Result of AGM

Suite 2900

Vancouver

BC V6C 0A3

Canada

MKANGO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

London / Vancouver: October 26, 2023 - Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Mkango) announces that at its Annual General Meeting ("AGM") held yesterday all resolutions were duly passed.

All business put forth at the Meeting was approved by shareholders of the Company, including:

• the election of Derek Linfield, William Dawes, Alexander Lemon, Philipa Varris, Stephen Motteram, Susan Muir and Shaun Treacy as Directors of the Company;
• appointment of BDO LLP as auditors of the Company and authorising the Directors to fix their remuneration; and
• approval of the Company's amended stock option plan, amended Enterprise Management Incentive (EMI) plan and amended Restricted Stock Unit (RSU) plan in accordance with the policies of the TSX Venture Exchange

About Mkango Resources Ltd.

Mkango is developing its Songwe Hill rare earths project ("Songwe") in Malawi with a Definitive Feasibility Study completed in July 2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023.

In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical producer have agreed to work together towards development of a rare earth separation plant at Pulawy in Poland (the "Pulawy Separation Plant") to process the purified mixed rare earth carbonate produced at Songwe.