PTR MINERALS LTD — Director's Dealing 2007

May 29, 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
IABN	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	Derek Carter
Date of last notice	8 February 2006

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	(a) Direct
	(b) Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Carter Family Trust (Trustee)
Date of change	21 May 2007
No. of securities held prior to change	Direct(a) 1,200,000 Unquoted Options exercisableat $0.20, expiring on 4 April 2009.Indirect(b) 60,000 Ordinary Fully Paid Shares.
Class	Ordinary Shares
Number acquired	6,250 Ordinary Fully Paid Shares
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$5,000.00

+ See chapter 19 for defined terms.

No. of securities held after change	Direct(a) 1,200,000 Unquoted Options exercisableat $0.20, expiring on 4 April 2009.Indirect(b) 66,250 Ordinary Fully PaidShares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back-	Acquisition of shares in accordance with theCompany's Share Purchase Plan

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: 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

$\overline{\text{+ See chapter 19}}$ for defined terms.

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
IABN	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 Martin Bonython
Date of last notice	26 April 2006

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	(a) Direct
	(b) Indirect
Nature of indirect interest	Dorica Nominees Pty Ltd (Director)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	21 May 2007
No. of securities held prior to change	Direct
	(a) 20,000 Ordinary Fully Paid Shares.
	500,000 Unquoted Options exercisable at
	$0.20, expiring on 4 April 2009.
	(b) 500,000 Ordinary Fully Paid Shares.
Class	Ordinary Shares
Number acquired	(a) 6,250 Ordinary Fully Paid Shares
	(b) 6,250 Ordinary Fully Paid Shares
Number disposed

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$(a)$ $5,000.00$(b)$ $5,000.00
No. of securities held after change	Direct(a) 26,250 Ordinary Fully Paid Shares.500,000 Unquoted Options exercisable at$0.20, expiring on 4 April 2009.(b) 506,250 Ordinary Fully Paid Shares.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back-	Acquisition of shares in accordance with theCompany's Share Purchase Plan

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: 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

$\overline{\text{+ See chapter 19}}$ for defined terms.