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Petaquilla Announces Commissioning of Molejon Gold Plant Expansion
Published : November 27, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2012) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (News - Market indicators)(OTCBB:PTQMF)(FRANKFURT:P7Z) is pleased to announce that the expansion of its Molejon gold plant will be 100% complete this week. The plant expansion is currently 85% complete and has reached commercial production status with the expansion components presently operating at 70% of design capacity. The remaining plant adjustments to be made during the week will bring the expansion to full operational capacity. 

As part of the Company's strategy to increase gold production at its Molejon mine, a fourth ball mill has been installed, along with two additional LIX tanks, two additional carbon-in-pulp tanks, a third thickener, another liner screen, and a second electro-winning circuit.

Petaquilla anticipates the commissioning of this new equipment will enhance plant throughput capacity at Molejon by 1,100 tonnes per day and increase production capacity by approximately 30%.

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 Panama - a region known historically for gold content. In addition, the Company has exploration operations at its wholly-owned Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

Disclaimer. Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might", "will" or "are projected to" be taken or achieved) are not statements of historical fact, but are forward-looking statements.

Forward-looking statements relate to, among other things, the estimation of mineral resources and the realization of mineral resource estimates; all aspects of the development and future operation and production of the Molejon gold mine and the development of other deposits; the outcome and timing of decisions with respect to whether and how to proceed with such development and production; the timing and outcome of any such development and production; estimates of future capital expenditures; estimates of permitting time lines; statements and information regarding future feasibility studies and their results; production forecasts; future transactions; future metal prices; the ability to achieve additional growth; future production costs; future financial performance, including the ability to increase cash flow and profits; future financing requirements; and mine development plans.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of the Company contained or incorporated by reference in this news release, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, political change, protests by native or environmental groups, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at the Molejon gold mine and other deposits being consistent with the Company's current expectations; prices for gold and silver and costs of labour and supplies being consistent with expectations; and the accuracy of the Company's current mineral reserve and mineral resource estimates.

A variety of inherent risks, uncertainties and other factors, many of which are beyond the Company's control and may be known or unknown, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include fluctuations in the price of gold and silver; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company's ability to obtain and maintain all necessary regulatory approvals and licenses; the Company's ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company's ability to develop its deposits; the Company's ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company's ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company's interests in its property and mineral rights; and current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; and general economic conditions worldwide.

Forward-looking statements speak only as at the date of this document. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Lazaro Rodriguez, Chief Operating Officer

NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

Petaquilla Minerals Ltd.
Lazaro Rodriguez
Chief Operating Officer
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com
Data and Statistics for these countries : Panama | All
Gold and Silver Prices for these countries : Panama | All
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Petaquilla Minerals Ltd.

PRODUCER
CODE : PTQ.TO
ISIN : CA7160131073
CUSIP : 716013107
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In the News and Medias of Petaquilla Minerals Ltd.
8/23/2010Panama Gold
12/26/2007Petaquilla VP Speaks About His Company
Annual reports of Petaquilla Minerals Ltd.
2008 Annual Report
2007 Annual Report
Financings of Petaquilla Minerals Ltd.
11/21/2013Closes Private Placement Financing
2/1/2011Shareholders Approve Private Placement to Pay Out Notes
1/10/2011Closes $32M Private Placement to Pay Out Notes
12/21/2010Petaquilla Min. shareholder approval of $32 M private placem...
11/24/2010Petaquilla Min. private placement of 30,000,000 units at a p...
3/15/2010Private Placement Financing
12/15/2009Closes Private Placement Financing
11/30/2009Private Placement Financing
4/4/2009ANNOUNCES WARRANTS TO BE RE-PRICED IN CONNECTION WITH PREVIO...
Option Grants of Petaquilla Minerals Ltd.
11/13/2010Petaquilla Minerals Ltd.: Repricing of Stock Options
Nominations of Petaquilla Minerals Ltd.
1/31/2013Welcomes Don Cristobal Colon de Carvajal to its Board of Dir...
1/27/2012Welcomes Pedro Pablo Permuy to Its Board of Directors
12/3/2010appointment of Mr. Ezequiel Sirotinsky as Chief Financial Of...
12/23/2008Appoints Chief Operating Officer
9/4/2008(Molejon Gold Project)Appointment of New Mine Manager at Molejon
Financials of Petaquilla Minerals Ltd.
12/17/2012Announces Preliminary Second Quarter Results of Fiscal 2013
9/19/2012Announces Preliminary First Quarter Results of Fiscal 2013
7/3/2012Announces Preliminary Fourth Quarter and Annual Results of F...
12/20/2011Reports Preliminary Second Quarter Results and Announces Sha...
Project news of Petaquilla Minerals Ltd.
5/14/2013Ltd=2E Commences Mine Access Ramp Construction at its Lomero...
1/16/2013Reports 12% Increase in Production, 14% Increase in Revenues...
10/11/2011(Molejon Gold Project)Responsible Mining Documentary on the Molejon Gold Project
4/5/2011(Molejon Gold Project)President and Vice-President of Panama Visit Molejon Gold Pr...
3/1/2011(Molejon Gold Project)Infrastructure Subsidiary Increases Capacity
10/25/2010(Molejon Gold Project)Announces Additional Exploration and Drilling Results From I...
10/19/2010(Molejon Gold Project)Petaquilla Production Update
11/18/2009(Molejon Gold Project)Panamanian Government Authorizes Commercial Production at Mo...
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12/31/2012Enters US$140 Million Loan Facility
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11/12/2012Announces Finalization of Mining Rights for Lomero-Poyatos
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10/4/2012Moody's Assigns Caa1 CFR to Petaquilla Minerals Ltd.
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4/17/2012Gold, S.A. Receives ICMI Certification
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3/27/2012Schedules Shareholder Webcast
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8/15/2011Environmental Impact Study of Lomero-Poyatos
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1/29/2010Update on Production, Exploration and Development
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12/10/2009Annual General Meeting of Shareholders
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TORONTO (PTQ.TO)FRANKFURT (P7Z.F)
0.080-5.88%0.059-6.35%
TORONTO
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10/22 15:57 -0.010
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