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Perseus Mining Limited-Amara Business Combination Court Approval of Scheme

T.PRU, PRU

PERTH, WESTERN AUSTRALIA--(Marketwired - April 17, 2016) -

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

Perseus Mining Limited (ASX:PRU)(TSX:PRU) is pleased to announce that on Friday, April 15, 2016, the High Court of Justice in England and Wales sanctioned the scheme of arrangement between Amara Mining plc (AIM:AMA) ("Amara") and its shareholders ("Scheme"), in relation to the business combination of Perseus and Amara. Please refer to the announcement released by Amara on April 15, 2016, available at: http://www.amaramining.com/news/regulatory-announcements/.

Please see Perseus's announcement of April 11, 2016 for further details of the indicative timetable for the remaining steps to implement the Scheme.

Managing Director:
Jeff Quartermaine
+61 8 6144 1700
jeff.quartermaine@perseusmining.com
(Perth)

Investor Relations:
Nathan Ryan
+61 4 20 582 887
nathan.ryan@nwrcommunications.com.au
(Melbourne)

Investor Relations:
Katharine Sutton
+44 207 398 1420
ir@amaramining.com
(London)



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