Petaquilla Minerals Ltd. (fka PTQMF)

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The Company anticipates that PDI Panama will play a key role in unlocking the greater value of the Molejon gold resource by further reducing overall mining costs. PDI Panama intends to purchase earth moving equipment and a second mobile crusher to double its capacity to extract from the Molejon mine large volumes of construction-grade aggregate, a marketable product for infrastructure works. PDI Panama's extraction of aggregates will also allow the Company to mine additional gold ounces at depth and its increased earth-moving capability will assist the Company with the construction of its heap leach gold project.

In addition, PDI Panama is advancing its Petarcilla clay project, which focuses on the manufacture of construction materials, such as high strength construction bricks, with Molejon as its source for material. This initiative will also contribute to maximizing the value of the Molejon pit by consuming the tailings byproduct of gold mining and adding longevity to the Company's operations. PDI Panama will also be able to offer the Company construction materials