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PERSEUS MINING LIMITED Major Shareholding Notification 2023

Nov 26, 2023

46513_rns_2023-11-26_2e80909a-aa44-4d7f-b3c1-3c9e90b2cc42.pdf

Major Shareholding Notification

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27 NOVEMBER 2023 NEWS RELEASE

PERSEUS INCREASES INTEREST IN ORECORP TO 19.9%

Perseus Mining Limited (ASX/TSX:PRU) ( Perseus or the Company ) is pleased to announce that it has increased its relevant interest in OreCorp Limited’s ( OreCorp ) shares from 15.03% as previously announced to 19.9%.

Perseus is not currently in active discussions with OreCorp and does not intend to submit a change of control transaction in competition to the current scheme that Silvercorp Metals Inc (TSX/NYSE: SVM) has offered to OreCorp shareholders (initially announced to ASX on 7 August 2023 and subsequently revised on 23 November 2023) ( Silvercorp Scheme ).

Perseus intends to vote against the Silvercorp Scheme at the OreCorp scheme meeting, which is scheduled for Friday, 8 December 2023.

This announcement has been authorised for release by Perseus’s Executive chairman, Jeff Quartermaine.

ASX/TSX CODE: PRU

REGISTERED OFFICE:

Level 2 437 Roberts Road Subiaco WA 6008

Telephone: +61 8 6144 1700 Email: [email protected] ABN: 27 106 808 986

CONTACTS:

Jeff Quartermaine Executive Chairman [email protected]

Nathan Ryan Media Relations [email protected]

WWW.PERSEUSMINING.COM

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