WEST AFRICA’S NEWEST LARGE GOLD PRODUCER Matters relating to the electronic presentation of the audited financial report Independence Auditor’s Opinion Report on the Remuneration Report  Auditor’s Opinion This auditor’s report relates to the financial report and remuneration report of Perseus Mining Limited for the  financial year ended 30 June 2011 included on Perseus Mining Limited’s website. The company’s directors are  responsible for the integrity of the Perseus Mining Limited website. We have not been engaged to report on the  integrity of this website. The auditor’s report refers only to the financial report and remuneration report identified  above. It does not provide an opinion on any other information which may have been hyperlinked to/from the  financial report. If users of the financial report are concerned with the inherent risks arising from publication on a  website, they are advised to refer to the hard copy of the audited financial report and remuneration report to confirm  the information contained in this website version of the financial report.  In conducting our audit, we have complied with the independence requirements of the  Corporations Act 2001 . In our opinion: (a) the financial report of Perseus Mining Limited is in accordance with the  Corporations Act 2001 , including: (i) giving a true and fair view of the consolidated entity’s financial position as at 30 June 2011 and of its  performance for the year ended on that date; and (ii) complying with Australian Accounting Standards and the  Corporations Regulations 2001 ; and (b) the financial report also complies with International Financial Reporting Standards as disclosed in Note 1.  We have audited the Remuneration Report included in the directors’ report for the year ended 30 June 2011. The  directors of the company are responsible for the preparation and presentation of the Remuneration Report in  accordance with section 300A of the  Corporations Act 2001 . Our responsibility is to express an opinion on the  Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. Perth, Western Australia 30 August 2011 HLB MANN JUDD  Chartered Accountants M R W OHM  Partner 88 In our opinion, the Remuneration Report of Perseus Mining Limited for the year ended 30 June 2011 complies with  section 300A of the  Corporations Act 2001 .