MKANGO RESOURCES LTD.

550 Burrard Street

Suite 2900

Vancouver

BC V6C 0A3

Canada

UPDATE TO ADMISSION DATE OF PLACEMENT SHARES

London / Vancouver: 8 November 2024 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") notes that further to its announcement of 28 October 2024, due to administrative delays, admission of the 1,583,332 common shares of nil par value each ("Placement Shares") is now expected to take place at 8a.m. on or around 22 November 2024 rather than 8 November 2024 as originally indicated. The TSX-V has conditionally approved the issuance of the shares, subject to satisfaction of customary closing conditions.

For further information on Mkango, please contact:

Mkango Resources Limited

William Dawes                               Alexander Lemon

Chief Executive Officer                  President

[email protected]                             [email protected]

Canada: +1 403 444 5979

www.mkango.com

@MkangoResources

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Caroline Rowe

UK: +44 20 3470 0470

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 7186 9004/5

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.