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PERSEUS MINING LIMITED Capital/Financing Update 2016

Jun 19, 2016

46513_rns_2016-06-19_92e2a7c2-dc9b-4186-9384-452cedb82ab7.pdf

Capital/Financing Update

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MARKET RELEASE

20 June 2016

Perseus Mining Limited

TRADING HALT

The securities of Perseus Mining Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday 23 June 2016 or when the announcement is released to the market.

Security Code: PRU

Ben Tippett Adviser, Listings Compliance (Perth)

Level 40, Central Park www.asx.com.au 152-158 St Georges Tce Customer service 13 12 79 Perth WA 6000

ASX Compliance Pty Ltd ABN 26 087 780 489

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Level 2, 437 Roberts Road, Subiaco WA 6008, Australia Phone: +61 8 6144 1700 Fax: +61 8 6144 1799 PO Box 1578, Subiaco WA 6904, Australia Email: [email protected] www.perseusmining.com

Mr Jeremy Newman ASX Limited Central Park 152 – 158 St Georges Tce

Perth, WA 6000 By email: [email protected]

20 June 2016

Dear Jeremy

Perseus Mining Limited (Perseus) – Request for Trading Halt

In accordance with Listing Rule 17.1, Perseus requests that an immediate trading halt be placed on its securities pending an announcement to the market regarding a proposed equity raising transaction that is material to Perseus.

Perseus anticipates that the trading halt will be lifted on or before market open on Thursday, 23 June 2016 by provision of an announcement to ASX regarding the proposed equity raising.

Perseus is not aware of any reason why the trading halt should not be granted, nor of any other information relevant to this request.

Yours sincerely

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Martijn Bosboom Company Secretary

3448-7786-1634v1