Marula Mining PLC

("Marula'' or the "Company")

Expanded and Strengthened Investment Strategy

27 October 2022

Marula Mining (AQSE: MARU) is pleased announce that, at the Company's upcoming Annual General Meeting ("AGM") on 18 November 2022, it will be putting forward a resolution to vary the investing strategy of the Company to allow Directors the authority to acquire the majority interests of the entire issued and to be issued share capital in the Company's investments, projects and entities.

This variation will allow Marula to explore a wider range of opportunities with the aim of delivering increased returns for its shareholders, in line with the Company's strategy of focusing on advanced or producing projects in Africa and the battery metals space.

Jason Brewer, Marula Mining PLC CEO, said:

"We believe that strengthening our investment strategy is the right next step for us to take, allowing us to evaluate a higher number of investment opportunities with potentially better future returns.  Currently we cannot acquire majority stakes in projects and are therefore limited in our operating activities, impacting the value we can deliver to shareholders.

"The new management team is ideally placed, with regards to both expertise and industry connections, to proactively secure future opportunities and actively manage its investments. The Blesberg Lithium and Tantalum Project, where we are now looking to increase our ownership to 100%, is the first example of this and we look forward to being able to being able to further implement this strategy in the future."

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

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Caution;

This announcement has been prepared for information purposes only.

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.