RNS

Mkango Resources Ltd - MKANGO FILES REVISED NI 43-101 TECHNICAL REPORT

RNS Number : 7319B

Mkango Resources Limited

03 February 2020

MKANGO RESOURCES LTD.

550 Burrard Street

Suite 2900

Vancouver

BC V6C 0A3

Canada

MKANGO FILES REVISED NI 43-101 TECHNICAL REPORT WITH CANADIAN REGULATORS

London / Vancouver: February 3, 2020 - In response to certain questions from the British Columbia Securities Commission (the "BSCS"), Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company") has today filed a revised NI 43-101 Report (the "Revised Report") for the Songwe Hill Rare Earths Project in Malawi.

As requested by the BSCS, the Revised Report includes a discussion of the parameters used to establish the cut-off grade and any other factors the Qualified Person considered in determining reasonable prospects for eventual economic extraction, as well as certain clarifications in the reliance on non-experts section of the report.

The Revised Report also includes certain changes to the certificates of Qualified Persons which outline specific relevant experience and responsibility for particular sections of the report.

There are no material differences from the results originally disclosed in the Company's news release on February 4, 2019. The Revised Report will be available under the Company's profile on SEDAR (www.sedar.com).

For further information on Mkango, please contact:

Mkango Resources Limited

William Dawes Alexander Lemon

Chief Executive Officer President

[email protected] [email protected]

UK: +44 207 3722 744

Canada: +1 403 444 5979

www.mkango.ca

@MkangoResources

Blytheweigh

Financial Public Relations

Tim Blythe, Camilla Horsfall

UK: +44 207 138 3204

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, Rob Collins

UK: +44 20 7186 9004; +44 20 7186 9001

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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Quick facts: Mkango Resources Ltd

Price: 4.3

Market: LSE

Market Cap: £5.72 m

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