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PTR MINERALS LTD Capital/Financing Update 2004

Jul 25, 2004

Capital/Financing Update

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26 July 2004

Petratherm Limited was admitted to the Official List of Australian Stock Exchange Limited on Friday, 23 July 2004.

Official Quotation of the following securities will commence at 11.30am E.S.T. on Tuesday, 27 July 2004.

The following information is released as pre-quotation disclosure.

1. Distribution schedule – Appendix 1A, paragraph 48.
Top 20 holders. 2.
Number and escrow period of restricted securities. 3.
$41$ Full terms and conditions of Employees and Officers Share Option Plan.
1. Statement setting out the full terms and conditions of the options.
1. Undertaking to enter into a restriction agreement with Adelaide Research & Innovation Investment Trust.
1. Constitution
1. Appendix 1A, ASX Listing application and agreement.

Security Code: PTR

Matthew Fraser Companies Adviser