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Correction From Source: Petaquilla Announces Normal Course Issuer Bid


July 9, 2012 - VANCOUVER, BRITISH COLUMBIA

Petaquilla Minerals Ltd. (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) (the "Company") announces a correction to its press release of this morning at 8:53 a.m. (Eastern Time), entitled "Petaquilla Announces Normal Course Issuer Bid" (the "News Release").

In the first paragraph of the News Release, the Company announced it had filed a notice with the Toronto Stock Exchange for, and received its approval to make, a Normal Course Issuer Bid permitting the Company to purchase up to 17,000,000 common shares ("Shares"), representing approximately 4.7% of its public float. The correct percentage is 7.9%, rather than 4.7%.

All other content of the News Release remains unchanged.

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.

Joao C. Manuel, Chief Executive Officer

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

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

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