MKA Mkango Resources Ltd

Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Company" or "Mkango"), is pleased
to announce that, subject to regulatory approval, Mkango has granted 1,980,000
stock options ("options") to directors, officers, employees and consultants of
the Company. The options have an exercise price of $0.20 per common share, will
vest over the next two years and are valid for a period of 10 years from the
date of grant. The options were granted in accordance with the Company's stock
option plan pre-approved by shareholders on June 14, 2013.


About Mkango Resources Ltd.

Mkango's primary business is the exploration for rare earth elements and
associated minerals in the Republic of Malawi. It holds, through its wholly
owned subsidiary Lancaster Exploration Limited, a 100% interest in two exclusive
prospecting licenses covering a combined area of 1,751 km2 in southern Malawi.
The main exploration target is the Songwe Hill rare earth deposit, which is
accessible by road from Zomba, the former capital, and Blantyre, the principal
commercial town of Malawi. On 22 November 2012, Mkango filed a Technical Report
(the "Report") for its maiden NI 43-101 mineral resource estimate for Songwe
Hill. Mkango is currently completing a pre-feasibility study for the project. In
parallel, the company is also undertaking regional exploration in the second
license area known as Thambani, where a number of areas with potential for
uranium, zircon, corundum and niobium have been identified.


The Company's corporate strategy is to further explore and develop the Songwe
Hill rare earth deposit and Thambani licence, and secure additional rare earth
element and other mineral opportunities in Malawi and elsewhere in Africa.


On behalf of the Board of Mkango Resources Ltd.,

William Dawes, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements 

This news release may contain forward-looking statements relating to the
Corporation. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to
the possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual performance
and results in future periods to differ materially from any estimates or
projections of future performance or results expressed or implied by such
forward-looking statements. Such factors and risks include, among others, the
interpretation and actual results of current exploration activities; uncertainty
of estimates of mineral resources, changes in project parameters as plans
continue to be refined; future commodity prices; possible variations in grade or
recovery rates; failure of equipment or processes to operate as anticipated;
labour disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of exploration. 


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Corporation
disclaims any intention and assume no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable securities law.
Additionally, the Corporation undertakes no obligation to comment on the
expectations of, or statements made, by third parties in respect of the matters
discussed above.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mkango Resources Ltd.
Ashlee Utterback
Corporate Communications Manager
Office: +1 (403) 444-5979
ashlee@mkango.ca


Mkango Resources Ltd.
William Dawes
Chief Executive Officer
will@mkango.ca


Mkango Resources Ltd.
Alexander Lemon
President
alex@mkango.ca
www.mkango.ca

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