• Enhances Perseus's portfolio quality and African gold platform
• Proven track record to de-risk, optimize and unlock Predictive's Bankan Gold Project
• Financially compelling transaction expected to materially enhance earnings, cash flow and production

Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce that it has delivered a definitive binding offer to acquire all of the issued shares in Predictive Discovery Limited (ASX: PDI) that it does not already own via an Australian scheme of arrangement. Perseus currently holds 17.8% of the Predictive ordinary shares outstanding. The consideration under the Perseus Binding Offer is 0.1360 new Perseus ordinary shares for every 1 Predictive Share held. The Perseus Binding Offer implies consideration of A$0.778 per Predictive Share, representing premiums of 24.5% to the closing price of Predictive on the ASX on 2 December 2025 and 34.8% to the 10-day volume weighted average price of Predictive on the ASX up to 2 December 2025. Perseus's rationale for the proposed transaction includes an excellent strategic fit as Predictive's largest shareholder, Perseus's proven track record of delivery, enhanced growth profile, significant scale and diversification, strong financial position, and exploration potential. The transaction is subject to certain conditions, including approval by Predictive shareholders. Perseus has also offered to provide a binding A$37 million loan facility to Predictive to assist with the payment of any termination fee and other purposes. The announcement was approved for release by the Managing Director and CEO of Perseus, Mr Craig Jones.

Bankan and Nyanzaga to be funded via existing liquidity and cashflows with no change to capital management policy. Bankan is expected to produce ~249koz per annum over the life of mine.