Petrominerales Proved Plus Probable Reserves Additions Replace 153% of 2010 Production

Petrominerales Ltd. (TSX:PMG) announces proved plus probable reserves of over 60 million barrels of oil as at December 31, 2010.

The press release is quoted as saying:

Petrominerales is a Latin America-based exploration and production company producing oil in Colombia with 15 exploration blocks covering a total of 2.0 million acres in the Llanos and Putumayo Basins and five exploration blocks in Peru covering a total of 9.5 million gross (5.4 million net) acres in the Ucayali and Titicaca Basins.

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