PERSEUS MINING LIMITED — Director's Dealing 2017

Jul 18, 2017

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	21 February 2017

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		19 July2017
No. of securities held prior to change	Class	Held in the name of
771,250	Ordinaryfullypaid shares	Jeffrey Quartermaine
110,000	Ordinaryfullypaid shares	Quartermaine Superannuation Fund

Number acquired	28,750	Jeffrey Quartermaine
	Ordinary fully
	paid shares
	90,000 Ordinary	Quartermaine Superannuation Fund
	fully paid shares
Number disposed		N/A

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation		$0.28per share
No. of securities held after change	Class	Held in the name of
200,000	Ordinaryfullypaid shares	Quartermaine Superannuation Fund
800,000	Ordinarypaid shares	fullyJeffrey Quartermaine

Nature of change	On-market trade
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 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	18 July 2017
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	2,000,000Performance Rights
Interest acquired	N/A
Interest disposed	833,334performance rights expired due to vestingconditions not having been met
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	1,166,666

+ See chapter 19 for defined terms.

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	yes
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	yes
to proceed during this period?
If prior written clearance was provided, on what date was this	19 July 2017
provided?

+ See chapter 19 for defined terms.