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Perseus Releases Updated Technical Report for Its Yaouré Gold Mine

Technical Reports (NI 43-101)

19 DECEMBER 2023

NEWS RELEASE

PERSEUS RELEASES UPDATED TECHNICAL REPORT FOR ITS YAOURÉ GOLD MINE

Perth, Western Australia/December 19, 2023/Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce the release of the updated Technical Report for its Yaouré Gold Mine in Côte d’Ivoire, West Africa (“Yaouré”).

The Technical Report, with an effective date of September 18, 2023, was prepared in compliance with Canadian Securities Administrators’ National Instrument 43-101 and is available on www.perseusmining.com and www.sedarplus.ca.

The Report summarises the results of the updated Life of Mine Plan to demonstrate the technical and economic viability of an extended mine life at Yaouré, inclusive of a feasibility level study on an underground mine on the CMA orebody.

Please refer to News Release dated September 18, 2023 “Perseus extends life of Yaouré Gold Mine to 2035” for a summary of the material information contained in the Yaouré Technical Report.

This announcement was authorised for release by Jeff Quartermaine, Executive Chairman and Chief Executive Officer

REGISTERED OFFICE:CONTACTS:
Level 2Jeff Quartermaine
437 Roberts Road
Executive Chairman & CEO
Subiaco WA 6008
[email protected]
Telephone: +61 8 6144 1700Nathan Ryan
Email: [email protected]
Media Relations
WWW.PERSEUSMINING.COM
+61 4 20 582 887
[email protected]

PERSEUS MINING LIMITED ADDRESS: LEVEL 2, 437 ROBERTS ROAD, SUBIACO WA 6008 ABN: 27 106 808 986 PERSEUSMINING.COM 1