Update on Predictive Acquisition

Core Viewpoint - Perseus Mining Limited's proposal to acquire Predictive Discovery Limited has been terminated following a revised merger agreement between Predictive and Robex Resources Inc. which was deemed superior by Predictive's Board [1][2]. Group 1: Revised Merger Agreement - The revised merger agreement between Predictive and Robex was received on December 11, 2025, and has been determined to match Perseus's definitive binding offer made on December 3, 2025 [1]. - Under the revised merger, Predictive shareholders' ownership in the combined entity has increased from 51.0% to 53.5% [2]. Group 2: Perseus's Position - Perseus acknowledges the marginal improvement in Predictive's ownership but believes the revised merger remains inferior to its original proposal, as indicated by Predictive's trading at a discount to the value implied by Perseus's proposal [2]. - In light of the current circumstances and the likelihood of the success of the Predictive/Robex merger, Perseus does not intend to submit a revised proposal for Predictive but reserves the right to change its position if circumstances evolve [3].