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PTR MINERALS LTD Capital/Financing Update 2022

May 23, 2022

65621_rns_2022-05-23_1e35081c-eea6-4e4e-957d-f1dfa378b184.pdf

Capital/Financing Update

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PETRATHERM LIMITED ACN 106 806 884

ASX: PTR

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www.petratherm.com.au [email protected]

ASX ANNOUNCEMENT 24 May 2022

Share Purchase Plan

Petratherm Ltd (“Petratherm” or “the Company”– PTR: ASX ) wishes to advise that, due to current market and economic conditions, the Company will not be proceeding with the Share Purchase Plan (“ SPP ”) as announced on 28 April 2022, at this time.

This ASX announcement has been approved by Petratherm’s Board of Directors and authorised for release

For further information, please contact:

Peter Reid, Exploration Manager, Tel: (08) 8133 5000