Company Information for Perseus Mining Ltd

ASX-PRU; BERLIN-A0B7MN; FRANKFURT-P4Q

www.perseusmining.com

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ASX; PRU

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Company Statement

Perseus Mining Limited (Perseus) was formed in late 2003 to explore and develop several significant gold projects located in West Africa and Central Asia. There is the potential to discover major gold deposits on a number of identified targets within the portfolio. Perseus listed on the Australian Stock Exchange on 22 September 2004.

By June 2008, Perseus aims to increase its West African resources to 5Moz with the further objective that completed feasibility studies will have provided direction for the development of its Ayanfuri and Grumesa resources in Ghana.

Perseus aims to significantly increase its current resource base through exploration, with the further objective of becoming a gold producer as soon as practicable. The longer term goal is to reach mid-tier producer status with low cost, long life operations.

Perseus is a gold explorer focussing in West Africa and the Kyrgyz Republic.

It has specific exploration programs, budgets and joint ventures in place to maximise the likelihood of discoveries and progress towards gold production.

Current Operations

Perseus was floated in September 2004 to acquire, explore and develop several significant advanced gold projects located in West Africa and Central Asia.

Perseus has targeted regions which:

have numerous "World Class" (over 100 tonnes) gold deposits;
have significant existing gold production and growing reserve inventories;
remain amongst the least explored by modern techniques; and
include countries in which the Directors and Perseus staff have substantial experience, so Perseus will not be affected by the "learning curve" usually associated with offshore exploration and development.

The regions of focus are:

Ghana - The Ashanti gold belt in Ghana has for more than a decade been one of the world's most prolific in terms of gold discoveries and production growth. Recent successes by Newmont Mining Corporation, Golden Star Resources Ltd, St Jude Resources Ltd and Adamus Resources Ltd have shown that the new wave of discoveries is on prospects originally identified in the mid 1990s. In a short period, Newmont's assets in Ghana have become a major focus for that company with over 16 million ounces of reserves identified in two projects.

Morila - Tongon (Mali - Cote d'Ivoire) - New discoveries and mine developments in Mali have contributed to the rapid increase in that country's importance as a gold producer. The discoveries in Mali and northern Cote d'Ivoire are significant for the relative ease with which the deposits have been discovered, their large size, grade, and mine profitability. The discovery and early production successes at Morila sparked the current Malian gold exploration rush.

Tien Shan (Uzbekistan, Kyrgyz Republic, Northern China) - In terms of global gold endowment, the Tien Shan gold belt is considered second only to the Witwatersrand of South Africa. It contains many World Class deposits including the world's largest open pitable gold deposit, the over 120 million ounce Muruntau gold mine. Production from the Tien Shan gold belt has increased since the breakup of the former Soviet Union in 1991 and is likely to continue its upward trend given the number of Western companies now exploring within this region.

The Company's key projects, Tengrela, Grumesa, Tolubay and Savoyardy, were selected using an additional strict set of criteria:

significant previous exploration including geochemistry, geophysics, drilling, adits or trenching;
identified geological setting and style of mineralisation consistent with large gold deposits occurring along strike or within the same gold belt;
developed robust exploration model; and
drill ready.

Perseus considers the fact that the five key projects are located in three different countries as a positive factor because it mitigates sovereign risk. Other projects such as Kwatechi, Maly Naryn and Talas, are all prospective in their own right.

Geographical Spread

West Africa (Ghana, Ivory Coast)
Central Asia (Kyrgyz Republic)

Board of Directors and Key Management

Reg Gillard	Chairman
Mark Calderwood	Managing Director
Colin Carson	Director
Neil Fearis	Director
Rhett Brans	Director
Susmit Shah	Company Secretary
Kevin Thomson	Exploration Manager

Company Address

30 Ledgar Road
Balcatta, Western Australia, Australia 6021


Telephone:	+618 9240 6344
Facsimile:	+618 9240 2405
Website:	http://www.perseusmining.com

Additional Address/Key Contact

Ghana
4 Chancery Court
147A Gifford Road
East Cantonments,
Accra, Ghana
PO Box C2576
Accra, Ghana
Telephone: +233 21 760 530/ +233 21 767 924
Facsimile: +233 21 760 528

Kyrgyz Republic
#10, Erkindyk Ave Bishkek 720739
Kyrgyz Republic
Telephone/fax: +996 312 664 992

Annual General Meeting

November

Year End

30 June

Nominated Brokers

Montagu Stockbrokers Pty Ltd
Level 2, 37 St Georges Terrace
Perth, Western Australia 6000

Nominated Advisors

Adam Davey

Broker/Analyst Reports

17/11/06 - 13 Oct 2006, Perseus Mining Limited, Montagu Stockbrokers

Major Shareholders

Caspian Oil & Gas Limited	26.20%
Macquarie Bank Limited	10.41%
ANZ Nominees Ltd	8.42%
HSBC Custody Nominees (Australia) Ltd	3.38%

Most Recent Statement

25/06/08 - Ayanfuri Update Ghana - West Africa
12/06/08 - Perseus Mining Increases its Landholding in Ivory Coast
04/06/08 - High Grade Diamond Drill Intercepts Shambesai Gold Prospect, Kyrgyz Republic
19/05/08 - High Grade Diamond Drill Intercept Tengrela Gold Project, Ivory Coast
02/05/08 - Another Resource Upgrade in Ghana Ayanfuri Gold Project
30/04/08 - March 2008 Quarterly Activity Report

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