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Change to Perseus’S Senior Management Team

Corporate Updates

30 JANUARY 2023

NEWS RELEASE

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CHANGE TO PERSEUS’S SENIOR MANAGEMENT TEAM

Perth, Western Australia/January 30, 2023/Perseus Mining Limited (ASX/TSX: PRU) wishes to advise that

after seven years of outstanding service, its Chief Operating Officer, Mr Chris Woodall, will retire from

the Company with effect from June 30, 2023.

As part of an orderly management transition, Mr David Schummer will join Perseus on February 1, 2023

and, after a period of familiarisation with our West African operations, will assume the role of Chief

Operating Officer reporting to the Chief Executive Officer.

Prior to joining Perseus, Mr Schummer has had an impressive career in the mining industry, firstly with

Newmont Mining Corporation where, amongst other roles, he held the positions of Vice President –

North American Operations based in Nevada, USA and Senior Vice President – African Operations based

in Ghana.

In 2018, he relocated to Riyadh, Saudi Arabia to join Ma’aden as Senior Vice President, Ma’aden Gold

and Base Metals, a role that has relevance to Perseus’s plans to develop the Meyas Sand Gold Project in

Sudan.

Perseus’s Managing Director and CEO Jeff Quartermaine said:

“It is with sadness that we will shortly farewell Chris Woodall who has worked tirelessly for Perseus as

COO for the past seven years. Chris’ expertise, energy and infectious enthusiasm has served as an

inspiration to our operating teams and he has been an important member of the executive team that has

transformed Perseus into the high performing mid-tier gold company that it is today.

“We are also very excited about welcoming Dave Schummer to our ranks. Dave has a very deep

knowledge of mining operations and leadership and he will work very well with our operating teams in

Ghana, Cote d’Ivoire and, before long, Sudan. We are also looking forward to Dave’s contribution to our

senior executive team and playing a key role in shaping the Company’s future.”

This announcement was approved for release by Perseus Mining Limited’s Managing Director and CEO, Jeff

Quartermaine.

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NEWS RELEASE | CHANGE TO PERSEUS’S SENIOR MANAGEMENT TEAM

PERSEUSMINING.COM

PERSEUS MINING LIMITED Level 2, 437 Roberts Road, Subiaco WA 6008, ABN: 27 106 808 986

ASX/TSX CODE: PRU

CAPITAL STRUCTURE:

Ordinary shares: 1,367,463,113

Performance rights: 12,001,072

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

Email: [email protected]

www.perseusmining.com

CONTACTS:

Jeff Quartermaine

Managing Director & CEO

[email protected]

Nathan Ryan

Corporate Relations

+61 4 20 582 887

[email protected]