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PERSEUS MINING LIMITED Capital/Financing Update 2008

Feb 27, 2008

46513_rns_2008-02-27_67dc7070-9bdc-47f8-9b92-a9f87ab92b2e.pdf

Capital/Financing Update

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MARKET RELEASE

28 February 2008

PERSEUS MINING LIMITED

TRADING HALT

The securities of Perseus Mining Limited (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Monday 3 March 2008, or when the announcement is released to the market.

Security Code:

PRU PRUO

Jenny Cutri Assistant Manager, Issuers

28 February 2008

Ms J Cutri ASX Ltd 2 The Esplanade Perth, WA 6000

By facsimile: 9221 2020

Dear Ms Cutri

TRADING HALT

Perseus Mining Limited seeks a trading halt to the quotation of its securities for the period up to the commencement of trading on Monday 3 March 2008, or the earlier release of an announcement to ASX regarding finalisation of plans for raising new capital.

The Company expects to be in a position to make an announcement before commencement of trading on Monday 3 March 2008 and is not aware of any reason why a trading halt should not be granted.

Yours sincerely

Susmit Shah Company Secretary