PERSEUS MINING LIMITED — AGM Information 2007

Nov 28, 2007

www.perseusmining.com ASX: PRU

2007 AGM

Sep 06 - Sep 07

Expenditure Exploration A\$12.69M(92%), Admin A\$1.06M (8%)

Drilling 100,816m

Resources 2.0Moz to 4.0Moz (+100%) A\$6.3/oz discovery cost.

Discoveries Sissingue eastern zone - target +1Moz AF-GAP - 0.4Moz, target 0.6Moz Shambesai - target +1Moz

Sep 07 - Sep 08

Perseus Vision for Sep 07 - Sep 08

Drilling 160,000m (50% increase)

Resources targets: Ghana 4.8Moz (+40%), incl. 2.3M Meas. Ind. Ivory coast 1.0Moz

Reserve target 2.0Moz in Ghana with completion of Ayanfuri and Grumesa detailed feasibilities

Production time tables

Objectives to April 2008

Increase total resource base to 4.0Moz (excluding Kyrgyz Republic)

Substantial progress on Ayanfuri DFS

Commence heap leach plant refurbishment process

Corporate Activities

Proposed Kyrgyz Assets Spin-off

By the end of December 2007:

• •Decision on if and how to spin out
• • Structure of possible spin out including Perseus Shareholder entitlements, size of float, brokers etc

Proposed TSX listing

• •Completion of NI 43-101 reports – January 2008
• • Consider fund raising in conjunction with TSX Listing – Prospectus lodgement – February 2008?

Personnel

Progress in 2007 restrained by lack of key personnel

Perseus team has been built up with recent recruitment drive Should insure growth into 2008

Staff Additions in 2007

Corporate Management 1 (starts in Feb 2008) Senior Exploration Staff 2 (1 starts in Dec 07) Senior Local Exploration Staff 2 Senior Administration StaffConstruction and Operational 3 (1 starts in Jan 2008) Public Relations 2 (part time) Project Management 2 (part time - consultants)

• 2 (start in Jan 2008)

West Africa West Africa Ghana

• • 6 licences 2 mining leases 650sq km
• • Central Ashanti belt near 60Moz Obuasi mine
• • 2007 resources 3.4Moz
• –832,000oz Indicated
• –2,592,000oz Inferred
• • 2008 target resources 4.8Moz
• –2,300,000oz Meas. & Ind.
• –2,500,000oz Inferred

West Africa - Ghana Ayanfuri

Detailed Feasibility Awarded to -

Mintrex(Holtfreters, Tom Kendall)

Targeting May 2007 Pre-Feasibility

Perseus aim to follow Equigold model of significant in country manufacturing and construction management

Building a strong owners team with 3 people starting in Jan 2008

West Africa - Ghana Ayanfuri

Abnabna - Fobinso Trend8km long - under explored 2km strike drilled to avg. ~100m vertical 0.9Moz to date

West Africa - Ghana Ayanfuri

• • Ayanfuri and adjoining licences under explored
• • More than 20 targets waiting drilling
• • 2Moz discovered in last 12months
• • Recently doubled drilling capacity, 4 rigs now on site

West Africa - Ghana Grumesa (90%)

• • 195,000oz Indicated 619,000oz Inferred resources
• • Low grade mineralisation, but suitable for low cost heap leach extraction
• • Deposit 4km long by 500m wide and only drilled to average depth of 40m
• • Rig currently on site doing infill resource drilling
• • Likely satellite production managed from Ayanfuri

Sissingue: 1st of 9 anomalies to be drilled:

• • RAB drilling in 2006 discovered strong mineralisation over 4km tested to date of 7km anomaly
• • Early RC drilling highlights the potential of 800m by 250m Eastern Zone, including:

8m at 113.8g/t; 4m at 175g/t; 24m at 4.3g/t; 64m* at 3.1g/t; and 16m at 4.9g/t Au

• Metallurgy excellent, first 5 samples – 66% gravity recovery (P80 106um grind) 96.3% total recovery 0.45kg/t NaCN 0.35kg/t lime

• • Sissingue East similar size footprint to 6.4Moz Syama mine along strike to the north
• •Drilling to 200m commencing December 2007
• • Targeting Resource from Sissingue east zone by April 2008, potential for 0.5Moz to 1Moz ounces to 150m depth
• •Overall Sissingue has potential for +3Moz
• •RAB drilling currently working at Papara anomaly
• • Significant uplift in exploration expected from Jan 2008

Central AsiaKyrgyz Republic

Main Perseus prospects in the Kyrgyz Republic –

• •Tolubay 0.6Moz resource at Obdilla numerous drill targets "Carlin Style"
• •Isfairamsai high grade gold in trenching incl. 31m at 30g/t, 57.7m at 7.3g/t Au "Carlin Style"
• •Savoyardy Kentor spending US\$6M to earn 70% recent drill results include 14m at 15.1g/t and 4.3m at 27.7g/t.

Large number of other targets on 4,000 sq km 100% owned tenement holding

• • All persons should seek appropriate professional investment advice in reviewing or considering this presentation and all other information with respect to Perseus Mining Limited's business, financial performance and operations. Neither the provision of this presentation nor the information contained herein, or any associated communication to any persons, should be taken as constituting financial advice regarding the purchase of dealing of shares in Perseus Mining Limited. This presentation does not purport to provide all information that might reasonably be required to complete a detailed assessment of Perseus Mining Limited. Individuals should conduct their own investigation of investment and financial parameters relevant to their personal requirements for investment purposes.
• • The presentation may contain forward-looking statements regarding the intentions of the Company, and these will be affected by movements in share markets, commodity prices and many other factors beyond the control of Company personnel. The presentation must be considered in the light of these uncertainties and investment in Perseus Mining Limited should be considered as speculative in nature.
• • The presentation is not a prospectus or similar disclosure document and does not constitute an offer or invitation to apply for shares.

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