PTR MINERALS LTD — Director's Dealing 2011

Oct 27, 2011

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	Mr Richard R Hillis
Date of last notice	th June 20108

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 and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Richard and Belinda Hillis as trustees of theB. M. Hillis Family Trust
Date of change	21st October 2011
No. of securities held prior to change	Direct100,000 Ordinary Fully Paid Shares200,000 Unquoted Options exercisable at$0.97, expiring 25 June 2012Indirect82,500 Ordinary Fully Paid Shares650,000 Unquoted Options exercisable at$0.24, expiring 4 January 2015
Class	Ordinary Fully Paid Shares
Number acquired	120,000
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$15,000

+ See chapter 19 for defined terms.

No. of securities held after change	Direct
	100,000 Ordinary Fully Paid Shares
	200,000 Unquoted Options exercisable at
	$0.97, expiring 25 June 2012
	Indirect
	202,500 Ordinary Fully Paid Shares
	650,000 Unquoted Options exercisable at
	$0.24, expiring 4 January 2015
Nature of change	ParticipationinCompany'sSecurity
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 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

+ See chapter 19 for defined terms.

Part 3 – +Closed period

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

+ See chapter 19 for defined terms.