Successful Exploration at Perseus's Ivorian Gold Mines

Perth, Feb. 22, 2024 (GLOBE NEWSWIRE) -- SUCCESSFUL EXPLORATION AT PERSEUS’S IVORIAN GOLD MINES

Perth, Western Australia/February 22, 2024/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on ongoing exploration activities conducted at and around its two operating gold mines in Côte d’Ivoire.

At the Yaouré Gold Mine, exploration drilling continues to demonstrate the down dip potential of the CMA underground Mineral Resource; and adds further confidence in opportunities to expand the Yaouré open pit Mineral Resource. While targeting the continuation of the CMA structure at depth, drilling has located previously unidentified shallow mineralisation located immediately east of the CMA pit. This mineralisation has been termed the Zain 1 Prospect.

At the Sissingué Gold Mine and Fimbiasso Satellite Pits, ongoing exploration continues to identify extensions to existing mineral deposits and other prospects that have significant potential to extend the life of the Sissingué operation.

Highlights are included below and readers are referred to the full release with detailed results available on www.perseusmining.com, www.asx.com.au and www.sedarplus.ca.

HIGHLIGHTS

YAOURÉ - CMA UNDERGROUND NORTH EXTENSION - The objective of this program is to infill the existing drilling to a nominal drill pattern of 25 m × 25 m to target an upgrade of the Mineral Resource to higher confidence categories. A secondary objective is to complete step out drilling to the north to test for extensions to the CMA mineralisation. While the program is ongoing, results to date include:

• YDD0594: 12m @ 4.58 g/t gold from 325m and 3m @ 6.27 g/t gold from 349m
• YDD0608: 14.25m @ 3.95 g/t gold from 566.75m
• YRC2359D: 10.4m @ 4.35 g/t gold from 362.6m
• YRC2360D: 13.6m @ 4.67 g/t gold from 431.4m
• YRC2361D: 17m @ 3.21 g/t gold from 446m
• YRC2362D: 12.1m @ 24.50 g/t gold from 480.9m, including 1m @ 255.1 g/t gold from 487m

YAOURÉ OPEN PIT - The program is designed to improve confidence in the Mineral Resource and to test for extensions along strike and down dip. The program is ongoing with assays to date including: