PERTH, WESTERN AUSTRALIA–(Marketwired – March 16, 2016) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Perseus Mining Limited (ASX:PRU)(TSX:PRU)) wishes to draw to the attention of its shareholders certain disclosure requirements applicable to the offer by Perseus Mining Limited for Amara Mining plc which was announced on February 29, 2016. Perseus Mining Limited’s ordinary shares are admitted to trading on the Australian Securities Exchange and the Toronto Stock Exchange and, through brokers’ listings, on various German stock exchanges including the Frankfurt Stock Exchange.

The above requirements are set out in Rule 8 of the UK City Code on Takeovers and Mergers which is published and administered by the UK Takeover Panel. In particular Rule 8.3 requires that any person who is interested (directly and indirectly) in 1% or more of any class of relevant security of any party to the offer period must make (a) an Opening Position Disclosure and (b) a Dealing Disclosure if they deal in any relevant security of any party to the offer during an offer period. The Perseus Mining Limited ordinary shares are relevant securities for the purposes of this offer period.

Further information about the Takeover Panel’s disclosure regime is available at: http://www.thetakeoverpanel.org.uk/disclosure . If you have any questions, the Takeover Panel’s Market Surveillance Unit can be contacted on +44 (0)20 7638 0129.