MARU Marula Mining Plc

Marula Mining PLC

("Marula'' or the "Company")

8 July 2024

Appointment of Logistics and Procurement Manager, East Africa

Marula Mining (AQSE: MARU), an African focused mining and development company, is pleased to announce the appointment of experienced mining professional, Mr Fred Butia, as the Company's Logistics and Procurement Manager, East Africa.

Mr Butia has over 13 years' experience in logistics, exports, imports, customs documentation, warehousing and community relations in East Africa's mining industry. He holds a Bachelor's Degree in Business Administration from Makerere University Business School in Uganda and brings a broad and extensive blend of expertise to the Company at a time when exports sales and significant growth is underway and planned in East Africa.

The appointment of Mr Butia follows the Company's progress with its investment at the Larisoro Manganese Mine located in Samburu County in Northern Kenya (the "Larisoro Mine"), where manganese ore is being transported to Nairobi under a recently signed export logistics agreement with Scan Global Logistics Kenya Limited ("SGL Kenya") and to be sold under two sales and offtake agreements already in place, including one with United Kingdom based global metals, minerals and energy commodities trading group, Fujax UK Ltd.

Highlights:

·    Mr Butia joins Marula's wholly owned subsidiary Muchai Mining Kenya Limited as Logistics and Procurement Manager, East Africa.

·    Mr Butia holds a Bachelor's Degree in Business Administration from Makerere University Business School in Uganda.

·    With over 13 years' experience in mining, procurement, logistics, finance and mineral exports, Mr Butia is well placed to oversee the Company's transportation of minerals and export arrangements of manganese, copper and graphite ores in East Africa.

·    Upon his appointment, Mr Butia will work closely with the teams from SGL Kenya and oversee the road transportation underway for the export of manganese ore material from the Larisoro Mine to Nairobi, rail transportation through to the Port of Mombasa and export and delivery into the sales and offtake agreements.

·    Mr Butia will also work closely with Mr Ben Kiprotich, Mine Manager at the Larisoro Mine and Mr Edward Ruheni, General Manager East Africa, to ensure smooth and timely deliveries of mineral ores from the Company's current and upcoming mining operations in East Africa.

·    In his role, Mr Butia will specifically ensure:

·    Planning and co-ordinating transportation, logistics, and distribution activities to ensure efficient mining and processing operations.

·    Manage the movement of materials to and from the Port of Mombasa to ensure swift delivery.

·    Analyse market and delivery trends to develop procurement and logistics related activities.

·    Provide periodic reporting for management on purchasing, controls and processes.

·    Assessing risks associated with logistics, operations, and supply chain activities.

·    Ensuring compliance with all applicable health, safety, and environmental regulations as well as the Company's Corporate Governance policies.

·    Mr Butia will commence work with the Company later this month and over the next month will visit the Company's activities at the Larisoro Mine and the Company's Kinusi Copper Mine, Nyorinyori and NyoriGreen Graphite Projects in Tanzania.

Jason Brewer, CEO of Marula Mining, commented:

"As we look to rapidly progress our robust growth in East Africa and in particular our investment in Kenya's manganese sector, it is critical to be able to attract and recruit a team of capable and experienced professionals. I am delighted to announce the appointment of Mr Fred Butia as our Logistics and Procurement Manager, East Africa.

"His extensive experience in logistics, procurement, and mining operations makes him a very valuable addition to the team at Marula Mining. I believe he will provide a major contribution, not only as we execute and advance our manganese ore export initiatives, but also as we look to expand our mining activities in the region with new investment in plant and equipment across multiple projects and throughout East Africa.

"This key appointment further underscores our commitment to operational excellence and strategic growth in the region and to continue to ensure our business is supported by a strong team of highly qualified and capable professionals."

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

ENDS

About Marula Mining

Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in Africa; the Blesberg Lithium and Tantalum Mine in South Africa, 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 the London AQUIS Stock Exchange (AQSE) 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.