Petaquilla Private Placement Update

- April 23rd, 2010

Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) reported that the company has been granted an extension by the Toronto Stock Exchange to May 21, 2010, for the final closing of the private placement of units announced on March 15, 2010.

Petaquilla Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) reported that the company has been granted an extension by the Toronto Stock Exchange to May 21, 2010, for the final closing of the private placement of units announced on March 15, 2010.

The press release is quoted as saying:

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 2200 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.

Click here to access the entire press release

Click here to access Petaquilla Corporate Site

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