Petaquilla Minerals Ltd. Schedules Shareholder Webcast

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/26/12 -- Petaquilla Minerals Ltd. (TSX: PTQ) (OTCBB: PTQMF) (FRANKFURT: P7Z) (the "Company") announces that the Company will host a shareholder webcast to discuss its preliminary fiscal 2012 third quarter results, to provide guidance for the last quarter of fiscal 2012, and to provide a business update.

The webcast will take place on Thursday, March 29, 2012, at 10:00 a.m. Pacific/1:00 p.m. Eastern and is expected to last approximately 30 minutes. The call will include a presentation by Richard Fifer, the Company's Executive Chairman, and shareholder questions will be addressed. To ensure that shareholder questions may be fully answered, please submit all questions by 5:00 p.m. Pacific/8:00 p.m. Eastern, Tuesday, March 27, 2012, so they may be grouped into general categories and addressed as time permits. To submit a question, please email info@petaquilla.com or fax to (604) 694-0063.


Shareholders and investors are invited to listen to the Company's presentation by phone or audio webcast.

By Phone: Dial toll-free 1-800-319-4610 in Canada and the USA. Outside of Canada and the USA, dial +1-604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time.

A telephone replay will be available through April 29th by dialing toll-free 1-800-319-6413 in Canada and the USA followed by access code 2115#. Outside of Canada and the USA, dial +1- 604-638-9010 and use access code 2115#.

By Webcast: Visit https://services.choruscall.com/links/petaquilla120329.html. Please log in at least 10 minutes in advance to register and download any necessary audio software. A replay of the audio webcast will be available through April 29th.

Questions: Questions for senior management to address during the call should be submitted via email to info@petaquilla.com or faxed to (604) 694-0063 by 5:00 p.m. Pacific/8:00 p.m. Eastern, Tuesday, March 27, 2012.


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/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.


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

Richard Fifer
Executive Chairman


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



Contacts:

[wp=323]Petaquilla Minerals Ltd.
Richard Fifer
Executive Chairman
604-694-0021 or Toll Free: 1-877-694-0021
(604) 694-0063 (FAX)
info@petaquilla.com
www.petaquilla.com