PERSEUS MINING LIMITED — Director's Dealing 2010

Jul 27, 2010

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	NEIL CHRISTIAN FEARIS
Date of last notice	22/07/2010

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 and Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Pendomer Investments Pty Ltd, a company inwhich Mr Fearis is a director and has a beneficialinterest.
Date of change	21/07/2010, 23/07/2010 and 28/07/2010
No. of securities held prior to change	Held in the name of
327,707 fully paid ordinary shares (refer to noteon the next page)	Pendomer Investments Pty Ltd.

Class	Class
Number acquired400,000	Fully paid ordinary shares
Number disposed249,975	Fully paid ordinary shares (171,805 shares on 21July and 78,170 shares on 23 July)
400,000	Options – exercised on 28 July 2010 to acquire400,000 ordinary shares

participation in buy-back

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$574,942.50 proceeds from sale of shares (allsales at $2.30 each)$600,000 for the acquisition of 400,000 sharesvia an exercise of 400,000 options at $1.50 each.

No. of securities held after change
477,732fully paid ordinary shares	Pendomer Investments Pty Ltd.
Nature of change	Disposal of shares on market on 21 and 23 July
Example: on-market trade, off-market trade, exercise of options,	2010.
issueofsecuritiesunderdividendreinvestmentplan,	Acquisition of shares through the exercise of

options on 28 July 2010.

Part 2 – Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which interest relatedprior 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

Note: Mr Fearis's Appendix 3Y lodged on 22 July 2010 disclosed a holding of 319,975 shares registered under Pendomer Investments Pty Ltd as a closing balance. It should in fact have reported a holding of 327,707 shares. The difference of 7,732 shares arose on 31 May 2010 through Pendomer Investments Pty Ltd's participation in the Company's share purchase plan (SPP) at a price of $1.94 each.