• Excellent strategic fit, enhancing Perseus's portfolio quality and African gold platform
• Proven track record to de-risk, optimize and unlock the full potential of 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, which represents premiums of 24.5% to the closing price of Predictive and 34.8% to the 10-day VWAP. Predictive's Board has unanimously determined that the Perseus Binding Offer constitutes a 'Superior Proposal'. Perseus has also offered to provide a binding A$37 million loan facility to Predictive. The rationale for the transaction includes an excellent strategic fit, 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 customary conditions, including shareholder and court approvals. Robex Resources Inc., which has an existing arrangement with Predictive, has a matching right period to provide a competing proposal.