Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

November 28, 2008 13:45 ET

Petaquilla Minerals Ltd.: Wet Commissioning of Molejon Initiated and Environmental Impact Study Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2008) - Richard Fifer, President and CEO of Petaquilla Minerals Ltd. (the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z), today announced that the wet commissioning of the gold production facility at the Company's 100% owned Molejon gold deposit in central Panama has begun. The ball mills and other critical equipment are now being tested prior to the commencement of production. The first gold pour has been scheduled for the latter half of December 2008.

The Company also reports that the National Authority of the Environment (ANAM) on November 26, 2008, issued Resolution DIEORA IA-809-2008, which approves the Environmental Impact Study Category III, submitted by Petaquilla Gold, S.A., for the implementation of the Molejon Mining Project and adds other measures mandated by the ANAM.

The next step in the preproduction process is the electro-mechanical operation of the plant which is scheduled for early December. The Company will update shareholders on a regular basis as the full commissioning date approaches.

About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in the latter half of December 2008. Anticipated throughput for the project during the first year of production will be 2200 tonnes of ore per day with an estimated gold production of 100,000 ounces. The plant will utilize three ball mills and a carbon-in-pulp processing facility.

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

Richard Fifer, President and Chief Executive Officer

No stock exchange has approved or disapproved the information contained herein.

Contact Information

  • Petaquilla Minerals Ltd.
    Richard Fifer
    President and Chief Executive Officer
    (604) 694-0021 or Toll Free: 1-877-694-0021
    (604) 694-0063 (FAX)