Mr. William Dawes reports

MKANGO ANNOUNCES ADJOURNMENT OF SHAREHOLDERS' MEETING

Due to the current strike by the Canadian Union of Postal Workers impacting Mkango Resources Ltd.'s ability to deliver the proxy-related materials related to the company's annual general and special meeting of shareholders scheduled to be held on Oct. 29, 2025, the company will be adjourning the meeting until 9 a.m. Toronto time on Nov. 12, 2025, to ensure all shareholders receive the meeting materials with sufficient time to consider and submit their proxies or other voting instructions. The adjourned meeting will continue to be held at the offices of Fasken Martineau DuMoulin LLP at Suite 2400, 333 Bay St., Toronto, Ont., Canada, the same location as the initial meeting.

No changes have been made to the record date for the adjourned meeting or to any business to be brought before the meeting, which is more particularly described in the management information circular dated Sept. 19, 2025, in connection with the meeting. All proxies and voting instructions that have been submitted with respect to the meeting will remain valid at the adjourned meeting. However, with the adjourned meeting, the proxy deadline has been extended and proxies can be delivered up to within two business days of the date of the adjourned meeting. Whether or not you expect to attend the adjourned meeting, shareholders are urged to vote in advance of the adjourned meeting.

If any shareholder has yet to receive the proxy-related materials, the company encourages you to access the materials for the adjourned meeting, including the circular and form of proxy, under Mkango's SEDAR+ profile and on the company's website.

About Mkango Resources Ltd.

Mkango is listed on the AIM (Alternative Investment Market) and the TSX Venture Exchange. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by Cotec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100-per-cent interest in HyProMag and a 90-per-cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short-loop rare earth magnet recycling in the United Kingdom and Germany, respectively, and a 100-per-cent interest in Mkango Rare Earths U.K. Ltd (Mkango U.K.), focused on long-loop rare earth magnet recycling in the U.K. through a chemical route.

Maginito and Cotec are also rolling out HPMS (hydrogen processing of magnet scrap) recycling technology into the United States through the 50/50-owned HyProMag USA LLC joint venture company.

Mkango also owns the advanced-stage Songwe Hill rare earths project in Malawi and the Pulawy rare earths separation project in Poland. Both the Songwe and Pulawy projects have been selected as strategic projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement (BCA) with Crown PropTech Acquisitions (CPTK) to list the Songwe Hill and Pulawy rare earths projects on the Nasdaq Stock Market through a special-purpose acquisition company (SPAC) merger.

We seek Safe Harbor.