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 at approximately 2.00pm GMT on Wednesday 9 April 2014, there was a fire in
the processing plant at the Company's Edikan Gold Mine in Ghana while the plant
was shut down for scheduled maintenance. 


The Company's Emergency Response Team was activated and the fire was brought
under control within an hour. The fire caused no injuries and there was no
adverse impact on the environment.


Perseus's Managing Director Jeff Quartermaine said an investigation into the
cause of the fire and damage incurred was underway.


"We're hopeful that all necessary repairs can be completed and approvals
obtained to enable ore processing operations to resume within seven days," Mr
Quartermaine said.


"It's likely that damage has been contained to an area of the plant around the
cyclones and may involve damage to a cyclone, several rubber lined pipes,
associated electrical cabling and air lines.


"We will update the market following our investigation."

Jeff Quartermaine

Managing Director and Chief Executive Officer

The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements. This news release does not constitute
an offer for sale of, nor a solicitation for offers to buy, any securities in
the United States. Any public offering of securities in the United States must
be made by means of a prospectus containing detailed information about the
issuer and its management, as well as financial statements.


Caution Regarding Forward Looking Information: This report contains
forward-looking information which is based on the assumptions, estimates,
analysis and opinions of management made in light of its experience and its
perception of trends, current conditions and expected developments, as well as
other factors that management of the Company believes to be relevant and
reasonable in the circumstances at the date that such statements are made, but
which may prove to be incorrect. Assumptions have been made by the Company
regarding, among other things: the price of gold, continuing commercial
production at the Edikan Gold Mine without any major disruption, development of
a mine at Tengrela, the receipt of required governmental approvals, the accuracy
of capital and operating cost estimates, the ability of the Company to operate
in a safe, efficient and effective manner and the ability of the Company to
obtain financing as and when required and on reasonable terms. Readers are
cautioned that the foregoing list is not exhaustive of all factors and
assumptions which may have been used by the Company. Although management
believes that the assumptions made by the Company and the expectations
represented by such information are reasonable, there can be no assurance that
the forward-looking information will prove to be accurate. 


Forward-looking information involves known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any anticipated future results,
performance or achievements expressed or implied by such forward-looking
information. Such factors include, among others, the actual market price of
gold, the actual results of current exploration, the actual results of future
exploration, changes in project parameters as plans continue to be evaluated, as
well as those factors disclosed in the Company's publicly filed documents. The
Company believes that the assumptions and expectations reflected in the
forward-looking information are reasonable. Assumptions have been made
regarding, among other things, the Company's ability to carry on its exploration
and development activities, the timely receipt of required approvals, the price
of gold, the ability of the Company to operate in a safe, efficient and
effective manner and the ability of the Company to obtain financing as and when
required and on reasonable terms. Readers should not place undue reliance on
forward-looking information. Perseus does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE 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 (Sydney)

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