MKA Mkango Resources Ltd

Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is
pleased to announce that it has entered into an investor relations consulting
agreement, effective December 10, 2012, with Ashlee Utterback (the "Agreement").



Ms. Utterback has worked in investor relations most recently with Castle Peak
Mining Limited and has been in sales and marketing management for the last 10
years. Ms. Utterback will assist Mkango Resources Limited with providing
investor relations, marketing and communications services to existing and
potential investors, creating marketing materials, providing feedback to
management and assisting with trade shows and other media relations. 


The Agreement provides for a monthly consulting fee of GBP 3,333.33 and the
issuance of 200,000 incentive stock options (the "Options") exercisable for a
three-year period at a strike price of C$0.50 per share, as well as approved
expenses. The Options will vest according to the following schedule: 50% at the
six month anniversary of the signing of the agreement; and 50% at the twelve
month anniversary of the signing of the Agreement. The Agreement is for an
initial term of one year, with a thirty-day notice of termination provision at
any time by either party.


The Agreement and grant of the Options are subject to TSX Venture Exchange
approval. Ms. Utterback has no interest in the Corporation or its securities
other than the previously mentioned Options.


The Songwe Hill Rare Earth Project 

The Songwe Hill rare earth project is located within a 100% owned exclusive
prospecting licence covering an area of 1,283 km2 in southeast Malawi (the
"Phalombe Licence"). Songwe is accessible by road from Zomba, the former
capital, and Blantyre, the principal commercial town of Malawi. Total travel
time from Zomba is approximately 2 hours, which will reduce as infrastructure
continues to be upgraded in the area. 


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, 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 features
carbonatite hosted rare earth mineralisation and was subject to previous
exploration in the late 1980s. 


The Corporation recently filed a 43-101 compliant resource on Sedar and its
corporate strategy is to further delineate and develop the rare earth
mineralisation at Songwe Hill and secure additional rare earth element and other
mineral opportunities in Malawi and elsewhere in Africa.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mkango Resources Ltd.
William Dawes
Chief Executive Officer
+1 (403) 444-5979
+1 (403) 351-1703 (FAX)
will@mkango.ca


Mkango Resources Ltd.
Alexander Lemon
President
+1 (403) 444-5979
+1 (403) 351-1703 (FAX)
alex@mkango.ca
www.mkango.ca

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