Petaquilla Minerals Ltd.
OTC Bulletin Board : PTQMF

Petaquilla Minerals Ltd.

November 30, 2010 16:00 ET

Petaquilla Minerals Ltd.: Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2010) - Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or the "Company") announces the results of its Annual General Meeting of Shareholders (the "Meeting") held in Vancouver, BC, on November 29, 2010. 

At the Meeting, the following board members stood for election and were duly elected to hold office until the next Annual General Meeting: Raul Ferrer, Richard Fifer, David Kaplan and David Levy. Ernst & Young LLP, Chartered Accountants, was re-appointed as auditor of the Company for the ensuing year and the directors were authorized to fix the remuneration to be paid to the auditor. In addition, the Company's shareholders approved, without amendment, two ordinary resolutions, the first of which approved the Shareholder Rights Plan dated October 18, 2010, and the second of which increased the maximum number of shares that may be issued under the Company's stock option plan from 10,700,000 to 12,500,000.

Following the meeting, Richard Fifer, Petaquilla's Executive Chairman, provided the Company's latest corporate presentation, which is also available for viewing on the Company's website.

No other business was brought before the meeting.

The Company was pleased to see that 49.26% of its outstanding shares were represented at the Meeting and wishes to thank its shareholders for the high voter turnout. 

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. The plant utilizes three ball mills and a carbon-in-pulp processing facility. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometer concession lands, a region known historically for its 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)