Mkango Resources Limited Releases First Environmental Social Governance Report - Seite 2

On Friday 10^th November, Hon. Monica Chang’anamuno Minister of Mines for Malawi and a large government delegation visited the Songwe Hill rare earth project. The Hon. Minister was impressed with all of the work that had been completed at the project site to date and indicated that the Ministry of Mines would sign the mining development agreement before the end of 2023.

For further information, please contact:

Mkango Resources Limited William Dawes Chief Executive Officer [e-mail] Alexander Lemon President [e-mail] Robert Sewell Chief Financial Officer [e-mail] www.mkango.ca @MkangoResources		Canada: [phone]
Tavistock PR and IR Adviser Jos Simson, Cath Drummond, Adam Baynes [e-mail]		UK: [phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Jeff Keating, Kasia Brzozowska		UK: [phone]
Alternative Resource Capital Joint Broker Alex Wood, Keith Dowsing		UK: [phone]/5

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 AIM and the 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.