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PERSEUS MINING LIMITED Capital/Financing Update 2009

Oct 22, 2009

46513_rns_2009-10-22_d730adbd-a84a-4975-a2db-b297a0732670.pdf

Capital/Financing Update

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MARKET RELEASE

23 October 2009

Perseus Mining Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Perseus Mining Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the releae of an announcement.

Security Code: PRU

of Heiner

Jill Hewitt Adviser Issuers (Perth)

23 October 2009

Mr N Bartrop ASX Ltd 2 The Esplanade Perth, WA 6000

By facsimile: 9221 2020

Dear Mr Bartrop

VOLUNTARY SUSPENSION

Perseus Mining Limited seeks a suspension to the quotation of its securities. Negotiations for a capital raising are being finalised across different time zones and additional time is required for that reason before the Company can make an appropriate announcement.

It is expected that the suspension will end upon the release of an announcement providing details of those capital raising plans.

The Company is not aware of any reason why its securities should not be suspended.

Yours sincerely

$\overline{1}$

Susmit Shah Company Secretary