Perseus Mining Limited: Edikan Gold Mine Optimisation and Quarterly Report Dates

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PERTH, WESTERN AUSTRALIA -- (Marketwired - Oct. 9, 2013) - Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU) (ASX:PRU) wishes to advise the scheduled dates for the release of important upcoming announcements.

The Company will release a statement detailing the revised Life of Mine Plan ("LOMP") for its Edikan Gold Mine in Ghana on Tuesday, October 15, 2013. This announcement will include discussion on costs as well as technical parameters announced on September 18, 2013.

The LOMP has been devised to minimise investment in FY2014; resume development at the eastern pits from July 2014; include additional pits in the Ore Reserves; give priority to cash generation over marginal gold production; preserve capacity to expand pits at a higher gold price; and use revised technical parameters reflecting actual experience.

Perseus' September 2013 Quarterly Activity Report will be released on Tuesday October 29, 2013 following the Company's on-site Quarterly management review meeting.

A teleconference call to discuss the Quarterly Report will occur on October 29. Details for the exact timing and dial in details for the teleconference will be announced closer to the release of the Quarterly Report.

Jeffrey A Quartermaine, Managing Director and Chief Executive Officer



Contact

Perseus Mining Limited
Jeff Quartermaine, Managing Director
+61 8 6144 1700
jeff.quartermaine@perseusmining.com (Perth)

Perseus Mining Limited
Nathan Ryan, Investor Relations
+61 (0) 420 582 887
nathan.ryan@nwrcommunications.com.au (Melbourne)

Perseus Mining Limited
Rebecca Greco, Investor Relations
+1 416 822 6483
fighouse@yahoo.com (Toronto)
www.perseusmining.com