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Press release from Marketwire

Perseus Mining Limited: Board Changes

Monday, September 23, 2013

Perseus Mining Limited: Board Changes

01:36 EDT Monday, September 23, 2013

PERTH, WESTERN AUSTRALIA--(Marketwired - Sept. 23, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU)(ASX:PRU) advises that Mr Rhett Brans and Mr Neil Fearis will step down from the Company's Board of Directors upon completion of the Annual General Meeting on 15 November 2013.

Both Mr Brans and Mr Fearis are founding directors of the Company having been appointed in May 2004. Following their appointment, the Company completed its initial public offer of securities and listed on the ASX.

Mr Fearis's corporate and securities law expertise has been invaluable as the Company progressed from a start-up entity to an ASX listing in 2004 and a TSX listing in February 2010, and in the process transitioned from an explorer to a gold producer. Mr Fearis, an independent non-executive director since his 2004 appointment, will retire at the forthcoming AGM and he will not be seeking re-election.

Mr Brans, an engineer with a track record of successful development of mining process plant and infrastructure, was appointed as an executive director in July 2008 in anticipation at that time of developing the Edikan Gold Mine. He was instrumental in putting together the Edikan Gold Mine project development team and overseeing the construction and commissioning of the gold plant. Rhett will resign as a director following the 2013 AGM to enable the Board to maintain a majority of independent directors (after the retirement of independent director, Mr Fearis) but will continue in his executive role in project development and operating activities.

"Both Rhett and Neil have worked tirelessly for Perseus and we are indebted to them for their wise counsel. Neil's contribution has been immense and, on behalf of everyone at Perseus, I wish him well in his future endeavours and the Board looks forward to continuing to work with Rhett in his senior executive role" said the Perseus Chairman, Mr Reg Gillard. Mr Gillard added that the Board had no plans to make any new Board appointments in the near term.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Perseus Mining Limited
Reg Gillard
Chairman
+61 8 6144 1700


Perseus Mining Limited
Jeff Quartermaine
Managing Director / CEO
+61 8 6144 1700
www.perseusmining.com

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