PERSEUS MINING LIMITED — Director's Dealing 2008

Jan 31, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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	REGINALD NORMAN GILLARD
Date of last notice	18/12/2007

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 therelevant interest.
Date of change	18/01/2008
No. of securities held prior to change	Held in the name of
10,000 ordinary fully paid shares	Reginald Norman Gillard
5,000 options	Listed options (PRUO) exercisable at 20cents on or before 31 March, 2009 held inthe name of Reginald Norman Gillard.
115,000 ordinary fully paid shares	Held in the name of Amalgamation Sale &Takeover Consultants Pty Ltd in which MrGillard is a director and holds a beneficialinterest.
22,500 options	Listed options (PRUO) exercisable at 20cents on or before 31 March 2009 held in thename of Amalgamation Sale and TakeoverConsultants Pty Ltd in which Mr Gillard is adirector and holds a beneficial interest.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Held in the name of
10,000 ordinary fully paid shares	Held in the name of Economist Holdings PtyLtd in which Mr Gillard is a director andholds a beneficial interest.
5,000 options	Listed options (PRUO) exercisable at 20cents on or before 31 March 2009 held in thename of Economist Holdings Pty Ltd inwhich Mr Gillard is a director and holds abeneficial interest.
75,000 ordinary fully paid shares	Held in the name of Balcatta Boys Pty Ltd inwhich Mr Gillard is a director and holds abeneficial interest.
37,500 options	Listed options (PRUO) exercisable at 20cents on or before 31 March 2009 held in thename of Balcatta Boys Pty Ltd in which MrGillard is a director and holds a beneficialinterest.
400,000 unlisted options	Exercisable at 20 cents each on or before 31March 2009 held in the name of ReginaldNorman Gillard.
600,000 Unlisted Options	Exercisable at $1.50 each from 1 July 2008until 31 July 2010 held in the name ofReginald Norman Gillard.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	Shares acquired upon exercise of variouslisted and unlisted options.
Class	Ordinary fully paid shares
Number acquired
22,500 Ordinary shares	Held in the name of Amalgamation Sale andTakeover Consultants Pty Ltd.

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Appendix 3Y Change of Director’s Interest Notice

Number acuired (Continued)	Number acuired (Continued)	Number acuired (Continued)	Number acuired (Continued)
		Number acuired (Continued)
		q
		5,000 Ordinary shares			Held in the name of Economist HoldingLtd			s Pty
					.
		37,500 Ordinary shares			Held in the name of Balcatta Boys Pty Ltd.
		400,000 Ordinary shares			Held in the name of Reginald NormanGillard.
		Number disposed
		Value/ConsiderationNote: If consideration is non-	cash, provide details and estimated		$93000 ti	id t 20 t	each)
		valuation			, (opons exer	cse a cens
		No. of securities held a	fter change
		410,000 ordinar	y fully paid shares		Reginald Norman Gill	ard
		5000 options			Listed options (PRU	O) exercisable	at 20held in
		,			cents on or before 3the name of Reginald	1 March, 2009Norman Gillard.
		137,500 ordinar	y fully paid shares		Held in the name ofTakeover ConsultantsGillard is a directorinterest.	AmalgamationPty Ltd in whiand holds a ben	Sale &ch Mreficial
		15,000 ordinar	y fully paid shares		Held in the name of E	conomist Holdin	gs Ptyor and
					Ltd in which Mr Giholds a beneficial inte	llard is a directrest.
		112,500 ordinary fully paid shares			Held in the name of Balcatta Boys Pty Ltd inwhich Mr Gillard is a director and holds abeneficial interest.
		600,000 Unlisted Options			Exercisable at $1.50 each from 1 July 2008until 31 July 2010 held in the name ofReginald Norman Gillard.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Acquisition of shares upon exercise of Example: on-market trade, off-market trade, exercise of options, various listed and unlisted options. issue of securities under dividend reinvestment plan, 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 interestrelated prior to changeNote: Details are only required for a contract in relation to whichthe interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

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