Petaquilla Minerals Ltd. (fka PTQMF)

[Progafa]

I had a good lunch today with one of the parties we are working with to see if we can sort something out. He said something very true. FQ still runs a huge risk if they dont just take out PTQ or at least have a friendly and prosperous working relationship. If PTQ goes ahead with the "heap leach dream" there would be huuuge risk for FQM with regards to any possible contamination as a result of the process. It could have devastating conseguences for FQM and there 7B project. If something like that were to happen it would be game over for all the mining operations at the MP facilities. I can assure you of that.

So we need to focus on having a plan B which restructures the entire BOD and top executives. We also need to wait and see who the new Minister of Commerce is, as we would need their buy in with whatever we decide to do. We are gathering names of potential BOD members, which should include someone with strong financial banckground and good relationships in the banking sector in Panama. We will also continue conversations with several families with significant share holdings in PTQ. They have vast networks of contacts and their family offices are willing to help and guide us in any process.

GI is already in contact with me and we will continue collaborating. If any others want to join efforts please write me at my personal email [e-mail]