Petaquilla Private Placement Update

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Thu Apr 22, 2010 7:28pm EDT 

  VANCOUVER, BRITISH COLUMBIA, Apr 22 (MARKET WIRE) -- 
Petaquilla Minerals Ltd. (the "Company") (TSX: PTQ)(OTCBB:
PTQMF)(FRANKFURT: P7Z) is pleased to announce that it has been granted an
extension by the Toronto Stock Exchange ("TSX") to May 21,
2010, for the final closing of the private placement of units announced
on March 15, 2010. The Company has received expressions of interest for
the full amount of the offering, and intends to diligently proceed to
closing. Closing is subject to a number of conditions, including final
TSX approval.

    About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is a gold
producer operating its gold processing plant at its 100% owned Molejon
Gold Project in Panama. Anticipated throughput for the project during the
first year of commercial production is estimated to be 2200 tonnes per
day. Commercial production commenced January 8, 2010. The Molejon mine
site is located in the south central area of the Company's 100% owned
842-square kilometre concession lands, a region known historically for
gold content.

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

    Joao C. Manuel, President and Chief Executive Officer

    No stock exchange has approved or disapproved the information contained
herein.

Contacts:
Petaquilla Minerals Ltd.
Joao C. Manuel
President and Chief Executive Officer
(604) 694-0021 or Toll Free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com

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