PTR MINERALS LTD — Director's Dealing 2011

Oct 27, 2011

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 Terry Kallis
Date of last notice	8thJune 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		Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Eleni Kallis (wife)
Date of change		21stOctober 2011
No. of securities held prior to change		Direct650,000 Unquoted Options exercisable at$0.32 expiring 30/04/2012750,000 Unquoted Options exercisable at$0.37 expiring 30/04/2013150,480 Ordinary Fully Paid SharesIndirect500,000 Unquoted Options exercisable at$0.24 expiring 4 January 2015.500,000 Unquoted Options exercisable at$0.29 expiring 4 January 2015.
Class		Ordinary Fully Paid Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	120,000
Number disposed
Value/Consideration	$15,000
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	Direct
	650,000 Unquoted	Options exercisable at
	$0.32 expiring 30/04/2012
	750,000 Unquoted	Options exercisable at
	$0.37 expiring 30/04/2013
	270,480 Ordinary Fully Paid Shares
	Indirect
	500,000 Unquoted	Options exercisable at
	$0.24 expiring 4 January 2015.
	500,000 Unquoted	Options exercisable at
	$0.29 expiring 4 January 2015.
Nature of change	Participationin	Company’s	Security
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	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 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade Not applicable to proceed during this period? If prior written clearance was provided, on what date was this Not applicable provided?

• See chapter 19 for defined terms.

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