PERSEUS MINING LIMITED — Share Issue/Capital Change 2016

Jul 24, 2016

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Level 2, 437 Roberts Road, Subiaco WA 6008, Australia Phone: +61 8 6144 1700 Fax: +61 8 6144 1799 PO Box 1578, Subiaco WA 6904, Australia Email: info@perseusmining.com www.perseusmining.com

25 July 2016

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001

This notice is given by Perseus Mining Limited (ACN 106 808 986) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) as modified by the Australian Securities and Investments Commission ( ASIC ).

As previously announced to the ASX on 20 June 2016, the Company confirms that it has today issued 15,302,099 fully paid ordinary shares in the Company at an issue price of A$0.50 under the retail component of a pro rata accelerated non-renounceable entitlement offer ( Retail Shares ).

Notice given under section 708A(5)(e) of the Corporations Act as modified by ASIC

As a disclosing entity, the Company is subject to regular reporting and disclosure obligations. As the Placement Shares were issued without disclosure under Part 6D.2 of the Corporations Act, as at the date of this notice, the Company confirms it has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company also confirms that, as at the date of this notice, there is no ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Corporations Act (as modified by ASIC Corporations Instruments 2016/73 and 2016/84) that is required to be set out in this notice.

For and on behalf of the Board

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Reginald Gillard

Non-Executive Chairman