PERSEUS MINING COVID-19 UPDATE

PERTH, Western Australia, April 07, 2020 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) ”) wishes to advise that it has agreed to donate a total of USD 387,500, including both cash and goods, to assist its host governments and host communities in Ghana and Côte d’Ivoire in their efforts to fight the spread of COVID - 19 in West Africa.  

As of April 6, 2020, there continues to be no cases of COVID-19 infection reported by any of Perseus’s employees or contractors operating at its Edikan and Sissingué gold mines, or at the Yaouré gold mine construction site. This also extends to the residents of host communities located adjacent to those operations – as far as we know. Perseus is hopeful that the assistance that it is providing, particularly that which will be delivered to local health service providers, will help in maintaining the status quo.

Supply chains for each of Perseus’s operating sites remain open in both Ghana and Côte d’Ivoire although movement of both local and foreign employees is currently impacted by government-imposed travel restrictions. The company has implemented a series of protocols at each of its operating sites aimed at eliminating the possibility of infection of members of its workforce needed to ensure business continuity. A healthy local community, while an important consideration in its own right, will materially assist this situation.

CEO and Managing Director, Jeff Quartermaine Comments:

“Prior to the onset of the COVID-19 contagion, a great deal of commentary was made by market commentators on the importance to investors of the ESG (environmental, social and governance) behaviours of mining companies.  The provision of the financial and practical assistance by Perseus to our host governments and communities that has been announced today is totally consistent with Perseus’s long held strategy of practicing sustainable mining – not just talking about it. The health and well-being of our employees is of the utmost importance to us and this starts by seeking to ensure that they all enjoy safe and healthy living conditions. We will be working closely with Ghanaian and Ivorian officials to ensure that our donations are directed to assist our host communities do all in their power to prevent the spread of the corona virus.”