PERSEUS MINING LIMITED — Capital/Financing Update 2004

Sep 20, 2004

MARKET RELEASE

20 September 2004

PERSEUS MINING LIMITED

PRE-QUOTATION DISCLOSURE

Perseus Mining Limited was admitted to the Official List of Australian Stock Exchange Limited on Monday, 20 September 2004.

Official Quotation of the following securities will commence at 1.00 pm E.S.T. (11.00 am W.S.T.)on Wednesday, 22 September 2004.

The following information is released as pre-quotation disclosure.

• 1. Constitution
• $2.$ Appendix 1A
• $3₁$ Distribution schedule - Appendix 1A, paragraph 48.
• 1. Top 20 holders.
• 1. Number and escrow period of restricted securities.
• 1. Updated proforma statement of financial position and update on IFRS.
• Updated statement of commitments. 7.

Security Code:

PRU PRUO

Christine Panetta Senior Companies Adviser