOUVER, British Columbia, July 10, 2023 -- Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or

“Mkango”), announces that CEO, William Dawes and President, Alexander Lemon, will provide a corporate update on the

Company via the Share Talk platform on Thursday 13 July 2023 at 17:30 pm BST.

Please register for the event via the following link: https://www.bigmarker.com/share-talk/Mkango-Corporate-update. Questions

can be submitted pre-event or at any time during the live presentation.

For further information, please contact:

Mkango Resources Limited

William Dawes

Chief Executive Officer

[email protected]

Alexander Lemon

President

[email protected]

Robert Sewell

Chief Financial Officer

[email protected]

www.mkango.ca

@MkangoResources

Canada: +1 403 444 5979

Tavistock

PR and IR Adviser

Jos Simson, Cath Drummond

[email protected]

UK: +44 20 7920 3150

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Kasia Brzozowska

UK: +44 20 3470 0470

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 7186 9004/5

Bacchus Capital Advisers

Financial Adviser

Richard Allan

[email protected]

UK: +44 203 848 1642

UK: +44 7857 857 287

About Mkango

Mkango's corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium,

dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies.

This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the

rare earths sector. Mkango is listed on the AIM Market of the London Stock Exchange (“AIM”) and the Toronto Venture

Exchange (“TSX-V”).

Mkango is developing its Songwe Hill rare earths project (“Songwe Hill”) in Malawi with a Feasibility Study completed in July

2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023.

Malawi is known as "The Warm Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new

infrastructure developments underway.

In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical company and the second largest manufacturer of

nitrogen and compound fertilizers in the European Union, have agreed to work together towards development of a rare earth

Separation Plant at Pulawy in Poland (the “Pulawy Separation Plant”). The Pulawy Separation Plant is expected to process

the purified mixed rare earth carbonate produced at Songwe Hill.

Through its 90% ownership of Maginito (www.maginito.com), Mkango is also developing green technology opportunities in the

rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet,

and separation technologies. Following a recently announced transaction to acquire HyProMag Limited (“HyProMag”),

Maginito will hold a 100% interest in HyProMag focused on short loop rare earth magnet recycling in the UK, a 90% direct and

indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, a company focused on short loop

rare earth magnet recycling in Germany, and a 100% interest in Mkango Rare Earths UK Ltd, a company focused on long loop

rare earth magnet recycling in the UK via a chemical route. A new US subsidiary, to be jointly owned by Maginito and CoTec,

is expected to be formed to develop rare earth recycling opportunities in the United States.

Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani

uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

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. Generally, forward looking statements can be identified by the use of words such as “plans”, “expects” or

“is expected to”, “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. 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

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, the availability of (or delays in obtaining) financing to develop Songwe

Hill, governmental action and other market effects on global demand and pricing for the metals Mkango is exploring and

developing, and geological, technical and regulatory matters relating to the development of Songwe Hill, 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 assume 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.

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

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.