Mr. William Dawes reports

MKANGO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Mkango Resources Ltd.'s annual general meeting (AGM), which was adjourned from Oct. 29, 2025, was held today and all resolutions were duly passed.

AGM results

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, Susan Muir and Shaun Treacy as directors of the company;
• Appointment of MNP LLP as the auditor of the company and authorizing the directors to fix its remuneration;
• 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;
• Approval by special resolution of certain amendments to the articles of the company, as described in the company's management information circular dated Sept. 19, 2025. A copy of the amended articles will shortly be filed under the Mkango's profile on SEDAR+.

About Mkango Resources Ltd.

Mkango is listed on the Alternative Investment Market and the TSX-V. 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 Ltd., which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp., 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 Ltd. 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. via a chemical route.

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

Mkango also owns the advanced-stage Songwe Hill rare earths project in Malawi (Songwe) and the Pulawy rare earths separation project in Poland (Pulawy). Both the Songwe and Pulawy projects have been selected as strategic projects under the European Union Critical Raw Materials Act. Mkango signed a business combination agreement (BCA) dated July 2, 2025, with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on the Nasdaq Stock Market via a special-purpose acquisition company (SPAC) merger. Completion of the BCA remains subject to satisfaction of certain conditions, including approval of the TSX-V.

We seek Safe Harbor.