Marula Mining PLC

("Marula'' or the "Company")

19 December 2024

Memorandum of Understanding Signed with Mining Engineers Society of Kenya

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce the signing of a Memorandum of Understanding ("MOU") with the Mining Engineers Society of Kenya ("MESK") to establish a strategic partnership aimed at advancing Kenya's mining sector through professional development, community integration, and sustainable practices.

MESK is a distinguished professional organisation focused on supporting mining engineers in Kenya by promoting professional development, encouraging knowledge exchange, and providing a collaborative platform for industry stakeholders.

Through this partnership, MESK will leverage its expertise and network to assist Marula in its core operating strategy which involves maintaining continued strong community support, promoting sustainable mining and investments, and at all times using locally qualified mining professionals in all aspects of mineral exploration and production in its Kenya mining operations.

This partnership also underscores a commitment by both parties to sustainable mining practices and the advancement of Kenya's mining industry, and leveraging MESK's professional expertise and Marula's operational capabilities.

Highlights;

·    Marula and MESK entered into an MOU aimed at advancing Kenya's mining sector

·    MESK will provide the Company with access to its network and pool of industry experts for specialised consultancy services in resource estimation, environmental management, and sustainable project management

·    The partnership will also aim to collaborate on technical project reviews and assessments and on key strategic projects in the critical metals sector, aimed at optimising operational efficiency and compliance with world class industry standards

·    Marula will also promote youth employment opportunities across its operations and development projects and provide internship opportunities annually to graduate trainees and attachments to MESK members

·    Under the MOU, the parties will jointly organise workshops and seminars to address critical topics, including sustainable mining, health and safety, and technological advancements among other mining related discussions

·    MESK will further provide support in implementing impactful community programs, enhancing the Company's corporate social responsibility programs and profile

·    As a member of MESK, Marula will provide annual financial support to explore funding opportunities for establishing a mineral processing research laboratory at one of Kenya's leading universities

·    This collaboration with MESK, aligns with Marula's mining and development strategy in Kenya and ongoing activities at its current mine sites and underscores the Company's commitment to both promote and continue to invest in the country's mineral resources

Joseph Njuguna Komu, Mining Engineers Society of Kenya Chairman said;

"We are thrilled to partner with Marula Mining Plc, a company that shares our commitment to professional excellence and community advancement. This MOU marks a significant step forward in fostering the growth in the mining sector.

"Through this partnership, MESK will leverage its expertise and network to assist Marula in achieving its strategic goals here in Kenya and we look forward to working with them in the years ahead."

Jason Brewer, Marula Mining PLC CEO said;

"Partnering with the MESK is an exciting opportunity for us to make a lasting impact in Kenya's mining sector.

"This collaboration is not just about advancing our operational goals but also about contributing to the development of local expertise, promoting youth employment in the mining sector and enhancing community welfare.

"By working with MESK, we aim to promote innovative mining practices, build technical capacity, and demonstrate our unwavering commitment to sustainability and social responsibility in projects we are involved with."

The Directors of Marula are responsible for the contents of this announcement.

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, Korridor Lithium Project and Kruisrivier Cobalt Mine, all in South Africa; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

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