Petra Mining Limited - Trading statement

Petra Mining Limited - Trading statement                                        
Petra Mining Limited                                                            
Incorporated in the Republic of South Africa                                    
Registration Number 1972/001062/06                                              
Share Code: PET          ISIN: ZAE000010237                                     
("Petmin", "the company" or "the group")                                        
TRADING STATEMENT                                                               
In terms of the Listing Requirements of the JSE Limited, shareholders are       
advised that Petmin expects that earnings per share and headline earnings per   
share for the year ended 30 June 2005 will be between 16.00 and 19.00 cents per 
share, compared to the forecast earning per share and headline earnings per     
share of 0.16 cents per share as published in the revised listing particulars   
dated 27 August 2004.                                                           
The primary cause of this increase is the accounting treatment of the           
acquisition of SamQuarz (Pty) Ltd, which was completed during the current       
financial year, under IFRS. The acquisition resulted in a fair value adjustment 
to the group"s income statement that caused an increase in the group"s earnings 
per share and headline earnings per share. The group"s preliminary results for  
the year ended 30 June 2005 will be published before the end of September 2005. 
The financial information on which this trading statement is based has not yet  
been reported on by the company"s auditors.                                     
Pretoria                                                                        
14 September 2005                                                               
Sponsor: River Group                                                            
Date: 14/09/2005 07:30:01 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department