Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

March 15, 2007 22:00 ET

Petaquilla Minerals Ltd.: Change in Year End

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Petaquilla Minerals Ltd. ("the Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that the Company intends to change its financial year from January 31 to April 30. On October 18, 2006, the Plan of Arrangement between the Company and Petaquilla Copper Ltd. became effective. The Company and Petaquilla Copper share many common facilities in Panama and collectively undertake the construction of roads and other infrastructure. Due to the complexity of the Plan of Arrangement, the Company requires more time to ensure accuracy of its financial plan information, allocations between the Company and Petaquilla Copper Ltd. as well as for audit preparation.

The Company has filed the Notice required by Section 4.8 of National Instrument 51-102, and such Notice is filed on

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

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