President of Panama Inaugurates Electrical Transmission Line
Constructed by Petaquilla Minerals Ltd.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/28/11 -- Petaquilla
Minerals Ltd. (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) ("Petaquilla" or
the "Company") is pleased to announce that the President of the
Republic of Panama, Ricardo Martinelli, recently inaugurated the
electrical transmission line constructed by the Company's
infrastructure subsidiary, Panama Desarrollo de Infraestructuras,
S.A. ("PDI Panama"), through Petaquilla's community social program.
The power line runs from the Company's Molejon gold mining project to
Los Molejones, the community nearest to the project, and brings
electrical power to the community for the first time.
On December 22, 2011, President Martinelli thanked the Company for
providing Los Molejones with electrical energy. The President stated
that, "Now that the school has electricity, they can have computers
and all the students can access the internet and become a part of
this modern world of science and technology. I am sure this will be
of great benefit to the entire community. I congratulate Petaquilla
for what they are doing. I urge them to continue to expand, to
continue helping the community. I have seen this company develop
responsible mining as well as a great social, environmental and
labour responsibility program and for this reason I am here today to
offer my support to this company which has become the number one
exporter of the Republic of Panama."
Photographs and further information regarding the visit of President
Martinelli can be viewed on the website of the Presidency of the
Republic of Panama at www.presidencia.gob.pa.
About Petaquilla Minerals Ltd.
Petaquilla is a growing, diversified gold producer committed to
maximizing shareholder value through a strategy of efficient
production, targeted exploration and select acquisitions. The Company
operates a surface gold processing plant at its Molejon Gold Project,
located in the south central area of its 100% owned 842 square
kilometre concession lands in Panama - a region known historically
for gold content. In addition, the Company has acquired 100% of the
Lomero-Poyatos project located in the northeast part of the
Spanish/Portug
uese (Iberian) Pyrite Belt and several other
exploration licenses in Iberia.
About Panama Desarrollo de Infraestructuras, S.A.
PDI Panama is a construction company based in Panama offering mining
services (exploration and resource analysis, digital topography and
drilling programs, construction of temporary and permanent camps,
blasting, major earthworks and mining construction), civil
infrastructure, and general construction services, including the
manufacture and sale of construction materials. PDI Panama's goal is
to become a key player in the mining and infrastructure sectors in
the Central American and Caribbean regions.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Rodrigo Esquivel, President
No stock exchange has approved or disapproved the information
contained herein.
Contacts:
Petaquilla Minerals Ltd.
Rodrigo Esquivel
President
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com
-0- Dec/28/2011 21:22 GMT
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