PERSEUS MINING LIMITED — Director's Dealing 2005

Sep 29, 2005

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	PERSEUS MINING LIMITED
ACN	106 808 986

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	NEIL CHRISTIAN FEARIS
Date of last notice	29 AUGUST 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	29 September 2005
No. of securities held prior to change	Held in the name of
100,000 Fully paid ordinary shares	Held in the name of Pendomer Investments Pty Ltd (Law Settlements Fund account), a company in which Mr Fearis is a director and has a beneficial interest.
50,000 Options	Listed options (PRUO) exercisable at 20 cents each on or before 31 March 2009, held in the name of Pendomer Investments Pty Ltd (Law Settlements Fund account), a company in which Mr Fearis is a director and has a beneficial interest.
400,000 Unlisted Options	Exercisable at 20 cents each on or before 31 March 2009, held in the name of Neil Christian Fearis.

Appendix 3Y

Class	Listed Options (PRUO)
Number acquired	Nil
Number disposed	50,000 Listed Options (PRUO)
Value/Consideration	\$6,000
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
100,000 Fully paid shares	Held in the name of Pendomer Investments Pty Ltd (Law Settlements Fund account), a company in which Mr Fearis is a director and has a beneficial interest.
400,000 Options	Unlisted options exercisable at 20 cents each on or before 31 March 2009, held in the name of Neil Christian Fearis.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market sale.

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A

Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A