PERSEUS MINING LIMITED — Capital/Financing Update 2019

Apr 29, 2019

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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: info@perseusmining.com www.perseusmining.com

30 April 2019

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001

This notice is given by Perseus Mining Limited (ACN 106 808 986) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) as modified by the Australian Securities and Investments Commission ( ASIC ).

As previously announced to the ASX on 24 April 2019, the Company confirms that it has today issued 71,706,803 fully paid ordinary shares in the Company, being the underwritten shortfall of unexercised warrants that expired on 19 April 2019, at A$0.44 per share to institutional investors ( Placement Shares ).

Notice given under section 708A(5)(e) of the Corporations Act as modified by ASIC

As a disclosing entity, the Company is subject to regular reporting and disclosure obligations. As the Placement Shares were issued without disclosure under Part 6D.2 of the Corporations Act, as at the date of this notice, the Company confirms it has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company also confirms that, as at the date of this notice, there is no ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (as modified by ASIC) that is required to be set out in this notice.

For and on behalf of the Board

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T. Sean Harvey

Non-Executive Chairman

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