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PTR MINERALS LTD Capital/Financing Update 2010

Mar 31, 2010

65621_rns_2010-03-31_64084bb1-93cd-4faf-90b0-45c8faba94e1.pdf

Capital/Financing Update

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PETRATHERM LIMITED ABN 17 106 806 884

SHARE PURCHASE PLAN (SPP) TO BE UNDERWRITTEN

The Company is pleased to announce that it has entered into an agreement with stockbrokers, Taylor Collison Limited to underwrite the SPP up to $2M.

The underwriting by Taylor Collison Limited offers very valuable market support to the SPP offer issued on 18 March 2010 and which closes on 9 April 2010.

The Company would also like to confirm that all board members intend to take up their eligible entitlement in the SPP.

Yours faithfully

1 April 2010

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Terry Kallis Managing Director

ASX Code: PTR

ABN 17 106 806 884

MEDIA CONTACTS:

Level 1,129 Greenhill Road Unley SA 5061

Terry Kallis Kieran Hall / Tim Hughes

Petratherm Ltd Hughes Public Relations

08 8274 5000 08 8412 4100

T: +61 8 8274 5000 F: +61 8 8272 8141 W: www.petratherm.com.au/ E: [email protected]