Mr. Jeff Quartermaine reports

PERSEUS CHAIRMAN TO STEP DOWN

Sean Harvey will step down as chairman and non-executive director of Perseus Mining Ltd. upon the conclusion of the coming annual general meeting scheduled for Nov. 21, 2023. Mr. Harvey will continue to support Perseus in a consulting role until March 31, 2024, at a day rate of $2,500.

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 April 1, 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. Jeff 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.