Updated Corporate Presentation

LONDON and VANCOUVER, British Columbia, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) is pleased to announce that, following the acquisition of HyProMag Ltd, the corporate presentation has been updated in line with Mkango’s vision and strategy of sustainably sourcing rare earths for the green transition. The updated presentation is now available on the Company's website www.mkango.ca.

Mkango Resources also announces that it will be attending the 19th International Rare Earths Conference in San Antonio, U.S., hosted by Metal Events, from October 18-20, 2023.

For further information on Mkango, please contact:

Mkango Resources Limited
William Dawes		Alexander Lemon
Chief Executive Officer		President
[e-mail]		[e-mail]
Canada: [phone]
www.mkango.ca
@MkangoResources

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Kasia Brzozowska
UK: [phone]

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: [phone]/5

Tavistock Communications
PR/IR Adviser
Jos Simson, Cath Drummond, Adam Baynes
UK: [phone]
[e-mail]

About Mkango Resources Ltd.

Mkango's corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector. Mkango is listed on the AIM and the TSX-V.

Mkango is developing its Songwe Hill rare earths project (“Songwe”) in Malawi with a Definitive Feasibility Study completed in July 2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023.

In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical producer have agreed to work together towards development of a rare earth separation plant at Pulawy in Poland (the “Pulawy Separation Plant”) to process the purified mixed rare earth carbonate produced at Songwe.