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To: LoneClone who wrote (84596)	8/23/2011 7:29:38 PM
From: LoneClone	Read Replies (1) \| Respond to of 193686

Perseus Mining Limited - First Gold Pour, Central Ashanti Gold Project, Ghana finance.yahoo.com Press Release Source: Perseus Mining Limited On Monday August 22, 2011, 10:57 pm EDT NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES PERTH, Western Australia, Aug. 23, 2011 /CNW/ - Perseus Mining Limited (ASX/TSX: PRU) has completed its first gold pour during commissioning at the Central Ashanti Gold Project ("CAGP") in Ghana. The small pour of 2,666 grams represents gold recovered from the gravity circuit. The CIL tanks are now full of concentrate and the first strip of gold bearing carbon from the CIL circuit is currently in progress as a precursor to a more significant gold pour in the next few days. Limited initial sampling during commissioning of the process facility indicates excellent gravity gold recovery, high gold leaching recovery from gravity concentrates and high concentrate gold grades produced from the flotation circuit, with grades averaging in excess of 30g/t Au. Photographs of the initial gold pour at CAGP are available on the Company's website at www.perseusmining.com. Mark Calderwood, Managing Director's Comments "Another milestone has been achieved as the Company progresses though early commissioning." "We are pleased with the high gravity recoveries and high float concentrate gold grades recorded given that we fed low grade ore averaging <0.6g/t Au into the mill in this initial test period." About Perseus Mining Limited Perseus Mining Limited (ASX/TSX: PRU) has forged a reputation as one of West Africa's most successful gold explorers. Focused on under-explored gold belts in West Africa, Perseus has now joined gold producer ranks at its Central Ashanti Gold Project (CAGP) in Ghana. The Company plans to produce at the initial rate of about 220,000 ounces of gold in the first twelve months of commercial production and to increase this to about 280,000 ounces per annum in the following year. Perseus is now also planning the development of its Tengrela Gold Project in Côte d'Ivoire, with production targeted for 2013. Tengrela has the potential to become a significant contributor to the Company's goal to develop into a 400,000 ounce per year gold producer by 2013. Perseus will continue its strategy of rapidly increasing its resource and reserve base during the development of the CAGP and Tengrela. Caution Regarding Forward Looking Information: This report contains forward-looking information which is based on assumptions and judgments of management regarding future events and results. Such forward-looking information, includes but is not limited to information with respect to future exploration and drilling, procurement of financing, procurement of necessary regulatory approvals, the development of a mine at the Central Ashanti Gold Project, and development of a mine at Tengrela . 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.