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

PERTH, Western Australia, March 01, 2018 (GLOBE NEWSWIRE) -- Perseus Mining Limited (ASX:PRU) (TSX:PRU) refers to the scheme of arrangement between Perseus Mining Limited (“Perseus”) and Amara Mining plc and its shareholders that became effective on April 18, 2016.

Extension of Depositary Interest Facility
Perseus arranged a Depositary Interest facility for UK settlement until April 18, 2017, which was 12 months from the Scheme Effective Date, pending an examination by Perseus of the merits of obtaining a Standard Listing of its ordinary shares on the Official List of the UK Listing Authority (a “London listing”) to complement its existing share listings on the Australian Stock Exchange and the Toronto Stock Exchange. The Depositary Interest facility was extended for another year in April 2017. Perseus is still examining the merits of a London Listing. In view of that, Perseus has decided to extend the settlement arrangement for investors to hold Depositary Interests (“DIs”) for a period of 12 months until April 18, 2019.

If Perseus decides not to seek a London listing before April 18, 2019 it may cancel the DIs.  If this cancellation takes place, shareholders will receive Perseus shares to replace their DIs. 

If a holder has an existing relationship or account with a broker, they may wish to contact that broker to establish whether they have a facility to allow the holder to hold and trade the Perseus shares and warrants and to discuss what procedures would need to be followed to put such a facility in place.

To discuss any aspect of this announcement, please contact:

Company Secretary:   Martijn Bosboom at telephone + 61 8 61441700 or email martijn.bosboom@perseusmining.com;
Media Relations:      Nathan Ryan at telephone +61 4 20 582 887 or email nathan.ryan@nwrcommunications.com.au.