Petmin Limited - Trading Statement

Petmin Limited - Trading Statement                                              
PETMIN LIMITED                                                                  
(Formerly 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 AND UPDATED RESERVE AND RESOURCE STATEMENT                    
Shareholders of Petmin are hereby advised that headline earnings per share for  
the half year ending 31 December 2005 are expected to be approximately 2,34     
cents per share, up from 1,12 cents per share for the six months ended 31       
December 2004, an increase of 109%. Basic earnings per share for the half year  
ending 31 December 2005 are expected to be approximately 17,64 cents per share, 
up from 14,9 cents per share for the six months ended 31 December 2004, an      
increase of 18%. The difference between the headline and basic earnings per     
share is predominantly due to negative goodwill generated on the acquisition of 
subsidiaries.                                                                   
The increase is as a result of a full six months of Samquarz (Pty) Ltd being    
included in the consolidated results (2004: 3 months included) and one month of 
Springlake Holdings (Pty) Ltd being included in the results and the benefits    
derived there from.                                                             
The reviewed financial results for the half-year ended 31 December 2005 are     
expected to be published before 28 February 2005 and shareholders are           
accordingly requested to be aware of the above facts when dealing in their      
shares until publication of the financial results. The information on which the 
above trading statement is based has not been reviewed by the Companys Auditors.
Updated reserve and resource statement                                          
Petmin is pleased to announce that the successful drilling campaign has yielded 
the expected additional proven reserves in Area 1 of the Somkhele project. The  
updated reserve and resource statement as reported by Snowden Mining Industry   
Consultants is compliant with the SAMREC CODE, is available at the company"s    
office for inspection and can be summarised as follows:                         
Anthracite Reserves for Somkhele Area 1                                         
Reserve         Mining     Mineable  Extraction   ROM      Practical   Sales    
Classification  Method     in situ   (%)          Tonnes   Yield       Tonnes   
tonnes                (Mt)     (%)         (Mt)        

                         (Mt)                                                   
Proved          Opencast   9,820     95           9,329    68,6        6,400    
Probable        Opencast   13,254    95           12,591   68,6        8,638    
Total           Opencast   23,074    95           21,920   68,6        15,037   
The above proven reserves, together with the previously reported proven reserves
for Area 2 of 2.349 million ROM tonnes, now give a combined 11,678 million ROM  
tonnes .The above probable reserves, together with the previously reported      
probable reserves for Area 2 of 4,647 million ROM tonnes, now give a combined   
17,901 million ROM tonnes.                                                      
Snowden further reported that "Snowden has identified significant improvements  
in phosphorous in coal from 225 ppm (Snowden, 2005) to 140 ppm within the       
measured resource."                                                             
The total measured, indicated and inferred resource is in excess of 51,196      
million tonnes. The proven reserves are sufficient for twelve years production  
at a full production capacity of 950 000 ROM tonnes per annum or in excess of 20
years production at the initially planned mining rate of 500 000 ROM tonnes per 
annum                                                                           
Pretoria                                                                        
6 February 2006                                                                 
Sponsor                                                                         
River Group                                                                     
Date: 06/02/2006 09:23:44 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department