• Jeff Quartermaine to retire as Perseus's Managing Director and CEO after 12 years
• Former Newcrest COO Craig Jones to replace Quartermaine as new MD and CEO
• Under Quartermaine's leadership, Perseus transformed into a leading multi-mine gold producer

Perseus Mining Limited (ASX/TSX:PRU) announces that its long-serving Managing Director and Chief Executive Officer (MD and CEO) Jeff Quartermaine will retire from the role after serving for 12 years. His retirement will take effect from 30 September 2025, after which he has agreed to continue to support the Company through a Consultancy Agreement on market terms. Mr. Quartermaine joined Perseus in 2010 as Chief Financial Officer, before being appointed CEO in 2013. Since assuming this role, he has transformed Perseus from a struggling single-mine, single-country company to a multi-mine, multi-jurisdictional gold producer, developer and explorer that has consistently delivered on its promises and is now one of the leading gold companies operating on the African continent. Perseus now has three operating gold mines, Edikan in Ghana and Yaouré and Sissingué in Côte d'Ivoire, and is building a fourth mine, Nyanzaga, in Tanzania, which is on track to commence gold production in Q1 CY2027. Mr. Quartermaine will be replaced as MD and CEO by Craig Jones, who will commence work with Perseus on 18 August 2025 and will assume the positions of MD and CEO with effect from 1 October 2025. Mr Jones joins Perseus with more than 25 years of global experience, having worked across Australia, Papua New Guinea (PNG), Indonesia and Canada. He was a member of Newcrest's executive team from 2012, having originally joined in 2008, and ultimately serving as Newcrest's global COO, with broad responsibility for five operating assets spread across multiple jurisdictions.