PERSEUS MINING LIMITED — Major Shareholding Notification 2010

Aug 30, 2010

+4168630021

One Adelaide Street East 21st Floor Toronto, Ontario M5C 2V9

(416) 365-2584 $(416) 865 - 3463$

Tel:

Fax:

Goodman & Company, Investment Counsel Ltd.

To:		Company Announcements Office		From: Marlowe Hanlen
		Company: Australian Stock Exchange
Fax:		011-612-9778-0999 or 011-612-9347-0005		Pages: $1 + 3$
Phone:				Date: August 30, 2010
Re:		Form 604 - Perseus Mining Limited
$\Box$ Urgent		For Review	Please Comment$\mathbf{1}$	$\Box$ Piease Reply	Please Recycle

• Comments:

Attached is a Form 604 for Perseus Mining Limited. to be lodged with the ASX today on behalf of Goodman & Company, Investment Counsel Ltd.

Thank you for your assistance.

rulliz

Marlowe Hanlen, Compliance Officer Goodman & Company, Investment Counsel Ltd. Tel.: 416-365-2584 (direct) Fax: 416-865-3463 (legal) Email: mhanlen@dynamic.ca

: $mh$ Attachment

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Perseus Mining Limited
ACN/ARSN	27 106 808 986
1. Details of substantial holder (1)

Name	Dundee Corporation and each of its associates listed in Annex A
ACN/ARSN (if applicable)	N/A
There was a change in the interests of thesubstantial holder on	08 / 27 / 2010
The previous notice was given to thecompany onThe previous notice was dated	08/18/201008 / 18 / 2010

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid	37.490.600	8.90%	42,815,000	10.16%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class and numberof securitiesaffected	Person's votesaffected
Aug. 27,2010	Goodman &Company,Investment CounselLtd.	In-marketacquisitions	Average shareprice was AUD2.6326*	5.324.400Ordinary fullypaid	5.324.400

*The currency conversion date used to calculate the average share price was as at August 27, 2010.*

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant interest	Registeredholder of securities	Person entitledto be registered asholder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person'svotes
Goodman &Company,InvestmentCounsel Ltd.	G&C, in its capacity as trusteeand manager of various mutualfunds has the power to controlthe voting and/or disposal of thesecurities and holds thesecurities for investmentpurposes	Unknown		Ordinaryfully paid42.815.000	42.815.000

AUG-30-201014:41	FROM-GOODMAN (AND (CO
----------------------	-----------------------	--	--

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

1 Name and ACN/ARSN (if applicable)	Nature of association
I No Change

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Dundee Corporation	28 th Floor, 1 Adelaide Street East, Toronto, Ontario M5C 2V9
Goodman & Company, InvestmentCounsel Ltd.	29th Floor, 1 Adelaide Street East, Toronto, Ontario M5C 2V9

Signature

print name Lillian Mance

Capacity: Corporate Secretary of Dundee Corporation

August / 2010

sign here

DIRECTIONS

date

• If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or $(1)$ the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection $(a)$ 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting $(b)$ powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(7)$ acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write $(8)$ "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

604 page 1 of 2 February 15, 2007

ANNEXURE A

Associates

Under section 9 of the Corporations Act by virtue of being related bodies corporate, these Companies are associates of Dundee Corporation.

Goodman & Company, Investment Counsel Ltd.

This is the annexure of 1 page marked A referred to in Form 604: Notice of Change of Interests of Substantial Holder signed by me.

Mana

Lillian Mance, Corporate Secretary of Dundee Corporation

Aug. 302010 Date