Perseus Mining Ltd.

Perseus Mining is pleased to announce a net profit after tax of $13.68 million or 3.12 cents per share for the six months ended 31 December 2011 (the "period"). The result has particular significance in that it represents Perseus's final period of reporting as a pure exploration/development company. Future financial results by Perseus will include the revenue and operating costs associated with the Edikan Gold Mine.

Perseus Mining Limited advises that its Activity and Cash Flow Reports for the quarter ended December 31, 2012 have been issued under the rules of the Australian Securities Exchange. Highlights of the Activity Report are set out below, and the full text of the reports are available on the Company's website

Perseus Mining is pleased to provide an exploration update from its West African gold projects. Highlights: Infill and deeper drilling at Fetish at the Edikan Gold Mine in Ghana returned significant results, including: EFDD110 - 24m at 9.0g/t from 141m and 18m at 1.2g/t Au from 216m.

Perseus is pleased to announce the completion of commissioning and transition into commercial production at its Edikan Gold Mine (EGM) in Ghana, West Africa. Commissioning during December 2011 resulted in similar throughput and gold production as November 2011. Based on the plant performance during November and December the Company has met the criteria for the declaration of commercial production and the commissioning [...]