Marula Mining PLC

("Marula'' or the "Company")

26 June 2025     

Appointment of New General Manager Operations East Africa

New Director of Strategic Initiatives Established for Major Growth

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the appointment of Mr. Christopher Attwood as the Company's new General Manager Operations East Africa, effective immediately.

Mr. Attwood brings with him over 25 years of international experience in the mining and extractive industries, with significant operational and leadership roles across Africa, Australia, and Central Asia dealing with various commodities including gold, copper, lead, coal and Rare Earths.

With more than a decade of experience in African mining, Mr. Attwood offers extensive knowledge of local stakeholder engagement, workforce development, and safety-first leadership.

His appointment supports the Company's commitment of rapidly advancing its East African portfolio, including current, as well as potential future new mining and processing operations throughout the region. 

The Company is also pleased to announce the promotion of Mr Edward Ruheni, to a new role as Director of Strategic Initiatives (non-board position). In this role Mr. Ruheni will be focused on driving growth across the Company's critical metals mining, processing operations and planned metals refining and value-addition portfolio in the East African region.

Highlights:

·    Mr. Attwood will lead day-to-day operations across all of the Company's East African projects and investments, overseeing all aspects of mining, processing, port, haulage, technical services, and general site operations across the Company's current and planned projects in the region.

·    Within his appointed capacity, he will be ensuring activities comply with all the relevant government regulatory requirements and that these activities are implemented in accordance with the Company's environmental, health, safety and ESG policies at all times.

·    He holds a Bachelor of Mining Engineering and a Higher National Diploma in Minerals Engineering from the Camborne School of Mines, UK.

·    Mr. Attwood has held senior management roles at major mining companies including Barrick (North Mara, Tanzania), Rainbow Rare Earths (Burundi), Edenville Energy (Tanzania), and Bisha Mining (Eritrea), where he led teams and improved operational output across gold, copper, coal, and rare earth mines.

·    He has successfully led brownfield restarts, greenfield project development, and operational transformations

·    Mr. Attwood within his appointed capacity, will be responsible for;

·    Leading the construction, commissioning, and day-to-day operations of mining and processing facilities in East Africa.

·    Providing technical and operational oversight to optimise production, maintain safety, and ensure projects meet or exceed design specifications and budget expectations.

·    Coordinating key operational functions including maintenance, engineering, quality control, and cost management to ensure delivery of tonnage and product specifications.

·    Driving integration and optimisation between exploration, construction, and production functions.

·    Promoting a strong culture of safety, environmental stewardship, cost efficiency, and continuous improvement.

·    Acting as a key liaison with local stakeholders including government authorities, suppliers, communities, and other regional partners to enhance the Company's operational reputation and manage risk.

·    Supporting the CEO and COO in the management of regional stakeholder engagement and develop and mentor direct reports and generally coach the team towards delivery of solutions that balance cost and quality.

·    Mr. Ruheni will assume a new expanded role within the Company as its Director of Strategic Initiatives

·    Within this role he will not only be focused on accelerating growth across our current East African battery and critical metals mining and processing operations but will also be looking at new opportunities and also identifying more broader value-addition projects including further processing and refining of these metals to product a higher-value product.

·    Mr. Ruheni will be responsible for;

·    Developing and implementing strategies to broaden Marula's footprint across jurisdictions and commodities, with a focus on long-term value creation.

·    Working with government and private sector institutions, with major universities and technical colleges and with community-based and non-governmental institutions.

·    Driving Marula's commitment to sustainable mining, ensuring that all strategic initiatives align with international ESG standards, including environmental stewardship and social responsibility.

·    Supporting permitting, compliance, and advocacy for sustainable project development.

·    Providing regular updates, strategic briefings, and investment cases to the Executive team and Board of Directors.

·    This role is important for the Company's long-term presence in the region, its commitment to sustainable development and to value addition projects.

Jason Brewer, CEO of Marula Mining, commented:

"We are thrilled to welcome Christopher to the company as our new General Manager Operations East Africa. His extensive leadership in mining operations and his proven track record in Africa will be critical as we transition multiple projects from exploration to production.

"Christopher's operational knowledge and approach align with our long-term goals in East Africa. We look forward to a successful partnership as we continue to grow and enhance our presence in the mining industry."

Christopher Attwood, General Manager Operations East Africa of Marula Mining, commented:

"I am excited to join Marula at an important stage in its East Africa expansion and work alongside a team of professionals. Having worked across the continent for over a decade, I understand both the operational challenges and the opportunities that exist in this region.

"I look forward to working with the exceptional team at Marula to drive safe, efficient, and sustainable mining operations that deliver real value to shareholders, communities, and all stakeholders involved."

Mr Edward Ruheni, Director of Strategic Initiatives of Marula Mining, commented:

"I am honoured to take on this new role at such an exciting stage in the Company's growth journey.

"This role gives me the opportunity to enhance the Company's working relationships  with governments and local, to drive sustainable development that benefits not just the Company, but the local communities we operate in.

"In the new position, I look forward to working with Mr Attwood to expand our footprint across East Africa and unlocking new opportunities."

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.

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine and Northern Cape Lithium and Tungsten Project, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. 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 AQUIS Stock Exchange (AQSE) in London 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.