Mr. William Dawes reports

MKANGO RESOURCES LTD ANNOUNCES NAME CHANGE

Mkango Resources Ltd. will be changing its name to Mkango Magnetic Materials Ltd. The name change reflects the company's transition from being a primary raw material project developer to a core focus now centred on the downstream rare earth supply chain, focused on magnet manufacturing and recycling technologies.

Effective at the start of trading on Sept. 23, 2026, the company will commence trading under the new name on the TSX Venture Exchange and AIM (Alternative Investment Market). The company will continue to trade under the ticker symbol MKA and the website address remains unchanged. The updated company identifiers are as below.

Cusip No.:  60701M107

ISIN:  CA60701M1077

SEDOL(s):  BTSK7J2 (Canadian dollars); BTSK7N6 (British pounds)

LEI No.:  213800RPILRWRUYNTS85 (no change)

Shareholders are not required to take any action regarding the change. If registered shareholders have any questions or wish to receive an updated DRS advice or share certificate, if applicable, they can contact the company's transfer agent directly at Computershare by calling 1-800-564-6253 (toll-free in Canada and the United States) or 514-982-7555 (international direct dial) or on-line.

About Mkango Resources Ltd. (to be renamed Mkango Magnetic Materials Ltd.)

Mkango is listed on the AIM 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 Ltd, and the Remloy business acquired by its wholly owned German subsidiary 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 and manufacturing in the United Kingdom and Germany, respectively, and a 100-per-cent interest in Mkango Rare Earths U.K. Ltd, focused on long-loop rare earth magnet recycling in the United Kingdom through a chemical processing route.

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

Remloy has developed a plant in Bitterfeld, Germany, which recycles end-of-life rare earth magnets through a melting process (medium-loop rare earth magnet recycling) to produce neodymium-iron-boron (NdFeB) alloy powders for the bonded and hot deformed magnet markets, complementary to HyProMag's short-loop recycling process to produce sintered magnets and to Mkango U.K.'s long-loop recycling process to produce mixed rare earth carbonates and oxides.

Mkango currently owns 100 per cent of the advanced-stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. On grant of the large-scale mining licence, the government of Malawi may elect to take a free 10-per-cent interest in the entity holding that licence. Both the Songwe and Pulawy projects have been selected as strategic projects under the European Union Critical Raw Materials Act. Songwe has also received development funding from the U.S. International Development Finance Corp. (DFC), the U.S. government's development finance institution, securing $4.6-million (U.S.) in reimbursable funding for front-end engineering and design. Mkango has signed a business combination agreement with CKPT to list the Songwe Hill and Pulawy rare earths projects on the Nasdaq Stock Market through a special-purpose-acquisition-company merger under the name Mkango Rare Earths Ltd.

We seek Safe Harbor.