Mkango Resources Limited — Capital/Financing Update 2026

Apr 17, 2026

FORM 72-503F REPORT OF DISTRIBUTIONS OUTSIDE CANADA

1. Full name, address and telephone number of the Issuer.

a) Full name of issuer

Mkango Resources Ltd. / Mkango Resources Ltd.

b) Head office address

Street address	550 Burrard St., Suite 2900	Province/State	British Columbia
Municipality	Vancouver	Postal code/Zip code	V6C 0A3
Country	Canada	Telephone number	+1 (403) 923-7716

c) Full legal name(s) of co-issuer(s) (if applicable)

1. Type of security, the aggregate number or amount distributed and the aggregate purchase price.

Types of security distributed

Provide the following information for all distributions of securities relying on an exemption from section 2.3 or 2.4 of the Rule on a per security basis. Refer to the Instructions for how to indicate the security code. If providing the CUSIP number, indicate the full 9-digit CUSIP number assigned to the security being distributed.

					Canadian $
Security code	CUSIP number (if applicable)	Description of security	Number of securities	Single or lowest price	Highest price	Total amount
CMS		Common Shares	37,242,488.0000	$0.6064	$0.6064	$22,968,758.0000

Details of rights and convertible/exchangeable securities

If any rights (e.g. warrants, options) were distributed, provide the exercise price and expiry date for each right. If any convertible/exchangeable securities were distributed, provide the conversion ratio and describe any other terms for each convertible/exchangeable security.

Security code	Underlying security code	Exercise price (Canadian $)		Expiry date (YYYY-MM-DD)	Conversion ratio	Describe other terms (if applicable)
		Lowest	Highest

1. Date of distribution(s).

Distribution date

State the distribution start and end dates. If the report is being filed for securities distributed on only one distribution date, provide

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the distribution date as both the start and end dates. If the report is being filed for securities distributed on a continuous basis, include the start and end dates for the distribution period covered by the report.

Start date	2026	04	10
	YYYY	MM	DD
End date	2026	04	10
---	---	---	---
	YYYY	MM	DD

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1. State the name and address of any person acting as dealer or underwriter (including an underwriter that is acting as agent) in connection with the distribution(s) of the securities.

Dealer or underwriter information
Full legal name	PEEL HUNT LLP (NRD #48310)
Dealer or underwriter information
---	---
Full legal name	H&P Advisory Limited
Street address	7-10 Chandos Street
Municipality	London
Country	United Kingdom
Telephone number	+44 (207) 907-8500
Dealer or underwriter information
---	---
Full legal name	Retail Book Limited
Street address	10 Queen Street Place
Municipality	London
Country	United Kingdom
Telephone number	+44 (204) 570-4208
Dealer or underwriter information
---	---
Full legal name	JUB Capital Management LLP
Street address	25 Eccleson Place
Municipality	London
Country	United Kingdom
Telephone number	+44 (208) 159-2558
Dealer or underwriter information
---	---
Full legal name	Alternative Resource Capital
Street address	51 Lime St
Municipality

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| London | Province/State | Country Telephone number | | --- | --- | --- | | United Kingdom | Postal code/Zip code | | | +44 (204) 530-9160 | Website | |

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Certification

Certification

Provide the following certification and business contact information of an officer, director or agent of the issuer. If the issuer is not a company, an individual who performs functions similar to that of a director or officer may certify the report. For example, if the issuer is a trust, the report may be certified by the issuer's trustee. If the issuer is an investment fund, a director or officer of the investment fund manager (or, if the investment fund manager is not a company, an individual who performs similar functions) may certify the report if the director or officer has been authorized to do so by the investment fund.

The certification may be delegated, but only to an agent that has been authorized by an officer or director of the issuer to prepare and certify the report on behalf of the issuer. If the report is being certified by an agent on behalf of the issuer, provide the applicable information for the agent in the boxes below.

The signature on the report must be in typed form rather than handwritten form. The report may include an electronic signature provided the name of the signatory is also in typed form.

Securities legislation requires an issuer that makes a distribution of securities under certain prospectus exemptions to file a completed report of exempt distribution.

By completing the information below, I certify, on behalf of the issuer/investment fund manager, to the securities regulatory authority or regulator, as applicable, that I have reviewed this report and to my knowledge, having exercised reasonable diligence, the information provided in this report is true and, to the extent required, complete.

Name of Issuer/ investment fund manager/agent Mkango Resources Ltd.

Full legal name LINFIELD Derek

Family name First given name Secondary given names

Title Chairman

Telephone number +1 (403) 444-5979

Signature "Derek Linfield"

Email address derek@mkango.ca

Date 2026 04 17

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