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Perseus Mining Limited press release

Nyanzaga Gold Project Technical Report

TSX - Toronto Stock Exchange · Gold · Australia

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 |

[](https://www.globenewswire.com/NewsRoom/AttachmentNg/d81fe1a4-caa3-4d08-82e7-e98148f615d9)

Earlier from Perseus Mining Limited