Silvercorp accepts Perseus's offer for OreCorp

SILVERCORP ACCEPTS THE PERSEUS OFFER FOR ORECORP

Perth, Western Australia/April 10, 204/Perseus Mining Limited (ASX/TSX: PRU) (Perseus or PRU) refers to its off-market takeover bid under Chapter 6 of the Australian Corporations Act for all the current and to be issued ordinary shares in OreCorp Limited (ASX: ORR) (OreCorp or ORR) (Offer).1

Perseus is pleased to announce that Silvercorp Metals Inc (Silvercorp) has accepted the Perseus Offer. Silvercorp’s acceptance was for a total of 73,889,007 OreCorp Shares (representing 15.61% of OreCorp Shares on issue). As at April 9, 2024, Perseus has a relevant interest in 354,982,123 OreCorp Shares (representing 74.98% of OreCorp Shares on issue).

The Perseus Offer is open until April 19, 2024 (unless extended).

Perseus wants to reiterate that the Offer is:

unconditional; and
best and final in the absence of a competing proposal.

OreCorp Shareholders should ACCEPT the Offer now in respect of Your OreCorp Shares.

This market announcement was authorised for release by Jeff Quartermaine, Chairman of the Board of Perseus Mining Limited.

PERSEUS MINING LIMITEDASX/TSX CODE: PRUREGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 1700Email: IR@perseusmining.comwww.perseusmining.com

CONTACTS:Jeff QuartermaineExecutive Chairman & CEOjeff.quartermaine@perseusmining.comNathan RyanCorporate Relations+61 420 582 887nathan.ryan@nwrcommunications.com.au

1 Capitalised but undefined terms used in this document have the same meaning given to those terms in Perseus’s Replacement Bidder’s Statement dated 16 February 2024, as supplemented by its Supplementary Bidder’s Statements dated 8 March 2024, 18 March 2024, 25 March 2024 and 5 April 2024 (Bidder’s Statement).

Perseus Mining (TSX:PRU)
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