Petaquilla Minerals Ltd.

Petaquilla Minerals Ltd.

January 11, 2005 12:59 ET

Petaquilla's Panama Trenching Program Commences


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PETAQUILLA MINERALS LTD.

TSX SYMBOL: PTQ
OTC Bulletin Board SYMBOL: PTQMF

JANUARY 11, 2005 - 12:59 ET

Petaquilla's Panama Trenching Program Commences

VANCOUVER, BRITISH COLUMBIA and COCLESITO, PANAMA--(CCNMatthews - Jan.
11, 2005) - Petaquilla Minerals Ltd. ("the Company")
(TSX:PTQ)(OTCBB:PTQMF) is pleased to announce that its base camp on the
Company's Molejon Gold Deposit in Panama is operational and crews have
begun surveying and trenching programs.

The topography of the Molejon will be mapped over a much wider area than
what is currently available to the Company. The information gathered
will then be used in the next phase of designing the planned open pit.

It is anticipated that approximately 7,000 meters of trenching will be
completed during this phase of work. The trenching program will allow
the Company to better analyze the metallurgy, particularly the gold
mineralization, occurring at surface. The results will provide
information, which will be used to define the placement of drill holes
during the next phase of advancement towards the feasibility study.

The Company hopes that further analyses of the Molejon Gold Deposit will
substantially increase the current inferred resource of 569,189 ounces
of gold that has been identified on the property. The Molejon deposit
remains open to the north, south and at depth.

On behalf of the Board of Directors of

PETAQUILLA MINERALS LTD.

Richard Fifer, Chairman of the Board


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Petaquilla Minerals Ltd.
    Richard Fifer
    Chairman of the Board
    (604) 694-0021
    (604) 694-0063 (FAX)
    Website: www.petaquilla.com
    No stock exchange has approved or disapproved the information contained
    herein.