Petaquilla Minerals Ltd.

Petaquilla Minerals Ltd.

February 25, 2005 20:39 ET

Petaquilla Addresses Press Reports


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PETAQUILLA MINERALS LTD.

TSX SYMBOL: PTQ
OTC Bulletin Board SYMBOL: PTQMF

FEBRUARY 25, 2005 - 20:39 ET

Petaquilla Addresses Press Reports

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 25, 2005) - Petaquilla
Minerals Ltd. ("the Company")(TSX:PTQ)(OTCBB:PTQMF) has responded to
news reports in Panama that Richard Fifer, Chairman and CEO of the
Company, is being investigated for alleged irregularities while Governor
of Cocle Province, Panama.

The Company has retained independent legal counsel in Panama to
investigate the allegations against Mr. Fifer.

The Company has been informed that there are no outstanding warrant
orders, charges or arrest orders for Mr. Fifer, despite what some
newspaper articles are currently reporting.

The Board of Directors assures all stakeholders that it will continue to
seek additional information and will act decisively and promptly if
further action is warranted.

On behalf of the Board of Directors of

PETAQUILLA MINERALS LTD.

"Kenneth W. Morgan"

Kenneth W. Morgan, CFO and Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Petaquilla Minerals Ltd.
    Kenneth W. Morgan
    CFO and Director
    (604) 694-0021
    (604) 694-0063 (FAX)
    www.petaquilla.com
    No stock exchange has approved or disapproved the information contained
    herein.