Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

February 20, 2007 19:49 ET

Petaquilla Minerals Ltd.: Michael Levy Retires

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces the retirement of Michael Levy as the President and a director of the Company and as a director of Petaquilla Copper Ltd. Mr. Levy had informed the Board of Directors of the Company in August of 2006 that, due to health reasons and the increasing work load required of the President, he wished to step down. The Board requested at that time that Mr. Levy remain as President and a director until the end of 2006 and is pleased that Mr. Levy remained until now, in order for the Company to identify candidates to succeed him. The Company anticipates the appointment of a new president and chief executive officer in the near future. In the interim period, the Board of Directors has appointed John Cook of Sydney, Australia, as President.

Mr. Levy joined the Board in 2004 and helped to guide the Company through its transition from a junior exploration company to an emerging gold producer.

The Company wishes to thank Mr. Levy for his contributions to the success of the Company and wishes him well.

No stock exchange has approved or disapproved theinformation contained herein.

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