Petaquilla Copper Ltd.

Petaquilla Copper Ltd.

April 18, 2007 18:00 ET

Petaquilla Copper Ltd. Welcomes Richard Fifer as CEO and Dale Lucas as Chairman of the Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Petaquilla Copper Ltd. (the "Company") is pleased to announce the appointments of Mr. Richard Fifer as the Company's Chief Executive Officer and of Mr. Dale Lucas to the positions of Director and Chairman of the Board.

Richard Fifer is a Panamanian citizen, a former Governor of the Province of Cocle, Panama, and a life-long resident of the Donoso District in the Province of Cocle, where the Petaquilla Project lands are located. In addition, Mr. Fifer was formerly President of Corporacion de Desarrollo Minero (Codemin), Panama's state mining company, and the National Security Advisor to the President of the Republic of Panama.

For more than nineteen years, he has been instrumental in the development of the world-class Petaquilla projects in Panama and in forging the original joint venture alliance with Inmet Mining Corporation and base metal giant Teck Cominco Limited.

Dale Lucas, a resident of Calgary, Alberta, currently serves as a Corporate Director of EnCana Corporation, one of North America's leading natural gas producers. Since 1993, he has consulted internationally on a number of energy-related projects. From 1993 to 1999, he served the maximum 6-year term as a member of the Board of Directors of the New York Mercantile Exchange (NYMEX). He has also held the posts of Chairman of the Alberta Petroleum Marketing Commission in Calgary and President and CEO of BP Pipelines in San Francisco. Mr. Lucas also held senior executive positions in Calgary and in Boston with J. Makowski Associates, a major developer of private power projects in the United States Northeast, and with BP in Calgary and New York City.

Mr. Lucas graduated from the University of Alberta with degrees in Chemical Engineering and Economics. His 45 years of experience in the resources sector include Athabasca Oil Sands mining, and management responsibility for BP Canada's mineral exploration programme.

In accepting his appointment, Mr. Lucas said, "The Minera Petaquilla concessions present a win-win situation for shareholders and for the people of Panama, and I am delighted to have the opportunity to participate in their development."

About Petaquilla Copper Ltd.

Petaquilla Copper Ltd. is a British Columbia company holding a 52% interest in the Petaquilla Copper Project located in north central Panama. The Company's operations are focused on the development of the Petaquilla Copper Project.

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

John Cook, President and Director

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

Contact Information

  • Petaquilla Copper Ltd.
    John Cook
    President and Director
    (604) 694-0021 or Toll Free: 1-877-639-0021
    (604) 694-0063 (FAX)