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Perseus Makes 9.9% Investment IN Aurum Resources

Corporate Updates

23 MARCH 2026

NEWS RELEASE

1

PERSEUS MAKES 9.9% INVESTMENT IN AURUM RESOURCES

Perth, Western Australia/March 2 3, 202 6/Perseus Mining Limited (ASX/TSX: PRU) ( Perseus or the

Company) is pleased to announce that it has acquired a relevant interest in 9.9% of the issued shares of

Aurum Resources Limited ( Aurum) (ASX: UAE) via participation in the Aurum equity raising announced

today (Aurum Share Acquisition).

Aurum is an emerging mineral development company listed on the ASX. Aurum’s key asset is the Boundiali

Gold Project, a pre -development and pre -study gold project located in the North of Côte d’Ivoire, West

Africa. The Boundiali Gold Project has a reported Ore Resource of 100Mt @ 1.0g/t Au for 3.0Moz of gold1.

The Boundiali Gold Project is located to the south and along strike of Perseus’s Sissingué gold mine, which

has been in operation since January 2018 and the processing hub for ore from Fimbiasso and more recently

the Bagoé satellite deposits. The Boundiali’s northern most tenements are adjacent to the Company’s active

mining area at Bagoé.

Perseus’s Managing Director and CEO Craig Jones said:

“The Aurum team have done a n excellent job assembl ing a highly prospective tenement package and

building a significant resource base at a relatively low cost. The location of their discoveries presents

potential future synergies and Perseus is pleased to be able to support Aurum in developing the project.

For a total cost of A$23.69M, the Aurum Share Acquisition provides a compelling opportunity to fast-track

value creation in the region.”

This announcement was approved for release by Craig Jones, Managing Director and CEO

1 See Aurum announcement “Boundiali Project Mineral Resource increases to 3Moz gold with Indicated Resources up 49% to 1.37Moz“ released

to the ASX on 23 February 2026.

ASX/TSX CODE: PRU

CAPITAL STRUCTURE:

Ordinary shares: 1,348,261,178

Performance rights: 8,625,981

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

www.perseusmining.com

DIRECTORS:

Rick Menell

Non-Executive Chairman

Craig Jones

Managing Director & CEO

Amber Banfield

Non-Executive Director

Elissa Cornelius

Non-Executive Director

Dan Lougher

Non-Executive Director

John McGloin

Non-Executive Director

James Rutherford

Non-Executive Director

CONTACTS:

Craig Jones

Managing Director & CEO

[email protected]

Stephen Forman

Investor Relations

+61 484 036 681

[email protected]

Nathan Ryan

Media

+61 420 582 887

[email protected]