Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

January 29, 2007 17:12 ET

Petaquilla Rescinds San Juan Option Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 29, 2007) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FWB:P7Z) announced today that on Thursday, January 25, 2007, the Board of Directors of the Company resolved to rescind the agreement with Revelstoke Industries, Inc., with respect to the exploration and development of the San Juan Concessions in Panama. The San Juan Property is adjacent to the Company's Molejon Gold Project and Petaquilla Copper Ltd.'s Petaquilla porphyry copper project in west central Panama.

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