Nyanzaga Gold Project Technical Report

/EIN News/ -- 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.

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 jeff.quartermaine@perseusmining.com Stephen Forman Investor Relations +61 484 036 681 stephen.forman@perseusmining.com Nathan Ryan Media Relations +61 420 582 887 nathan.ryan@nwrcommunications.com.au