Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

July 10, 2008 23:00 ET

Dr. Ralph Ansley Resigns From the Board of Petaquilla Minerals Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2008) - Petaquilla Minerals Ltd. (the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) today announced that Dr. Ralph Ansley has resigned from the Company's Board of Directors.

Dr. Ansley has received medical advice to avoid long intercontinental flights and, as he is based in Sydney, Australia, travel to the Company's project site in Panama is, therefore, not recommended. As such, he is no longer able to monitor in person the construction at the Company's Molejon Gold Project.

Dr. Ansley joined the Board of Directors in June 2006 and helped guide the Company through its transition from a junior exploration company to an emerging gold producer. He has made a significant contribution to the progress of the Company and the Company has benefited greatly from his years of experience in the mining construction business. During his term of service, Dr. Ansley has been generous with his time and technical expertise on a host of complex and challenging issues and always worked with the best interests of the Company in mind.

Dr. Ansley and the Company both regret his having to make this decision. However, the Company is pleased that Dr. Ansley has elected to remain with the Company acting in a consultancy role.

The Company wishes to thank Dr. Ansley for his contributions to the growth and success of the Company and looks forward to a continuing relationship with Dr. Ansley as a consultant.

About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is an emerging gold producer scheduled to bring its 100%-owned Molejon Gold Project into production in 2008. Anticipated throughput for the project during the first year of production will be 2200 tonnes per day. 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)