Petaquilla Update on Production, Exploration and Development
Vancouver, BC – January 29, 2010: Petaquilla Minerals Ltd. (“Petaquilla” or the “Company”) is pleased to
report that, since commercial production commenced on January 8, 2010, at its Molejon gold project in Panama,
it has been producing gold at a running rate of approximately 6,000 ounces of gold per month. As the Company
improves its processes, it is steadily moving towards its goal of annual production of 100,000 ounces of gold.
The Company also announces that, further to its news release of January 4, 2010, regarding gold recovery from
column leach testing, Petaquilla has advanced to Phase 2 of its heap leach project. Phase 2 includes on-site run-
of-mine, large diameter columns testing gold recoveries from different ore types. The Company anticipates
commencing construction of heap leach pads during the 2nd calendar quarter of 2010.
In addition, the Company is advancing an aggressive exploration program on its 100% owned Oro del Norte
concession. This work consists of follow-up soil sampling, rock chip sampling and detailed mapping adjacent to
anomalous areas identified during the 2009 exploration program. A trenching program targeting the initial
geochemical anomalies is planned to commence during the current calendar quarter with drilling anticipated to
commence during the 2nd calendar quarter of 2010.
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 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.
On behalf of the Board of Directors of
PETAQUILLA MINERALS LTD.
Joao C. Manuel