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Perseus Mining Limited Resource Upgrade For Edikan Gold Mine, Ghana

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Perseus Mining Limited (PRU.TO) released an updated resource estimate for the Edikan Gold Mine in Ghana, West Africa. Highlights include: 954,000oz increase in Measured and Indicated mineral resources at EGM; M&I mineral resources at EGM now 143.9Mt, containing 5.3Moz of gold; Perseus's total M&I mineral resources increased to 184.5Mt containing 6.7Moz of gold; Perseus's total Inferred mineral resources increased 76,000oz to 76.9Mt containing 2.3Moz of gold; maiden Resource estimate has been declared for the Bokitsi deposit; drilling is continuing on deposits the subject of the upgrade, assays results for 50 holes pending; revised reserve estimate based on the new resource models expected to be completed in March 2012. Perseus's current Reserve base stands at 3.9Moz of gold; Esuajah North resource upgrade will be completed in March 2012 following completion of a large drilling program; further resource upgrades at EGM planned for 2012; upcoming resource upgrade at Company's Cote d'Ivoire projects planned for June Quarter 2012.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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