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PRU.TO ·

Perseus’S Chairman to Step Down

Management Changes

30 OCTOBER 2023

NEWS RELEASE

1

PERSEUS’S CHAIRMAN TO STEP DOWN

Perth, Western Australia/October 30, 2023/Perseus Mining Limited (ASX/TSX: PRU) announces that Mr Sean

Harvey will step down as Chairman and non-executive director of the Company upon the conclusion of the

upcoming Annual General Meeting scheduled for 21 November 2023. Mr Harvey will continue to support

Perseus in a consulting role until 31 March 2024 at a day rate of CAD2,500.

Mr Harvey is the longest serving director on the Perseus Board having joined as a non-executive director in

2009. He was appointed Chairman with effect from 1 April 2017. His resignation forms part of the

implementation of an agreed succession plan to take Perseus to the next stage of its successful development.

A search process will be commenced to recruit a suitable successor for Mr Harvey. Mr Quartermaine will be

appointed as acting Executive Chair until Mr Harvey’s successor has been appointed.

Mr Harvey has played an important part in the history of Perseus so far, being on the board when all three of

Perseus’s current operating mines were developed and brought into production. The other directors, the

executive team and the Perseus staff as a whole thank him for his invaluable contribution to the success of

Perseus.

This announcement was approved for release by the Board of Perseus Mining Limited.

ASX/TSX CODE: PRU

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

Email: [email protected]

ABN: 27 106 808 986

WWW.PERSEUSMINING.COM

CONTACTS:

Jeff Quartermaine

Managing Director & CEO

[email protected]

Nathan Ryan

Media Relations

[email protected]