Marula Mining PLC

("Marula'' or the "Company")

28 July 2025       

Memorandum of Understanding Signed with Geological Society of Kenya

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with the Geological Society of Kenya ("GSK') a leading national organisation committed to advancing the geosciences and supporting geologists across Kenya.

GSK is a Kenyan association dedicated to promoting the advancement of the geological and geosciences profession in Kenya through professional networking, training, and the facilitation of industry partnerships.

This strategic MOU formalises a partnership designed to promote professional development opportunities, foster knowledge exchange, and strengthen both the Company's and GSK's profiles within Kenya's mineral sector and broader business landscape.

GSK will leverage its expertise and network to support the Company in securing community backing, promoting sustainable mining and investment practices, and maintaining high standards in both early and advanced-stage exploration and mine geology, to boost investment confidence.

The collaboration underscores Marula's commitment to responsible mining, community integration, and skills development as it continues to expand its operations in Kenya and across the East Africa region.

Highlights

·    Strategic MOU signed with the GSK for an initial one year is set to enhance cooperation in professional development and responsible mining practices

·    Marula to become a corporate member of GSK, participating in industry networking forums and branding opportunities

·    GSK will offer expert consultant network for technical support in exploration, environmental compliance, field research and project evaluation

·    Marula will have access to GSK's pool of highly qualified experts who will be engaged for specialised consultancy, technical reviews, or as advisors on strategic projects

·    The Company to offer opportunities for up to ten structured graduate trainees and ten industrial attachments annually, providing young geologists and recent graduates with hands-on exposure to real-world exploration and mining operations.

·    Mentorship will be provided by Marula professionals to ensure skill development aligned with international best practices and exposure to real-world challenges, hands-on training, and insights into responsible exploration and mining practices.

·    GSK to support Marula's corporate social responsibility ("CSR") efforts through targeted community engagement initiatives

·    Joint development and hosting of workshops and training sessions on key industry topics, including geological safety, sustainable mining, and technological innovations.

·    The Company may also provide additional funding towards educational and research programmes, including exploring the establishment of a geological research laboratory at a Kenyan university

·    The partnership is already demonstrating tangible outcome with Ms Christine Kiptoo and Mr Kelvin Ronoh, two GSK-affiliated geological interns who have worked with Marula in recent months across its Kenyan exploration projects, have now been offered full-time employment with the Company.

·    As Graduate Geologists, Ms Kiptoo and Mr Ronoh will continue to work closely with Marula's Geology and Exploration team headed by Mr Collins Asseto head of exploration East Africa and Mr Christopher Attwood General Manager Operations East Africa collectively to work on current and potential projects throughout Kenya. Their core responsibilities will include:

·  Conduct geological mapping, prospecting activities under supervision, collect and document samples in line with exploration protocols

·    Assisting with core logging, labelling, sample management, and geochemical data recording

·    Data Management, producing geological maps, cross-sections, and using tools such as Micromine for spatial analysis, supporting field surveys and ensuring data accuracy

·    Assisting in site logistics, equipment coordination, drilling support, and cost tracking

·    Supporting cost estimates, internal audits, and adherence to regulations

·    Contributing to field reports, technical documents, and project assessments

·    Engaging in economic modelling, ESG initiatives, and opportunity assessments

Ng'ang'a Kuria, President, Geological Society of Kenya, commented:

"When the Geological Society of Kenya brings professionals into a common platform, it creates a powerful pool of technical expertise across the full lifecycle of mineral development - from exploration and feasibility to extraction and sustainability.

"Partnering with a professional organisation of this calibre enhances the quality of insights, fosters collaboration, and supports more informed decision-making. This includes, among other benefits, access to technical expertise and experience, knowledge sharing through joint forums, capacity building through field-based learning, the application of technology towards shared objectives, and a focus on sustainable and strategic development.

"You won't go wrong by investing in professional partners. These collaborations are not just strategic, they are essential for unlocking value, minimising risk, and achieving long-term success in mineral development."

Collins Aseto, Head of Exploration East Africa, Marula Mining, commented:

"As a proud member of Geological Society of Kenya, I would like to express my appreciation for the recent Memorandum of Understanding with Marula Mining plc.

"This partnership not only marks a significant step forward in our commitment to sustainable mining practices but also supports the professional development of our members. I am particularly excited to announce the engagement of two interns on a permanent basis at Marula, which reflects our shared goal of fostering talent in the geology field.

"This step reflects our dedication to nurturing the next generation of geologists and mining professionals in Kenya. I hope we can now work with GSK to get additional interns to assist with our planned exploration activities here in East Africa.

"We believe that this partnership will enhance our efforts in sustainable mining practices and geological research the in Industry and Academia.

"Thank you once again for your trust and support. We look forward to a fruitful partnership."

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

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.