TSX-V: MKA

ADVANCED STAGE PROJECT - pre-feasibility study underway

NI 43-101 RESOURCE - substantial Indicated and Inferred rare earth resource defined

FLOW SHEET - produce critical & heavy rare earth enriched chemical concentrate

EXPERIENCED MANAGEMENT - strong team to deliver pre-feasibility study

MALAWI - world class, rare earth mineral province

INFRASTRUCTURE - road access to project, rail and power developments

EXPLORATION UPSIDE - 1,751 km2 combined license area

Mkango Resources Ltd. (TSX-V: MKA) is a Canadian mineral exploration and development company focused on rare earth elements and associated minerals in the Republic of Malawi. It holds a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi.

The Company’s primary focus is the Songwe Hill Project, a near surface carbonatite hosted deposit. On November 22, 2012, Mkango Resources successfully filed a NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Element (REE) Project; this represented a major milestone in the development of the project.

Cut-off Grade In-situ Indicated Mineral

Resource Estimate

In-situ Inferred Mineral

Resource Estimate

1.0% TREO 13.2 mt grading 1.62% TREO 18.6 mt grading 1.38% TREO

1.5% TREO 6.2 mt grading 2.05% TREO 5.1 mt grading 1.83% TREO TREO – total rare earth oxides. In-situ - no geological losses applied. mt - million tonnes

*NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Project, Phalombe District, Republic of Malawi, authored by Scott Swinden, PhD, P.Geo and Michael Hall, Pr.Sci.Nat., MAusIMM, , available on www.sedar.com.

The company initiated a pre-feasibility study in 2013, underpinned by an extensive program of mineralogical studies and metallurgical test work. In July 2013, they announced a base case metallurgical flow sheet for the Songwe Hill Project, this resulted in the Mkango targeting the production of a high grade, heavy and critical rare earth enriched chemical concentrate.

CAPITAL STRUCTURE Shares Outstanding: 73.3m

Fully Diluted: 102.3m

Share Price (14/04): $0.125

Mkt Cap (14/04): ~9.2m

MAJOR SHAREHOLDERS Leominex & Management ~32%

Sprott Inc & Affiliates ~15% Genesis Emerging Markets ~10%

EXECUTIVE DIRECTORS Mr William Dawes

CEO

Mr Alexander Lemon

President

NON-EXECUTIVE DIRECTORS Mr Adrian Reynolds

Mr Derek Linfield

Mr David Berg

Mr Eugene Chen

MANAGEMENT

Mrs Sandra Beaulieu

CFO

Dr Aoife Brady

Principal Geologist & Mineralogist

Mr Burton Kachinjika

Country Manager

Mrs Effie Likaku

Country Administrator

Mr James Mtegha

Senior Exploration Geologist

Mr Ansel Zabula

Senior Exploration Geologist

RARE EARTHS EXPLORATION

January 2013

April 2014

KEY MILESTONES

Jan 2010 - Songwe Hill licence awarded Jan 2011 - MKA listed on TSX-V, raising C$7.8m July 2011 - Phase 1 drilling complete (2,000m) May 2012 - Phase 2 drilling complete (4,850m) Oct/Nov 2012 - Maiden resource announcement & Filing of 43-101

technical report Jan 2013 - Songwe Hill licence renewed for 2 years March 2013 - Launch of Environmental study – Digby Wells (PFS) April 2013 - Raised 2.3m (CDN) July 2013 - Announced base case metallurgical flow sheet September 2013 - Appointed SNC-Lavalin (PFS) April 2014- Raised 2.27m (CDN)

La2O3 4%

Ce2O3 8%

Sm2O3 0.5%

Gd2O3 1%

Nd2O3 35% Eu2O3

16%

Dy2O3 11%

Pr2O3 17% Tb2O3

4% Y2O3 3%

RARE EARTH EXPLORATION

SONGWE HILL HIGHLIGHTS

Mine Development & Infrastructure

Favourable topography - located on a hill, not a laterite deposit

Broad zones of mineralisation - as opposed to a narrow vein or dyke deposit

Outcropping mineralisation - potential for open pit mining

Developing infrastructure - railhead in Blantyre, roads being paved to within circa 10km from project with gravel/dirt roads for the balance, power developments, access to water

Mineralogy & Processing

Targeting critical & heavy rare earth enriched product: Cerium depleted, high grade, mixed rare earth hydroxide (55% TREO

1, 18% HREO

2/TREO)

Favourable mineralogy - synchysite and apatite that is anomalously enriched in heavy rare earths

Good leach recoveries - overall rare earth recoveries are greater than 80% with recovery of critical rare earths (CREO)

3 to the leach solution

ranging from 86% to 93%

Low temperature leaching - high capital and energy intensive kilns will NOT be required

Low strength acid - enables the use of plastics or composite materials for tanks and pipework; will facilitate acid recycling using cheaper sulphuric acid

Short leach time - allows for a significant size reduction for the hydrometallurgical plant

Conventional technology - plant design will be largely comprised of tanks, pumps and filters

Modular plant - facilitates the potential for future expansions, the latter underpinned by significant resource base

1 TREO – total rare earth oxides including yttrium oxide, 2 HREO – heavy rare earth oxides including yttrium oxide, 3 CREO – critical rare earths comprising neodymium, europium, dysprosium, terbium, yttrium

RARE EARTH ELEMENTS

CRITICAL RARE EARTHS: Neodymium, praseodymium, europium,

dysprosium, terbium and yttrium are used in permanent

magnets and phosphors which feed into high growth sectors:

Consumer Electronics: including smartphones, tablets, flat screen and plasma TVs, MP3 players and computer hard drives

Clean Energy or “Green” Technology: including hybrid and electronic vehicles, wind turbines, energy efficient lighting

Defense, Health and Industrial Technology: such as lasers, camera lenses, x-ray machines, aerospace, MRI machines

~85% OF GROSS IN-SITU VALUE GEARED TO HIGH GROWTH SECTORS

Rare earths used in the magnet and phosphor sectors

*Based on Indicated carbonatite resource at 1.0% TREO cut-off grade: 11.1mt grading 1.62% TREO, Distribution by value based on approximate Asian Metal FOB China prices as at 15/04/2014, Analysis does not take account of recovery factors

Songwe Hill - Distribution by in-situ value

CONTACT:

259 Windermere Road SW, Calgary P: +1 403 444 5979 info@mkango.ca Alberta, Canada T3C 3L2 F: +1 403 351 1703 www.mkango.ca