PTR MINERALS LTD — Director's Dealing 2004

Jul 28, 2004

Rule 3.19A.1

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Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

MAAAAAAAAAAAAAAAAAFT\TTTTTTTTTTTTTTTTTName of entity	PETRATHERM LTD.
TTTTTTTT A BN	17 106 806 884

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	--------------------------------------Richard Ralph Hillis
Date of appointment	.March 2004

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Options 300,000

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of SecuritiesinterestNote: Provide details of the circumstances giving rise tothe relevant interest.	Ordinary Shares
Mr Richard Ralph Hillis and MrsBelinda Hillis As Trustees of the B M.Hillis Family Trust	20,000

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

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+ See chapter 19 for defined terms.