PERSEUS MINING LIMITED — Director's Dealing 2005

Mar 17, 2005

Appendix 3Y

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	MARK ANDREW CALDERWOOD
Date of last notice	I OCTOBER 2004

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	14/03/05
No. of securities held prior to change	Held in the name of
290,000 Ordinary Fully Paid Shares	Mark Andrew Calderwood
55,000 Listed Options (PRUO)	Mark Andrew Calderwood
2,400,000 Unlisted Options	Employee options exercisable at 20 cents on or before 31 March 2009 held in the name of Mark Andrew Calderwood
80,000 Ordinary Fully Paid Shares	Held in the name of spouse Delphine Faith Toe
40,000 Listed Options (PRUO)	Exercisable at 20 cents on or before 31 March 2009 held in the name of Delphine Faith Toe

Class	Ordinary fully paid shares
Number acquired
100,000 Ordinary Fully Paid Shares	in the name of Mark Held. Andrew Calderwood
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$16,176.00

No. of securities held after change
390,000 Ordinary Fully Paid Shares 55,000 Listed Options (PRUO)	Mark Andrew Calderwood Mark Andrew Calderwood
2,400,000 Unlisted Options	Employee options exercisable at 20 cents on or before 31 March 2009 held in the name of Mark Andrew Calderwood
80,000 Ordinary Fully Paid Shares 40,000 Listed Options (PRUO)	Held in the name of spouse Delphine Faith Toe Exercisable at 20 cents on or before 31 March 2009 held in the name of Delphine Faith Toe
Nature of change Fine members are concelled and for a 400 members and discussion for a 40 members of	On-market acquisition

Nature of change	On-market acquisition
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment olan. participation in buy-back

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

Part 2 - Change of director's interests in contracts (continued)

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