Perseus Mining Limited provided details of exploration success at its Edikan Gold Mine in Ghana during the December 2021 quarter. HIGHLIGHTS: Perseus has recorded further impressive drilling results at Nkosuo prospect on the Agyakusu Prospecting Licence, just seven kilometres from its Edikan Gold Mine in Ghana; Results continue to demonstrate strong potential for shallow, granite-hosted open-pitable gold resources, including: NKS0034RC: 37m @ 1.49g/t Au from 3m; NKS0050RD: 60m @ 1.28g/t from 6m; NKS0037DD: 43m @ 1.79 g/t from 0m; NKS0050RD: 24m @ 2.04g/t Au from 6m; NKS0059RD: 37m @ 1.74 g/t Au from 8m; NKS0060RC: 51m @ 2.09 g/t Au from 20m; NKS0081RC: 46m @ 2.31g/t Au from 18m; NKS0086RD: 13m @ 4.18g/t Au from 1m & 54m @ 1.63g/t Au from 54m; NKS0091RD: 34m @ 1.3g/t Au from surface & 14m @ 2.17 g/t from 58m; NKS0092RD: 38m @ 1.83g/t Au from 38m & 24m @ 1.65g/t Au from 90m; NKS0102RD: 26m @ 1.55g/t Au from surface; NKS0117RC: 22m @ 3.92 g/t from 8m; NKS0120RC: 16m @ 4.17 g/t Au from 24m. Results confirm Nkosuo hosts near-surface, granite-hosted gold mineralisation similar in style to that mined in Edikan's Fobinso and Abnabna (AG) pits.

Resource definition drilling is ongoing. Perseus expects to complete a maiden Mineral Resource estimate for Nkosuo early in the June 2022 quarter. Nkosuo discovery has the potential to extend Edikan's mine life beyond forecast end in fiscal year 2026-2027.