PTR MINERALS LTD — Capital/Financing Update 2015

Feb 3, 2015

PETRATHERM LTD

Level 1, 169 Fullarton Road, Dulwich, South Australia 5065 Tel: +61 8 8274 5000 Website www.petratherm.com.au Email admin@petratherm.com.au A.C.N. 106 806 884

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4 February 2015

NON-RENOUNCEABLE RIGHTS ISSUE

Petratherm Limited ( Company ) is pleased to announce a capital raising by way of a non-renounceable pro rata rights issue at an issue price of $0.002 per new share on the basis of one new share for every one ordinary share held. Under this offer, a maximum of 252,277,951 shares will be issued to raise approximately $504,556. Funds raised from the rights issue will be used to pay the costs of the issue, fund new projects or acquisitions and for working capital purposes.

The issue price of the new shares under the rights issue represents a discount of 50% to the volume weighted average price of the Company’s shares during the 14 trading day period up to and including 3 February 2015.

Each eligible shareholder registered on the Company’s register of members at 7.00 pm (Adelaide time) on 11 February 2015 ( 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 $0.002 per new share. Please note that the Company’s shares will be quoted on an ‘ex’ basis from 9 February 2015 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.

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.

The rights issue is fully underwritten by Taylor Collison Limited.

The indicative timetable for the rights issue is as follows:

Event	Date
Announcement of Entitlement Offer and Appendix 3B lodged with ASX	4 February 2015
Offer Booklet lodged with ASX	5 February 2015
Shareholder notice despatched	6 February 2015
Shares trade on an “ex” Entitlement basis	9 February 2015
Record Date for eligibility to participate in the Entitlement Offer	11 February 2015 at7:00pm Adelaide time
Offer Booklet and Entitlement and Acceptance Form despatched toShareholders	16 February 2015
Opening Date for the Entitlement Offer	16 February 2015

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Last day to extend the Closing Date for the Entitlement Offer	20 February 2015
Closing Date for the Entitlement Offer	25 February 2015 at5:00pm Adelaide time
Securities quoted on a deferred settlement basis	26 February 2015
Notify ASX of under subscriptions	2 March 2015
Allotment of New Shares issued under the Entitlement Offer and deferredsettlement trading ends	4 March 2015
Normal ASX trading for New Shares commences	5 March 2015
Despatch of holding statements for New Shares issued under the EntitlementOffer	10 March 2015

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

Full details of the rights issue will be contained in the Offer Booklet to be dispatched to eligible shareholders in accordance with the timetable set out above.

The Board looks forward to shareholder support of the rights issue.

Yours faithfully

Simon O’Loughlin Chairman