Petaquilla Minerals Ltd. is pleased to announce that it has received additional drilling, trenching and surface rock chip assay results from its Tucan Project and the newly identified San Lucas Project both located on its Oro del Norte concession in Central Panama.

As previously announced on August 9, 2010, Petaquilla has commenced its first diamond drilling program on the Tucan Project located in the Oro del Norte Concession. Concurrently, an extensive program of surface rock chip sampling, trenching and detailed mapping continues across the concession.

Diamond Drilling Program

During the third calendar quarter of 2010, Petaquilla continued its diamond drilling program on numerous targets identified by surface geochemical sampling during 2009 and 2010. To date, 29 HQ3 diamond drill holes for a total of 5,310 metres have been completed.