PTR MINERALS LTD — Director's Dealing 2010

May 4, 2010

Petratherm Ltd

Level 1, 129 Greenhill Road, Unley SA 5061 Tel: +61 8 8274 5000 Fax: +61 8 8272 8141 Website www.petratherm.com.au Email admin@petratherm.com.au A.C.N. 106 806 884 A.B.N. 17 106 806 884

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5 May 2010

The Manager ASX Limited Company Announcements

NOTICE OF GENERAL MEETING - CORRECTION

Petratherm Limited (‘ Company ’) refers to its Notice of General Meeting in relation to a meeting of its shareholders to be held at 11.00 am (SA time) on 2 June 2010.

Resolution 8 seeks shareholder approval to the grant, allotment and issue by the Company of 450,000 options to one of the Company’s directors, Mr Lewis Owens.

The Explanatory Memorandum (attached to the Notice of General Meeting) in relation to Resolution 8 incorrectly states that Mr Owens and his associates do not currently have any share and option holdings in the Company. The current share and option holdings of Mr Owens and his associates are in fact as follows:

Director	Shares	Shares	Options	Options
	Direct	Indirect	Direct	Indirect
Mr Owens	Nil	72,500	Nil	Nil

The share and option holdings of Mr Owens and his associates if Resolution 8 is passed will therefore be as follows:

Director	Shares	Shares	Options	Options
	Direct	Indirect	Direct	Indirect
Mr Owens	Nil	72,500	Nil	450,000

NOTICE OF APPENDIX 3X - CORRECTION AND LODGEMENT OF APPENDIX 3Y

Please find attached an amended Appendix 3X (Initial Director’s Interest Notice) to reflect Mr Owens’ relevant indirect interests in securities of the Company as at 1 April 2010, being the date of his appointment as a director of the Company. The original Appendix 3X lodged on 6 April 2010 incorrectly stated that Mr Owens did not have any relevant interests in securities of the Company.

Please also find attached an Appendix 3Y (Change of Director’s Interest Notice) to reflect the change in Mr Owens’ relevant indirect interests in securities of the Company as a result of the purchase of 62,500 shares in the Company’s recent Share Purchase Plan.

Yours faithfully

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DONALD STEPHENS PETRATHERM LTD COMPANY SECRETARY

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

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.

Name of entity Petratherm Ltd ABN 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	Lewis William Owens
Date of appointment	1 April 2010

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

NIL

Options NIL

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

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 interest Note: Provide details of the circumstances giving rise to the relevant interest. Mr Lewis William Owens & Ms Rosemary Joan Owens	Number & class of Securities 10,000 Ordinary Fully Paid Shares

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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	Mr Lewis William Owens
Date of last notice	5 May 2010(correcting the Appendix 3X lodged on 6 April 2010)

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Lewis William Owens & Ms Rosemary Joan Owens
Date of change	20 April 2010
No. of securities held prior to change	10,000 Ordinary Fully Paid Shares
Class	Ordinary Fully Paid Shares
Number acquired	62,500
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$15,000.00

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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No. of securities held after change 72,500 Ordinary Fully Paid Shares
Nature of change Acquisition of shares in accordance with the
Example: on-market trade, off-market trade, exercise of options, issue of Company’s Share Purchase Plan
securities under dividend reinvestment plan, participation in buy-back
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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.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002