Petaquilla Minerals Ltd.
TSX : PTQ
OTC Bulletin Board : PTQMF
FRANKFURT : P7Z

Petaquilla Minerals Ltd.

November 12, 2010 22:00 ET

Petaquilla Minerals Ltd.: Repricing of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2010) - Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) (the "Company") announces that it has amended the option price of an aggregate of 810,262 outstanding common share purchase options expiring January 15, 2012, from CAD$2.01 to the new option price of CAD$1.05 per common share, subject to approval by the Toronto Stock Exchange.

No insiders of the Company hold any of the repriced 810,262 outstanding share purchase options.

About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2,200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometre concession lands, a region known historically for gold content.

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

Richard Fifer
Executive Chairman of the Board

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

Contact Information

  • Petaquilla Minerals Ltd.
    Richard Fifer
    Executive Chairman of the Board
    (604) 694-0021 or Toll free: 1-877-694-0021
    (604) 694-0063 (FAX)
    www.petaquilla.com