Perseus Mining Limited (ASX: PRU), in relation to its off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) (Corporations Act) for all of the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp) (Offer).

Capitalised but undefined terms in this letter have the same meaning given as set out in Perseus's replacement bidder's statement dated 16 February 2024, as supplemented by its second supplementary bidder's statement dated 8 March 2024 and third supplementary bidder's statement dated 18 March 2024 (Bidder's Statement). We enclose, by way of service pursuant to section 647(3)(b) of the Corporations Act a copy of Perseus's fourth supplementary bidder's statement in relation to the Offer, which supplements the Bidder's Statement.

We confirm that the fourth supplementary bidder's statement contains a formal notice of variation to the Offer in accordance with section 650D of the Corporations Act to increase the Offer Consideration. This will be lodged with ASIC and despatched to OreCorp Shareholders in accordance with section 650D(1) of the Corporations Act. The fourth supplementary bidder's statement has been lodged today with the Australian Securities and Investments Commission and served on OreCorp in accordance with section 647(3)(a) and 647(1) of the Corporations Act.

Contact:

Andrew Lumsden

Tel: +61 8 6144 1700

Email: IR@perseusmining.com

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