Mr. Craig Jones reports

PERSEUS MAKES 9.9% INVESTMENT IN AURUM RESOURCES

Perseus Mining Ltd. has acquired a relevant interest in 9.9 per cent of the issued shares of Aurum Resources Ltd. through participation in the Aurum equity raising announced today.

Aurum is an emerging mineral development company listed on the Australian Securities Exchange. Aurum's key asset is the Boundiali gold project, a predevelopment and prestudy gold project located in the north of Ivory Coast, West Africa. The Boundiali gold project has a reported ore resource of 100 million tonnes of 1.0 gram per tonne gold for 3.0 million ounces of gold.

The Boundiali gold project is located to the south and along strike of Perseus's Sissingue gold mine, which has been in operation since January, 2018, and the processing hub for ore from Fimbiasso and more recently the Bagoe satellite deposits. The Boundiali's northernmost tenements are adjacent to the company's active mining area at Bagoe.

Perseus's managing director and chief executive officer, Craig Jones, said: "The Aurum team have done an excellent job assembling a highly prospective tenement package and building a significant resource base at a relatively low cost. The location of their discoveries presents potential future synergies, and Perseus is pleased to be able to support Aurum in developing the project.

" For a total cost of $23.69-million (Australian), the Aurum share acquisition provides a compelling opportunity to fast-track value creation in the region."