London / Vancouver: January 7, 2020 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce the appointment of Mr Tim Slater as Interim Chief Financial Officer (“CFO”) of the Company.

The Board of Directors (the “Board”) has appointed Mr Slater as the Company’s interim non-board CFO, subject to the approval of the TSX Venture Exchange (“TSX-V”).  Mr Slater replaces Ms Sandra Evans, who has served as CFO since January 2010. The Company wishes to thank Ms Evans for fulfilling the role of CFO for the last 9 years and wishes her success in her future endeavours. Ms Evans will continue to provide consulting services to the Company until June 2020 to ensure a smooth transition period.

Mr Slater is currently Managing Director of Harmer Slater which provides CFO, accounting and regulatory compliance to AIM- and Toronto Stock Exchange- listed companies. Mr Slater is an ACA CTA trained accountant and has previously served as Interim CFO for several AIM- and TSXV-listed companies. Mr Slater has over 10 years’ experience in the mining and manufacturing sectors with responsibility for business plans, budgetary control, audits, forecasting and International Financial Reporting Standards and their application to multi-national groups.

Mkango President, Alexander Lemon said:

“We are delighted that Tim has joined us for the next exciting phase of our development. We are building a team that will enable Mkango to fulfil the undoubted potential of our asset base and to further grow Mkango Resources.”

Mr Slater will also assume the Group Company Secretarial responsibility.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information on Mkango, please contact:

Mkango Resources Limited

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.