Community Liaison Officers Appointed at Larisoro

Marula Mining PLC

("Marula'' or the "Company")

11 July 2024

Appointment of Community Liaison Officers at the Larisoro Manganese Mine

Marula Mining (AQSE: MARU A2X: MARU), an African focused mining and development company, is pleased to announce the appointment of Mr Samuel Lengila Ledilas and Mr Lkereyan Lemoonga, as Community Liaison Officers at the Larisoro Manganese Mine located in Samburu County in Northern Kenya (the "Larisoro Mine").

Mr Ledilas and Mr Lemoonga are both members of the local community around the Larisoro Mine, and their appointments, as full time employees of the Company's wholly owned Kenyan subsidiary, Muchai Mining Kenya Limited, demonstrates the Company's steadfast commitment to recruit and provide employment opportunities to members of the communities that are impacted by its mining activities.

Specifically in their roles as Community Liaison Officers, they will:

·    act as a key point of contact with the local communities and leaders for fostering effective communication, enhancing relationships and ensuring high quality community service by the Company to achieve the agreed community development goals, objectives and projects;

·    assist with all aspects of social and community relations, to implement and monitor community development and stakeholder engagement plans

·    assist with the development of community relations programs to educate and update the community members about the Company's exploration, mining and processing activities to support active community participation and ownership in these activities and in the agreed community development goals, objectives and projects

·    work closely with the Larisoro Mine Manager, its Community Relations Manager and key management, and with community-based organisations, other social partners in training and working with the communities for their participation in the design, implementation and operation of agreed community development projects

·    continuously provide feedback to the Company on community concerns and priorities ensuring responsive and adaptive community relations

·    assess, advise and support the implementation of the agreed community development goals, objectives and projects

·    at all times maintain effective communication with local communities in a manner that in is line with the Company's principles of legitimacy, trust, and integrity and adhering to international ESG standards for ethical engagement and sustainable development

Mr Ledilas and Mr Lemoonga have already commenced work at the Larisoro Mine.

Jason Brewer, CEO of Marula Mining, commented:

"I am delighted to announce these key community focused and full-time appointments at the Larisoro Mine.

"As a company we are firmly committed in supporting our local communities, and we understand that in order to achieve our long-term goals at the Larisoro Mine, we must maintain our fully inclusive and transparent approach in line with international ESG standards and at all times work closely in partnerships with local communities and all stakeholders.

"If we are to contribute to the economic, social and cultural well-being of the local communities, then the appointment of members of the community in roles such as this will provide both a platform for the members of the communities to voice their opinions, facilitate continuous engagements and serve as an effective link between the community and ourselves as well as to ensure that we deliver on agreed community development objectives, goals and the implementation of key projects.

"Over the past two months at the Larisoro Mine it has been pleasing to see the active involvement of the community and the positive impact that we are having. Over 88 members of the immediate surrounding communities have gained part-time employment at the Larisoro Mine and through collaboration with the Nakwamor Community Based Organisation, we have implemented a rotation policy to ensure employment of casual workers from all nearby communities. A further 7 full-time skilled workers have been employed at the Larisoro Mine, all from the immediate surrounding communities, and more full-time appointments are planned in the coming months.

"Marula is committed to not only formulating policies but to actually implement and deliver on its commitments to ensure maximum, inclusive and sustainable socio-economic benefits are provided to the communities that are located near its mining operations. I am very pleased to see the progress being made so early on at the Larisoro Manganese Mine and know much more is to come."

The Directors of Marula are responsible for the contents of this announcement.

About Marula Mining

Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in Africa; the Blesberg Lithium and Tantalum Mine and Kruisrivier Cobalt Mine both in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania and the Nkombwa Hill Project in Zambia. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on the AQUIS Stock Exchange (AQSE) and A2X Markets in South Africa.  Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.