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Petra Mining Limited - Cautionary Announcement                                  
PETRA MINING LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1972/001062/06)                                            
Share code: PET      ISIN: ZAE000010237                                         
("Petmin" or "the Company")                                                     
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that negotiations are in progress which, if            
successfully concluded, may have a material effect on the price of the Company"s
shares.                                                                         
Accordingly, shareholders are advised to exercise caution when dealing in their 
Petmin shares until a further announcement is made.                             
15 November 2005                                                                
Johannesburg                                                                    
Sponsor                                                                         
RIVER GROUP                                                                     
Date: 15/11/2005 11:55:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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