PERSEUS MINING LIMITED — Share Issue/Capital Change 2005

Mar 28, 2005

24 March 2005

The Manager Company Announcements Office Australian Stock Exchange Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000

Dear Sir

COMPLETION OF ESCROW PERIOD

Perseus Mining Limited advises that 50,000 ordinary shares (PRU) and 25,000 options (PRUO) will be released from ASX escrow conditions on 12 April 2005.

Yours faithfully

Shing

Susmit Shah Company Secretary