PTR MINERALS LTD — Capital/Financing Update 2013

Oct 10, 2013

PETRATHERM LTD

Level 1, 129 Greenhill Road, Unley, South Australia 5061 Tel: +61 8 8274 5000 Fax: +61 8 8272 8141 Website www.petratherm.com.au Email admin@petratherm.com.au A.C.N. 106 806 884

==> picture [176 x 61] intentionally omitted <==

11 October 2013

Dear Shareholder

NON-RENOUNCEABLE RIGHTS ISSUE – APPENDIX 3B NOTICE

Petratherm Limited (Company) announced on 9 October 2013 a capital raising by way of one for one pro-rata non-renounceable rights issue that does not require shareholder approval. In accordance with the Listing Rules of the Australian Securities Exchange (ASX) , the Company is pleased to provide you with the following information about the rights issue.

Each eligible shareholder registered on the Company’s register of members at 7.00 pm (Adelaide time) on 18 October 2013 (Record Date) will be entitled to subscribe for one new fully paid ordinary share in the Company for every one ordinary share held as at the Record Date at a price of $0.01 per new share. The issue price of the new shares under the offer represents a discount of 59% to the closing average price of the Company’s shares during the 14 trading day period up to and including 8 October 2013.

In addition to being able to apply for new shares under the rights issue, eligible shareholders will also have the opportunity to apply for additional new shares that are not subscribed for under the rights issue.

Please note that the Company’s shares will be quoted on an ‘ex’ basis from 14 October 2013, and therefore any of the Company’s shares bought on market on and after this date will not be entitled to participate in the rights issue.

The maximum number of new shares to be issued (excluding the exercise of any unlisted options) is 177,067,166 new shares (New Shares) , which would raise up to $1,770,672 and would result in total issued shares in the Company of 354,134,332. It is intended that New Shares issued as a result of entitlements taken up will be quoted on ASX and will rank equally with existing issued ordinary shares of the Company.

Before making a decision whether to subscribe for any of these shares, please carefully read the Offer Booklet when you receive it. The offer opens on 23 October 2013 and closes at 5.00 pm (Adelaide time) on 7 November 2013.

From 10 October 2013, the Offer Booklet will be available to download from both the ASX website (at www.asx.com.au) and the Company’s website (at www.petratherm.com.au), and will subsequently be mailed to eligible shareholders on or around 23 October 2013.

174661_Samples/000001/000001/i

• 2 -

The indicative timetable for the rights issue is as follows:

Activity	Date
Announcement of Entitlement Offer and Appendix 3Blodged with ASX	9 October 2013
Offer Bookletlodged with ASX	10 October 2013
Shareholder notice despatched	11October 2013
Shares trade onan “ex” Entitlement basis	14October 2013
Record Date for eligibility to participate in theEntitlement Offer	18 October 2013 at 7:00pmAdelaide time
Offer Booklet and Entitlement and Acceptance Formdespatched to Shareholders	23 October 2013
OpeningDatefortheEntitlement Offer	23 October 2013
Closing Date for the Entitlement Offer	7 November 2013 at 5:00pmAdelaide time
Securities quoted ona deferred settlement basis	8 November 2013
Notify ASX of under subscriptions	12 November 2013
Issue of New Shares issued under the Entitlement Offerand deferred settlement trading ends	15 November 2013
Normal ASX trading for New Shares commences	18 November 2013
Despatch of holding statements for New Shares issuedundertheEntitlement Offer	20 November 2013

The timetable is indicative only and the Company reserves the right to vary it at any time without prior notice subject to the Listing Rules and the Corporations Act 2001 (Cth).

The rights issue is partially underwritten by Taylor Collison Limited to the extent of $600,000.

If you have any queries, please contact the Company on (08) 8133 5000.

Yours faithfully

==> picture [122 x 46] intentionally omitted <==

Donald Stephens Company Secretary