Petaquilla Copper Ltd.
TSX : PTC

Petaquilla Copper Ltd.

November 26, 2008 17:00 ET

Petaquilla Copper Shareholders Approve Acquisition of Remaining Shares by Inmet

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Petaquilla Copper Ltd. (TSX:PTC) announced today that it has received shareholder approval for a plan of arrangement under which Inmet Mining Corporation will acquire all of the outstanding Petaquilla Copper common shares not currently held by Inmet (approximately 5 percent of the issued and outstanding shares). Under the terms of the arrangement, the remaining shares will be acquired by Inmet for $2.20 per common share, the same consideration paid under Inmet's offer for Petaquilla Copper's shares that expired on September 19, 2008. Petaquilla Copper's application to the Ontario Superior Court of Justice to obtain the final order approving the arrangement is scheduled for Friday, November 28, 2008 and the arrangement is expected to become effective shortly after receipt of the final order.

Petaquilla Copper shareholders who have not yet delivered their share certificates and a letter of transmittal to Computershare Investor Services Inc. at its Toronto, Ontario office must do so in order to receive payment for their shares following the effective date of the transaction.

This press release is also available at www.petaquillacopper.com.

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