August 21st, 2010

IMPORTANT NEWS

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Due to the spreading of unfounded rumors based on hypothetical accidents and tank ruptures and / or tubs at the Molejón Project, we must report the following:

1. No tank has suffered any kind of mishap, much less a break. We’re talking about heavy gauge metal tanks, which by basic principles of physics, would require a great force to break any of its walls holding water, fuel or any other fluid.

2.
2. Each facility in which we have tanks, the same are protected by a contingency tub, which, by itself, has a 110% capacity to store the fluids from tanks, that is, if we open the tank valves, emptying them would not exceed the level of those tubs. We also have large tubs for emergencies, which are connected with all the other vats and with a 110% capacity of the total amount of liquids found in the local basins thus offering a final emergency containment capacity of 121% of those fluids

3. Our project also has two large tailing tubs in which we deposit all the material from leaching processes in other words, in those tubs the rocky and clay tailings material accumulates and takes the gold and silver, along with the fluids that are no loner used in the leaching process. leaching processes. These tubs have never registered, even following rain, a critical level and this is so, because they have been built with a capacity, based on studies of the characteristics of precipitation in the region over the last 100 years, so, rain fall at this time has not even set the critical level of the tub or let alone surpassed it.

4. Each time we record heavy rains, unscrupulous and irresponsible people are given the task of misinforming the local media and that a rupture has occurred or an overflow and that there is a presence of chemicals, which are not used in this project, Which is why our company, like any modern day responsible mining company, is always prepared to take whatever steps necessary at the site of the project, This includes decreasing the rate of production, as long as there is heavy rains to allow the tubs to fulfill their missions.

5. We have the capacity and also report, that we are about to finalize the construction of a third tub of tailings, which guarantees greater tailings storage capacity and rainfall, which is directly
related to our production.

6. Finally, we report that the competent environmental and mining authorities, such as ANAM and DG Mineral Resources MICI, still routinely perform the monitoring of all our processes and the water quality of water sources surrounding the project, having certified correct and proper handling by Petaquilla Gold of the industrial processes.
Given in the city of Penonomé at 20 days of August 2010.
Engineer Carlos Salazar
Official spokesman of Petaquilla Gold.

image In commemoration of the foundation of the city of Nata de los Caballeros, one of the primary cities of the Pacific, the Mayor of the Nata de los Caballeros district gives homage of “Guest of Honor” to Richard Fifer, father of modern mining in Panama through Petaquilla. In this photograph you can see Doctor Leonel Arosemana, assigned by Richard Fifer who has been recognized for his important and constant support to the development of the region, not only in mining, but also through the La Castilla de Oro project which has started to change the image and tourist projections of the central provinces. Dr. Arosemana, key player in the social and community activities of the Petaquilla Foundation, receives from Magistrate Mereci Morales, Honorable Mayor of Nata de los Caballeros on behalf of Richard Fifer.

For Vielka Montenegro Effio
An increase in the mining sector in relation to previous years is reflected in the statistics provided by the Comptroller General of the Republic. This will lead to better job opportunities, said the Director General Mineral Resources Ministry of Trade and Industry, Alfredo Burgos. Burgos noted that the 104 percent increase in this sectoris due to the amount of concession request which involve a 4 million dollar investment in the country, followed by the rubric of mines and quarries an increase of 65 percent noted that it is the second year of growth. Last year, mining had an increase of 67 percent.
Burgos explained that the Director of Mineral Resources has granted concessions, both extraction and exploration, for about 6% of the country.
He adds that this year there were a total of 46 mining concessions for metal mining such as gold, silver, copper and manganese, and 83 for non-metallic sand, clay, limestone and quarry stone production. These concessions have generated approximately 2000 jobs in the sector. On the other hand, Burgos stressed that the mine in Remance Veraguas began in 1991, 2.2 million dollars from gold and silver, which caused an increase of 100 percent, compared to the previous year when production started. . .
Finally, Burgos noted that the increase in mining benefits many Panamanians, generating sources of employment and contributes to development of rural areas, with the construction of roads and the advent of electricity to these remote regions.

Petaquilla Minerals Ltd.
TSX: PTQ
OTC Bulletin Board: PTQMF
FRANKFURT: P7Z
Petaquilla Minerals Ltd.

Nov 18, 2009 09:25 ET

 

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 18, 2009) – Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") is pleased to announce that the Government of the Republic of Panama has granted approval for Petaquilla’s Molejon gold mine to advance to the commercial production stage.

In accordance with Contract Law No. 9 of February 26, 1997, the Ministry of Commerce and Industry of the Government of Panama issued a letter to the Company dated November 18, 2009, authorizing Petaquilla’s subsidiary, Petaquilla Gold, S.A., to initiate commercial production at its Molejon gold mine located in the District of Donoso, Province of Colon, Republic of Panama.

The Government of Panama highlighted that Molejon will be the country’s first mining project of modern times and encouraged the Company to maintain its highest standards of responsible mining as it leads the way to a socially and environmentally conscious mining industry in Panama.

The Molejon gold mine is currently in its final stages of full commissioning. Since testing of production commenced resulting in the Company’s first gold pour on April 7, 2009, the mine has produced a total of 25,699 ounces of gold.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is an emerging gold producer commissioning the operation of its gold processing plant at its 100% owned Molejon Gold Project. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. The plant utilizes three ball mills and a carbon-in-pulp processing facility.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Petaquilla Gold in Panama

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Petaquilla Gold, SA
INFORMS THE COMMUNITY
IN GENERAL THAT:
In fulfilling its duties and responsibilities established by  law, The National Bureau of Mineral Resources on one hand and National Environmental Authority on the other, as a result of its monitoring program of the Molejón Mining Project PETAQUILLA GOLD, SA, stating the proper management of cyanide in the production process of gold and in compliance with the mitigation measures of mining projects, evidence of this, the certifications below:

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MARIO A. MUÑOZ
After a study from the University of Panama (UP) reveals that there are high levels of faecal streptococci in the river Farallon de Cocle the governor of that province, Richard Fifer, said that this tributary is a
priority in the fight to end the pollution caused by water black in the district of Antón.
To prevent further contamination in that and other rivers in the province as well as discharges from septic tanks, this year the group is developing an economic and technical feasibility study , whose investment is 2.3 billion dollars, with the purpose of building sewers, Fifer said.  They are also regarded as polluted rivers, the Anton Chico and Rio Hato.
With regard to pollution of Farallon, is dangerous in the waters the river, and at certain points during low tide, extends into a certain area the sea, we estimate, based on studies we have done, 300 to 400 meters, " 
Fifer explained that although there has been the presence of contaminants in these areas, this does not mean that bathing in front of the Hotel Plaza Paitilla Inn is as same as swimming in the Causeway, said the governor as a comparison. "Our tests show that the pollution level of concern is within the same waters of the river, and refers to wastewater that cause only about 30 houses that have septic tanks and that when it rains tend to exceeded, slip through the land and make a natural filter, "he said. Barcelo Group of Spain, through the company Developemt Resort Farallon is scheduled to open its doors in October 2002 along this river. However, it is expected that by that time the problem of sewage is fixed in this sector of tourist attractions in the province.
According to that report issued on July 5, 2001, six samples seawater and river that were analyzed, four of which were high in fecal streptococci levels above the permissible levels for waters
recreational, according to the rules of the Pan American Health Organization (PAHO).
For his part, Director of Environmental Quality ANAM, Bolivar Perez explained that many rivers in the republic are affected by pollution septic tanks, which have a certain shelf life and are designed for certain user capacity. The problem is not receiving the proper maintenance, which consists of suction of fecal material by some companies involved in this trade.
According to Perez, it’s time for lack of maintenance overflow, because they have served their useful life and its load has exceeded the limit.

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Friday June 9, 2000
El Panama America
Irasema Muñoz
Cocle – El Panama America
AMUC presents a model for tax collection
Members of the association coordinated strategies so that through services such as Edemet IDAAN-EDECHI rates are charged.
The municipalities engaged with the Association of Municipalities Cocle (AMUC), presented the Intermunicipal Council a model for elective collection, allowing for timely collection of garbage and waste

It was noted that the municipalities perform the collection along with the license plate fee. It was mentioned that municipalities charge for the collection parallel with the license plates fees, and this has caused unrest among the users.
The license fee and registration of the plates are checked in Panama and San Miguelito, so few car owners withdraw their plates in the respective municipalities, a situation that affects the funds of the municipality.
In this respect, the governor of the province of Cocle, Richard Fifer, said he has talked with the company Edemet-EDECHI and the Institute of Aqueducts and Sewage Systems (IDAAN), which has the database of users of these services in order to establish a system of tax collection through their receipts.
Fifer said that in the last five months they have developed a working model that includes financial elements, a technical critique and an effective collection strategy.
Also specifies that a contract was drawn up requiring a letter of commitment and a financial guarantee from the private banking sector and all municipalities, which will be completed with the approval of a project that in its first phase, will require a feasibility study that would take 9-12 months.
In the opinion of the authority, less than 30% of users pay the of garbage collection services fee which in turn represents a deficit for each municipality.
Fifer said, the value of this project is approximately US$15 million, however, warned that there are many conditions that must be studied and what is required is a guarantee for this process and not for the project.
AMUC learned that members approved a resolution asking the Minister of Government and Justice, Winston Spadafora and the chairman of the board of the Transit Authority for the implementation of a law governing the issuing of license plates in the municipality where the vehicle owner resides.
The application seeks to generate economic growth for the municipalities of this province, which it currently does not earn.
On that note, the Mayor of Nata, Ivis Navarro stressed that this alternative would represent a valuable increase for municipalities that have no income.

 

Petaquilla Highlights Financial and Operating Performance

VANCOUVER, BRITISH COLUMBIA, Apr 27, 2010 (MARKETWIRE via COMTEX) — Petaquilla Minerals Ltd. ("Petaquilla" or the "Company")(CA:PTQ 0.51, -0.08, -13.56%)(PTQM.F 0.52, -0.08, -12.69%)(FRANKFURT: P7Z) announces its gold production in Q3 2010 increased by 3,274 ounces or 31% over Q2 2010. As a result of this production increase, together with reductions in operating costs, cash costs were reduced to US$637 per ounce on a by-product basis, down 33.6% from US$960 per ounce in Q2 2010. Gross margin from the sale of gold in Q3 2010 amounted to $4.7 million.

Similarly, in line with the above performance, administrative and other expenses for the nine months ended February 2010 were reduced by US$3.6 million or 26% to US$10.3 million compared to US$13.9 million for the nine months ended February 2009.

The Company is also pleased to announce that it has poured approximately 6,500 ounces of gold during the initial four pours of the current month of April and, as a result, is targeting cash costs in the mid-US$500 per ounce range for the month.

In addition to the recurrent gold production process operation and for the second phase of the Company’s heap leach project, Petaquilla initiated the construction of an on-site test facility to determine the recoverability of the different ore types and particle sizes for the planned heap leach operation expected to commence during the first calendar quarter of 2011. The Company anticipates the heap leach operation will generate an additional 50,000 ounces of gold annually.

Simultaneously, the Company advanced its exploration work at its 100% Oro del Norte concession, moving from initial superficial rock chipping and sampling activities, as disclosed in the Company’s news release of December 14, 2009, to a trenching and drilling program with a professional crew working onsite since early March. The Company will provide regular updates on the respective results.

About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company’s 100% owned 842-square kilometre concession lands, a region known historically for gold content.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

April 21st, 2008

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