PERSEUS MINING LIMITED — Director's Dealing 2006

May 29, 2006

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	RHETT BOUDEWYN BRANS
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	23 May 2006
No. of securities held prior to change	Held in the name of
50,000 Ordinary fully paid shares	Held in the name of Rhett & Monica Diwi Brans ATF the R & MD Brans Super Fund.
25,000 Options	Listed options (PRUO) exercisable at 20 cents each on or before 31 March 2009 held in the name of Rhett & Monica Diwi Brans ATF the R & MD Brans Super Fund.
400,000 Options	Options exercisable at 20 cents each on or before 31 March 2009 held in the name of Rhett Boudewyn Brans.

Class	Fully paid shares
Number acquired
100,000 Ordinary fully paid shares	Held in the name of Proman Consulting Engineers Pty Ltd, a company in which Mr Brans is a director and holds an interest.
Number disposed	N i
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$45,000
No. of securities held after change
50,000 Ordinary fully paid shares	Held in the name of Rhett & Monica Diwi Brans ATF the R & MD Brans Super Fund.
100,000 Ordinary fully paid shares	Held in the name of Proman Consulting Engineers Pty Ltd, a company in which Mr Brans is a director and holds an interest.
25,000 Options	Listed options (PRUO) exercisable at 20 cents each on or before 31 March 2009 held in the name of Rhett & Monica Diwi Brans ATF the R & MD Brans Super Fund.
400,000 Options	Unlisted options exercisable at 20 cents each on or before 31 March 2009 held in the name of Rhett Boudewyn Brans.

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 purchase.
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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