Perseus Mining Limited provided an update on ongoing exploration at its Yaouré Gold Mine in Côte d'Ivoire, where drilling has returned high-grade gold results from CMA NorthWest and CMA North Targets, down dip from the recently announced Underground Ore Reserves, demonstrating potential for further underground resources growth. CMA NORTHWEST TARGET - infill drilling has returned high-grade intercepts including: YRC2142D: 22.00m @ 3.14g/t Au from 281.00m, including 15.00m @ 4.42g/t Au from 283.00m and 3.40m @ 11.28g/t Au from 294.00m. CMA NORTH TARGET - infill and extensional drilling of the CMA structure, down dip from the existing Underground Ore Reserve, has returned multiple very encouraging broad, high-grade intercepts including: YRC2181D: 13.20m @ 9.36g/t Au from 332.00m, including 5.80m @ 18.01g/t Au from 337.00m; YRC2157D: 24.00m @ 3.65g/t Au from 308.00m, including 6.00m @ 10.34g/t Au from 313.00m; YRC2166D: 13.00m @ 5.99g/t Au from 388.00m, including 2.80m @ 23.74g/t Au from 392.20m; YRC2180D: 8.00m @ 5.07g/t Au from 322.00m; YRC2159D: 16.00m @ 3.42g/t Au from 368.00m, including 9.55g/t Au @ 5.17g/t Au from 368.90m; YRC2161D: 18.00m @ 3.68g/t Au from 337.00m; YRC2162D: 22.50m @ 2.14g/t Au from 405.50m, including 13.10m @ 3.14g/t Au from 414.90m; YRC2168D: 20.00m @ 2.17g/t Au from 332.00m.

Drilling to test conceptual targets, including targets generated from a 2020 3D seismic survey, has identified new “hanging wall” lodes associated with seismic reflectors. Results include: YDD0575: 41.00m @ 1.12g/t Au from 437.00m, including 3.00m @ 4.87g/t Au from 514.80m, 1.00m @ 19.47g/t Au from 474.00m and 8.80m @ 3.46g/t Au from 506.00m. Drilling over the next two quarters aims to add confidence to existing Mineral Resources and convert Mineral Resources from Inferred to Indicated classification, as well as test additional targets, potentially leading to new discoveries.