PTR MINERALS LTD — Director's Dealing 2007

Oct 30, 2007

Appendix 3Y

Rule 3.19A.2

Change of 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.

Name of entity	PETRATHERM LTD
ABN	17 106 806 884

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Richard Ralph Hillis
Date of last notice	st March 20041

Part 1 - Change of director's relevant interests in securities

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.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Richard Ralph Hillis and Mrs BelindaHillis As Trustees of the B. M. Hillis FamilyTrust
Date of change	25th June 2007
No. of securities held prior to change	Direct300,000 Unquoted Options exercisable at$0.20 expiring on 4 April 2009Indirect20,000 Ordinary Fully Paid Shares
Class	Unquoted options
Number acquired	200,000
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.00(nil)

+ See chapter 19 for defined terms.

No. of securities held after change	Direct
	300,000 Unquoted Options exercisable at
	$0.20 expiring on 4 April 2009
	200,000 Unquoted Options exercisable at
	$0.97 expiring on 25 June 2012
	Indirect
	20,000 Ordinary Fully Paid Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of	ISSUEDPURSUANTTOA
securities under dividend reinvestment plan, participation in buy-back	CONSULTANCYAGREEMENTAND
	APPROVED BY SHAREHOLDERS AT AN
	EXTRORDINARY GENERAL MEETING
	HELD ON 11TH SEPTEMBER 2007.

Part 2 – Change of 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	The contract provides for the provision of Dr Hillis'
	services as a consultant to the Paralana Project for 6months.
Nature of interest	Direct
Name of registered holder
(if issued securities)
Date of change	25th June 2007
No. and class of securities to	As above
which interest related prior to
changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change	As above

+ See chapter 19 for defined terms.