Mkango Intersects Further Extensive REE Zones at Songwe and Provides Exploration Update

November 14, 2011

Mkango Resources Ltd. (TSX-V: MKA) announced today results for the remaining three holes (PX027, PX030 and PX031) of the Stage 1 drilling programme at the Songwe project in Malawi. Highlight include: 81.5m grading 1.3% TREO (20.3 – 1o1.8), including 18.7m grading 2.1% TREO (80.0 – 98.7 from hole PX027 and 13.0m grading 1.4% TREO (68.0 – 81.0m).

 The main highlights from the first phase of exploration are as follows:

  • Eleven of the thirteen holes drilled in Stage 1 intersected significant zones of rare earth mineralisation, including higher grade zones and areas of heavy rare earth enrichment. Drilling and surface mapping to date have confirmed that the extent of the mineralised carbonatite is much greater than indicated by historical exploration
  • Drilling, surface mapping and sampling has outlined TREO enriched carbonatite, fenite and breccia lithologies, largely exposed at surface, within an area measuring approximately 350m by 20-150m, with mineralisation open to depth. This area will be the focus of the next phase of drilling.
  • Rare earth mineralisation, in addition to niobium mineralisation, is pervasive throughout the carbonatite, breccia and fenite lithologies and there appears to be a separate phase of heavy rare earth and yttrium enriched mineralisation which extends well beyond the carbonatite zones
  • Mineralogical analysis of the rare earth bearing lithologies is well advanced and representative sections of core are now being selected for scoping metallurgical test work to commence in 2012
  • Exploration has recently identified two breccia zones within 3km of Songwe with highly anomalous yttrium values as analysed by a hand held niton XRF
  • Regional exploration has commenced, targeting other known vent systems, breccia zones and other new exploration targets identified through satellite imagery and analysis of radiometric data

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Mkango Resources Intersects Significant Zones of Rare Earth Mineralization at Songwe Including 57.5M GRADING 3.8% TREO

September 14, 2011

Calgary, Alberta: September 14, 2011 Mkango Resources Ltd. (TSX-V: MKA) announced today that it has intersected significant near surface zones of rare earth mineralisation at its Songwe project in Malawi, with zones of higher grade mineralisation and elevated heavy rare earth enrichment also identified.

Mkango has received assay results from ten of its 13 hole Stage 1 drilling programme. Apart from PX023 and PX024, which were vertical holes, drill holes were inclined (60-70 degrees), and were all collared on the north – eastern slopes of Songwe hill, which rises approximately 230m above the surrounding plain.

Highlights of drill results include:

  • 117.4m grading 1.6% TREO (184.8 – 302.2m)
  • 57.5m grading 3.8%TREO
  • 113.8m grading 1.7% TREO
  • 178.5m grading 1.3% TREO
  • 113.9m grading 1.8% TREO
  • 84.9m grading 1.0% TREO
  • 89.7m grading 1.6% TREO
  • 89.0m grading 1.5% TREO

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Mkango Resources Ltd. Announces Completion of Stage One Drilling at the Songwe Hill Rare Earth Element Project in Malawi

July 11, 2011

Mkango Resources Ltd. (TSX-V: MKA) reported this morning the completion of its stage-one diamond drilling program at the Songwe Hill rare earth element (REE) project in Malawi.  The Songwe Hill rare earth element project is located within the 100% owned exclusive prospecting licence (the “Phalombe Licence”) EPL0284/10 covering an area of 1,283 km2 in southeast Malawi. Songwe Hill is located about 20 km north of Phalombe town and features carbonatite hosted rare earth mineralization which was previously drilled in the late 1980s. Exploration and mineralogical analysis was completed during 2010, and the 43-101 compliant “Technical Report on the Songwe Rare Earth Element (REE) Project, Republic of Malawi” dated September 30, 2010 was filed on SEDAR.

The latest phase of exploration by Mkango in 2011 comprised an initial 13 diamond drill holes for a total of approximately 2,000m. The drill holes tested the mineralized zones previously identified in the late 1980s in addition to potential extensions of these zones. Assay results for these drill holes are expected to be announced in September 2011. The recent drill programme, in addition to geological re-mapping by Dr Alan Woolley, consultant to Mkango, has significantly enhanced Mkango’s understanding of the project:

— Significant quantities of carbonatite have been intersected in the majority of the drill holes, the deepest intersection being at approximately 260 metres vertical depth, significantly deeper than encountered in previous drilling (50 metres) in the late 1980s

— Rare earth element mineralization is confirmed by detailed Niton XRF analysis, with geochemical assay results expected in September

— New exposures generated from construction of drill pads and roads has facilitated remapping at Songwe Hill with new areas of potential mineralization identified.

— Two drill holes intersected carbonatite to the east of the previously mapped contact with nepheline syenite indicating carbonatite extends further east than previously mapped.

— Mineralized breccia zones have been identified and may represent a further rare earth target type within the Songwe Hill vent system 

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