Mr. Jeff Quartermaine reports

CHANGE TO PERSEUS'S SENIOR MANAGEMENT TEAM

Amanda Weir has resigned as chief operating officer of Perseus Mining Ltd. to pursue other opportunities. Ms Weir will formally leave the company with effect from July 2, 2025.

Brett Hartmann, Perseus's current general manager of operations, will assume responsibilities for the operations, while the company considers its longer-term leadership options.

Mr. Hartmann, who has been with Perseus since April, 2024, is a key member of the senior leadership team, participating in all operating decisions related to the company's assets. His deep knowledge and understanding of the company's assets is critical for Perseus to maintain safe steady-state operations while continuing to deliver in line with its market production and cost guidance.

Perseus's managing director and chief executive officer, Jeff Quartermaine, said:

"On behalf of the Perseus board and our team, I would like to thank Amanda for her contributions to the company. Amanda brought a wealth of technical and operational expertise, and has guided our operations through recent challenges to establish a platform for the next phase of growth. We wish her all the best in her future endeavours."