PERSEUS MINING LIMITED — Director's Dealing 2015

Nov 22, 2015

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 30/09/01 Amended 01/01/11

Name of entity	PERSEUS MINING LIMITED
ABN	27 106 808 986

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	Jeffrey Quartermaine
Date of last notice	1 September 2015

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

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest		Direct and Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.		Quartermaine Superannuation Fund,an entity in which Mr Quartermaineis a trusteeand a beneficiary
Date of change		N/A
No. of securities held prior to change	Class	Held in the name of
462,500	Ordinaryfullypaid shares	Jeffrey Quartermaine
100,000	Ordinaryfullypaid shares	Quartermaine Superannuation Fund

Number acquired	Ordinary fully	N.A.
	paid shares
Number disposed		N.A.
Value/Consideration		N.A.
Note: If consideration is non-cash, provide detailsand estimated valuation

+ See chapter 19 for defined terms.

No. of securities held after change	Class	Held in the name of
100,000	Ordinaryfullypaid shares	Quartermaine Superannuation Fund
462,500	Ordinaryfullypaid shares	Jeffrey Quartermaine

Nature of change	N.A.
Example:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buyback

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	Each Performance Right can convert to one ordinary
	share upon satisfaction of specified performance criteria
	(primarily the comparison of the Company's total
	shareholder return over a specified period against a peer
	group).
Name of registered holder	N/A
(if issued securities)
Date of change	20 November2015
No. and class of securities to which	362,500Performance Rights
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	1,000,000Performance Rights
Interest disposed
Value/Consideration	Performance Rights issued at nil consideration
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change	1,362,500Performance Rights

+ See chapter 19 for defined terms.

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	N/A
above traded during a +closed periodwhere prior writtenclearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.