Land Lease Agreement Signed in Poland

London / Vancouver: February 17, 2025 - Mkango Resources Ltd (AIM/TSX-V: MKA) ("Mkango"), is pleased to announce that Mkango's wholly owned subsidiary, Mkango Polska Sp. Z.o.o, has signed a revised exclusive land lease agreement ("the Agreement") with Grupa Azoty Pulawy for the construction of a strategic rare earths separation plant in Poland. The Agreement constitutes a continuation of cooperation that the parties first started in 2021.

The Agreement is for a large 8 hectare site adjacent to Grupa Azoty Pulawy's fertilizer and chemicals complex at Pulawy in Poland (the "Site"). The site provides excellent infrastructure, access to reagents and utilities and covers a substantial area which enables future expansion potential.

Located within a Polish Special Economic Zone, the Site also provides excellent access to European and international markets. Production from the plant will strengthen Europe's security of supply for rare earths, used in plug-in electric vehicles, hybrid electric vehicles, wind turbines and other green technology and strategic applications. It also aligns with European initiatives to create more robust, diversified supply chains through the latest European Union Critical Raw Materials Regulations.

Alexander Lemon, President of Mkango stated: "We are delighted to have signed a revised exclusive land lease agreement adjacent to the Grupa Azoty Pulawy which will enable future separation plant expansion. We very much value working closely with Grupa Azoty and look forward to completing a definitive feasibility study on the rare earth separation plant and starting construction."

Hubert Kamola, Vice-President of the Management Board of Grupa Azoty S.A stated: "The project is very innovative and provides an opportunity to create new jobs and transfer new technologies and creates the potential to develop a critical materials supply chain for Europe and North America. Developing partnerships is a key driver for our Azoty Business Program. There are many synergies that the site provides such as land, utilities, reagents and chemical engineering expertise, which is why we are supporting this exciting business development"

Grupa Azoty Pulawy a subsidiary of Grupa Azoty Capital Group is the leading supplier of nitrogen fertilisers for Polish agriculture and is the second largest producer of nitrogen multi-component fertilizers in European Union and a major producer of melamine, polyamide, OXO alcohols, plasticizers and titanium white.