PRU Perseus Mining Ltd

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


Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU)(ASX:PRU) advises
that 5,250,000 performance rights have been issued to eligible staff under the
terms and conditions of the Company's Performance Rights Plan which was approved
by shareholders in November 2012. The Company also intends, subject to
shareholder approval, to issue 725,000 performance rights to its Managing
Director Jeff Quartermaine and 400,000 performance rights to Executive Director
Colin Carson. The issue of performance rights to Messrs Quartermaine and Carson
will be put to shareholders for approval at the Company's next General Meeting.


Vesting criteria for the performance rights include achievement by the Company
of a more than average total shareholder return (TSR) compared to a peer group
(with 100% of rights vesting if the Company's TSR is above the 75th percentile
and 25-50% vesting if the Company's TSR is between the 50th and the 75th
percentile) as well as achievement by the individual of his or her personal key
performance indicators during the vesting period. Half of each individual's
performance rights have a vesting period of 18 months and the other half of
three years from 1 January 2014.


Reginald Gillard, Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: 
Perseus Mining Limited
Jeff Quartermaine
Managing Director
+61 8 6144 1700
jeff.quartermaine@perseusmining.com


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

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