Mr. William Dawes reports

MKANGO RESOURCES LIMITED ANNOUNCES APPOINTMENT OF NEW AUDITORS

Mkango Resources Ltd. has appointed MNP LLP as its independent auditor for the financial year ending Dec. 31, 2024. The appointment is effective Oct. 11, 2024. The company has completed the onboarding process of MNP.

The company's change in auditor follows a mandatory requirement of the resignation of BDO (UK) LLP on Oct. 2, 2024, due solely to a British Columbia regulatory requirement for the company to have a British Columbia-registered auditor. There were no "reportable events" (as such term is defined in National Instrument 51-102 -- Continuous Disclosure Obligations between the company and BDO (UK) LLP.

Pursuant to NI 51-102, the notice of change of auditor, together with the letter from BDO (UK) LLP and the letter from MNP, have been reviewed by the company's audit committee and the board of directors and have been filed on SEDAR+ accordingly.

The appointment of MNP as independent auditor for the following financial year will be subject to approval by the company's shareholders at the next annual general and special meeting to be held on Nov. 26, 2024.

About Mkango Resources Ltd.

Mkango is listed on London's AIM 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 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.