Nyanzaga Gold Project Technical Report

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Perth, June 10, 2025 (GLOBE NEWSWIRE) -- PERSEUS RELEASES TECHNICAL REPORT FOR THE NYANZAGA GOLD PROJECT

Perth, Western Australia/June 10, 2025/ Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce the release of the Technical Report for its Nyanzaga Gold Project (NGP) in Tanzania.

The Technical Report, with an effective date of April 28, 2025, 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 Feasibility Study to demonstrate the technical and economic viability of the NGP and supports a decision to advance to development.

Please refer to News Release dated April 28, 2025 "Perseus Mining proceeds with development of the Nyanzaga Gold Project” for a summary of the material information contained in the Nyanzaga Technical Report.

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This announcement was approved for release by the Managing Director & CEO, Jeff Quartermaine.

ASX/TSX CODE: PRU

CAPITAL STRUCTURE:

Ordinary shares: 1,362,221,512

Performance rights: 10,056,681

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

www.perseusmining.com

DIRECTORS:

Rick Menell

Non-Executive Chairman

Jeff Quartermaine

Managing Director & CEO

Amber Banfield

Non-Executive Director

Elissa Cornelius

Non-Executive Director

Dan Lougher

Non-Executive Director

John McGloin

Non-Executive Director

CONTACTS:

Jeff Quartermaine

Managing Director & CEO

[email protected]

Stephen Forman

Investor Relations

+61 484 036 681

[email protected]

Nathan Ryan

Media Relations

+61 420 582 887

[email protected]

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