PERSEUS MINING LIMITED — Director's Dealing 2015

Jul 29, 2015

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 30/09/01 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	16 June 2014

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 giving rise tothe relevant interest.		Quartermaine Superannuation Fund,an entity in which Mr Quartermaineis a trusteeand a beneficiary
Date of change		30 July 2015
No. of securities held prior to change	Class	Held in the name of
100,000	Ordinaryfullypaid shares	Jeffrey Quartermaine
100,000	Ordinaryfullypaid shares	Quartermaine Superannuation Fund

Number acquired	Ordinary fullypaid shares	362,500
Number disposed		N.A.
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation		Nil (vesting of performance rights)

+ 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	Issue of sharesfollowing vesting of performance rights
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back

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 ordinaryshare upon satisfaction of specified performance criteria(primarily the comparison of the Company's totalshareholder return over a specified period against a peergroup).
Name of registered holder(if issued securities)	N/A
Date of change	30July 2015
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	999,286Performance Rights
Interest acquired	N/A
Interest disposed	362,500 performance rights vested
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	636,786Performance Rights

+ See chapter 19 for defined terms.

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior writtenclearance was required?
If so, was prior written clearance provided to allow thetradeto 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.