Marula Mining PLC - Appointment of Sales Consultant

Marula Mining PLC

("Marula'' or the "Company")

12 December 2024

Appointment of Metals Trading and Commodity Sales Consultant

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce the key appointment of Mr Richard Hawken as the Company's metals trading and battery and critical metals commodity sales consultant.

Mr Hawken, has over 15 years' experience in commodity sales, trading and marketing throughout Africa whilst holding senior management and executive positions in both South Africa and the United Kingdom. He has a track record in sourcing and trading base metals as well as strategic critical metals throughout Southern, East and Central Africa,  whilst working with a number of European and United Kingdom headquartered global commodity trading groups, London Stock Exchange listed and private mining companies.

Mr Hawken's experience and expertise in structured offtake agreements, commodity financing, and logistics within the metals trading supply chain in Africa, is considered of significant value to the Company in our optimisation and negotiations processes with a number of new offtake and commodity sales agreements.

In his role, Mr Hawken will focus on securing and overseeing key sales and marketing agreements over the Company's planned production and sales in 2025.  He will also assist the Company's Executive Management in finalising negotiations and contractual arrangements on the proposed joint venture, as announced on 17 October 2024, with a Chinese battery manufacturer for the commissioning, financing, and operation of a lithium acid leaching plant at the Blesberg Lithium and Tantalum Mine.

The Board and Executive Management team, believe that Mr Hawken's appointment will further strengthen the Company's ability to secure high-value commodity sales and offtake contracts across our portfolio of battery and critical metals projects in East and Southern Africa.

Richard Hawken, Marula's Metals Trading and Commodity Sales Consultant said:

"I am thrilled to be joining Marula Mining at a time of tremendous growth and opportunity.

The Company's critical metals portfolio and focus on delivering high-value products to global markets are highly compelling. I look forward to contributing to the optimisation of current and future offtake agreements as well as advancing strategic initiatives whilst working alongside the executive and operations teams in South Africa, Kenya and Tanzania to deliver increased levels of profitable commodity sales."

Jason Brewer, Marula Mining PLC CEO said:

"On behalf of the Board, I am delighted to welcome Richard at this pivotal operations stage across our assets.

"I've known and worked with Richard for several years and believe his extensive experience in metals trading and offtake negotiations will significantly strengthen our ability to maximise value across our critical metal's portfolio and enhance growth with the international commodity market.

"His involvement will also be instrumental in progressing the planned lithium sulphate joint venture discussions at Blesberg and our copper cathode processing facility at Kinusi."

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, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania and the Nkombwa Hill Project in Zambia. 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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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.