www.petaquilla.com

The   statements   contained   in   this  presentation   that   are  not  purely  historical  are   forward-­‐looking   statements.    

Forward-­‐looking   statements   may   relate   to   the   success   of   any   of   the   Company's   strategic   initiatives,   the  

Company's  expectations,  beliefs,  growth  and  future  prospects,  and  the  Company's  position  in  the  market  and  

future  opportunities  therein.    Forward-­‐looking  statements  may  also  include,  without  limitation,  any  express  or  

implied  statement  relating  to  future  events,   industry  performance,  general  business  and  economic  conditions  

or  circumstances,  regulatory  and  legal  requirements,  and  other  matters,  many  of  which  are  beyond  the  control  

of  the  Company.    Forward-­‐looking  statements  involve  risks  and  uncertainties,  which  could  cause  actual  results  

to   differ   materially   from   those   projected.     All   forward-­‐looking   statements   included   in   this   presentation   are  

based  upon  information  available  to  the  Company  as  of  the  date  hereof  and  the  Company  does  not  undertake  

any   obligations   to   update   forward-­‐looking   statements   should   circumstances   or   management's   beliefs   or  

opinions  change.  

Petaquilla  Minerals  Ltd.    

FORWARD  LOOKING  STATEMENTS  

2

PROJECT  LOCATION    Republic  of  Panama  

Population   3.36  Million  Size     75,517  Sq.  Km.  Currency     US  Dollar  GDP  2008     $42.5  Billion  HDI  2007     0.84              (Ranked  58th)  High    International  Business  Centre!    Fastest  Growing  Economy  and  Largest  Per  Capita          Consumer  in  Central  America!  

3

Oro del Norte Exploration

Inmet $4.2 Billion Investment

Molejon Gold Project

PETAQUILLA  MINERALS  LTD.  

PETAQUILLA  MINERALS,  S.A.  (Exploration  Programs)  

PETAQUILLA  GOLD,  S.A.  (Gold  Plant  Operations)  

PANAMA  DEVELOPMENT  OF  INFRASTRUCTURE,  S.A.  (Infrastructure  Activities)  

PDI  

CORPORATE  STRUCTURE  

4

AZUERO  MINING,  S.A.  (49%  Ownership)  

PETAQUILLA MINERALS (PTQ) VALUE DRIVERS

Current Gold Producer More than 8 Months of COMMERCIAL PRODUCTION

(January 8, 2010)

Panama Development of Infrastructure, Ltd. Spin-Out Work in progress.

Oro del Norte exploration program At present has 3 Rigs drilling on site

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Petaquilla  Signs  a  $45MM  Prepaid  Forward  Gold  Purchase  Agreement  with  Deutsche  Bank.  

The  facility  is  a  forward  contract  to  deliver  68,243  ounces  of  Au  over  a  five  year  term.  

o562  ounces  per  month  the  first  8  months  

o1,125  ounces  per  month  the  following  11  months  

o1,503  ounces  per  month  the  following  24  months  

o900  ounces  per  month  the  last  17  months  

 

PTQ  FINANCIAL  UPDATE  (News  Release  August  19,  2010)  

6

As  at  August  10,  2010:  

ISSUED  AND  OUTSTANDING      125,281,951  

WARRANTS  OUTSTANDING            34,888,447  

OPTIONS  OUTSTANDING              8,224,370  

FULLY  DILUTED        168,394,768    

SHARE    &  FINANCIAL  STRUCTURE  

Market  Cap  $62.64M  

No.  of  Warrants   Exercise  Price  

23,363,800   $  0.65  

2,100,042   $  0.85  

9,424,605   $  1.54  

BOD  &  Management  Controls  Approximately    11  %  of  the  Shares  

Share  Price  Recorded  August  19,  2010,    at  $0.50  TSX  

7

Debt  Note  Value  &  Maturity  Date:  

May  21,  20111  -­‐  $20,252,641.95  

July  9,  20111  -­‐  $11,508,506.38  

March  25,  20122  -­‐  $44,000,000.00    

1. Callable  for  repayment  with  a  6  months  notice.  

2. Callable  by  September  2010  with  the  6  months  notice.  

Richard  Fifer  (Director  &  Non  Executive  Chairman    Panama)  

-­‐ BS  Geological  Engineering,  MA  International  Finance  -­‐ Founder  of  the  Petaquilla  Project  -­‐ Former  President  of  the  Panamanian  State  mining  company,  CODEMIN  

-­‐ Former  Governor  of  the  Province  of  Cocle,  Panama  Raul  Ferrer  (Director    Panama)  -­‐ Business  Financial  Advisor  -­‐ Former  Financial  Investment  Director  with  Wall  Street  Securities  (Panama)  

David  Kaplan  (Director    USA)  -­‐ President  of  Physical  Commodity  Merchants  LLC  -­‐ Former  Portfolio  Manager  at  LIM  Advisors  LLC  -­‐ Former  VP  of  Gerald  Metals,  Inc.  -­‐ Former  Financial  Analyst/Trader  with  Glencore  Ltd.  -­‐ Graduate  of  the  Wharton  School  (University  of  Pennsylvania)  

DIRECTORS  AND  OFFICERS  David  Levy  (Director  &  Corporate  Secretary  -­‐  USA)  -­‐ Member  of  the  Private  Placement  Group  at  Platinum  Management  (NY)  LLC  

-­‐ Specializes  in  structuring  and  negotiating  financings  at  all  levels  of  the  capital  structure  

-­‐ Graduate  with  Honors  from  Sy  Syms  School  of  Business  (Yeshiva  University)  

Joao  Manuel    President  &  CEO  (Portugal)  -­‐ Former  COO  of  Petaquilla  Minerals  Ltd.  -­‐ Former  CFO  of  Petaquilla  Copper  Ltd.  -­‐ Over  20  years  management  experience  in  large  multinational  corporations  worldwide,  including  GE,  ITT,  Nokia.  

Julie  van  Baarsen    CFO  (Canada)  -­‐ Charted  Accountant  -­‐ Bachelor  of  Business  Administration  -­‐ Experienced  in  both  private  and  public  company  (TSX,  TSX  Venture,  NASDAQ)  sectors  

-­‐ Former  Audit  Manager  of  Grant  Thornton  LLP  

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PETAQUILLA  MINE    PERMITING  AND  PRODUCTION  UPDATE    

First  pour    April  7,  2009:  As  a  result  of  testing                                                    the  gold  room  recovery  processes  July  16,  2009    The  Company  announced  it  has                            produced  approximately  9,525  ounces  of  gold  and  3,195  ounces  of  silver.  November  18,  2009    Public  Announcement  that  the  Government  of  Panama  had  approved  

 

January  11,  2010    The  company  announces  it  has  reach  commercial  production  stage  on  January  8,  2010.  Current  Production    Since  commercial  production  commenced  on  January  8,  2010,  it  has  been  producing  gold  at  a  running  rate  of  approximately  6,000  ounces  of  gold  per  month.  

GOLD  PRODUCTION    

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FIRST  GOLD  POUR    

10

Processed  Ore  

Average   Ore  Tonnes  

Daily   3,099.75  

Monthly   94,284.00  

Average  per  Year  (First  3  years)  

 Total  Ore  1,131,408  Tonnes  

 Total  Au  Ounces  Recovered  100,804.3    

Average  mine  life  

90.21%  Au  Recovery  

2.8  g/t  Au  Average  Grade  

GOLD  PRODUCTION  (Corporate  Base  Case)  

100,000  oz.  Annual  Gold  Producer  is  Just  the  Beginning  

Completion  of  2,200  TPD  CIP    Currently  in  commercial  production  

Commenced  commercial  production  in  2010  establishing  est.  100,000  oz  annual  gold  production  

Aggressively  explore  the  842  sq.  km  Petaquilla  Mining  Concessions  

Available  expansion  of  2,200  TPD  operation  to  5,000  TPD  on  existing  foundations  

Operation  in  politically  stable  Panama    a  USD  based  economy  

Potential  Acquisitions  of  known  gold  deposits  in  Panama  11

Gold  production  Q3  2010  Increased  by  31%  (3,274  oz)  from  Q2  2010.  

Q3  Cash  Cost  Reduced  to  $637.00  per  ounce    As  a  result  of  production  increase  and  reductions  in  

operating  costs,  down  33.6%  from  $960.00  per  ounce  in  Q2  2010.  

Gross  Margin  from  the  sale  of  Gold  in  Q3  2010  amounted  to  $4.7  MM.  

Administrative  and  other  expenses  for  the  nine  months  ended  February  2010  were  reduced  by  

US$3.6MM  or  26%  to  US$10.3  MM  compared  to  US$13.9  MM  for  the  nine  months  ended  

February  2009.  

The  company  is  also  pleased  to  announce  that  it  has  poured  approximately  6,500  oz  of  gold  

during  the  initial  four  pours  of  the  current  month  of  April  and,  as  a  result,  is  targeting  cash  costs  

in  the  mid-­‐US$500.00  per  ounce  range  for  the  month.  

Petaquilla  initiated  the  construction  of  an  on-­‐site  heap  leach  test  facility.  The  company  anticipates  

the  heap  leach  operation  will  generate  an  additional  50,000  oz  of  gold  annually.  

GOLD  PRODUCTION  UPDATE  (News  Release  April  27,  2010)  

12

Site Road

Mole jon 2,200 C IP Plant

Mole jon Open Pit

Mole jon Camp

13

Ball Mills

Refinery

CIP Tanks

Leaching Tanks Power

Generators

MOLEJON GOLD PLANT

Contingency Pond

D-Tox

Secondary & Tertiary Crusher

Thickener

Water Tanks

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Process re-design leading to increase production throughput

Heap Leaching Strategy:

Completed first phase of heap leaching test pads

Entering construction of heap leach pad test facility for a purpose of quantifying how

much additional gold can be extracted from ore with grades in the 0.2 and 0.9 g/t Au.

By the third quarter of the 2010 calendar year, the objective is to complete heap leach

testing with the first phase of implementation of commercial leaching beginning in the

quarter thereafter.

Expand to a 5,000 TPD operation

GENERAL OBJECTIVES FOR 2010

Gold Production Optimization Plan

15

ENVIRONMENTAL COMMITMENT

16

Main Environmental Activities

Re-vegetation, Reforestation and Ornament Preservation of the Grounds and Erosion Control Hydrology, Protection of Sources and Sedimentation Control Handling of Solid Wastes and Recycling Environmental Training

ENVIRONMENTAL COMMITMENT

1. Quality of Air, Soils and Water 2. Waste Management Plan 3. Certifications (ISO 14001 & OHSAS 18001) 4. Environmental Emergencies Plan 5. Development of Environmental Permits for Various Projects 6. Environmental Training 7. Technical Assistance from Third Parties for Monitoring of Environmental

Quality and ISO Standards Certification

ENVIRONMENTAL MANAGEMENT PLAN 2010

17

PETAQUILLA MINERALS, S.A. EXPLORATION

18

PRIMARY EXPLORATION TARGETS

1. Oro Del Norte Prospect

2. Rio Caimito Prospect

3. Santa Lucia Prospect

4. Bellencillo Prospect

5. Pifacito Prospect

6. Rio Hoja Prospect

Current Exploration (Oro del Norte)

New Exploration Targets with Historical Information

Molejon Gold Proyect

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PRIMARY EXPLORATION TARGETS

Oro Del Norte Prospect Rock chip anomalies

(up to 287g/t Au) Stream sediment sample anomalies

(up to 45.75g/t Au) Soil sample anomalies

(up to 7.8g/t Au)

Oro Del Norte Prospect

MOLEJON Santa Lucia

Prospect

Santa Lucia & Rio Caimito Prospects

Will commence Phase I in the 2nd Quarter at the Santa Lucia and Rio Caimito Prospects Work to include:

- mapping and rock chip sampling - geochemical soil sampling

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ORO DEL NORTE PROSPECT

Work program

Phase 1:

Construction of field camp Completed

Exploration environmental impact study Completed

Re-sampling to verify original auger anomaly Completed

21

5 Km2

5 Km2

ORO DEL NORTE PROSPECT Phase 2: Detailed geological/structural mapping

Commenced Detailed geochemical sampling (hand auger

and rock-chip sampling) Commenced

Geochemical trenching program Commenced Definition of Stage 1 drill targets Completed

5 Km2

ORO DEL NORTE PROSPECT

Phase 3: Complete 5000m HQ3 Diamond Drilling

Program Stage 1

Ongoing detailed geological/structural mapping within the Oro del Norte Mineralized Corridor

Ongoing geochemical sampling

27

Approved  by  Board  of  Directors  

 intends  to  distribute  to  its  shareholders  one  (1)  share  of  

 for  each  four  (4)  shares  of  PTQ  held  on  

the  record  date  for  the  distribution.  

Distribution  of  PDI  will  be  effected  by  way  of  a  Plan  of  Arrangement  or  some  other  tax-­‐

efficient  mechanism.    Transaction  is  subject  to  all  requisite  shareholder  and  regulatory  

approvals.  

SPIN-OUT OF PANAMA DEVELOPMENT OF INFRASTRUCTURE LTD.

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Management team

Joao C. Manuel

Richard Fifer Non Executive Chairman of the Board Joao C. Manuel President and CEO- Petaquilla Minerals Ltd. Antonio Renom General Manager- PDI COO - PDI Jose Luis Dieguez Head of Business Development James Cobbett Head of Mining Services Jose G. Carrizo Head of Energy

Antonio Renom

Jose Luis Dieguez Being previously a Business Associate at Coram Clairfield Partners (Spain) Mr. Dieguez has been involved in several national and cross-border M&A transactions. Jose Luis is an Engineer in Telecom. and Master in Corp Fin & Law from ESADE.Heis a diplomat (with honors) inBAat UC Berkeley.

A former Green Beret, Mr. Renom has extensive experience in both PE and M&A where has been involved in major transactions in the renewable energy, Power & Utilities and Infrastructure sectors. Mr. Renom has an MBA (with honors) at IE Business School and a MBT in Finance at UC Berkeley.

James S. Cobbett Jose G. Carrizo Jose has over 7 years of experience in the energy sector and has worked at Cummins, Inc. in Indiana, USA. Mr. Carrizo graduated with honors from the University of Texas at Austin as a BS in Mechanical Engineering. He also has a MBA from the Kelley School at Indiana University.

Mr. Manuel is the current CEO of Petaquilla Minerals. Former CFO & Deputy CEO of the Inapa Group Mr. Manuel has over 20 years management experience in large multinational corporations worldwide, including PWC, GE, ITT and Nokia. Mr. Manuel has a Bsc in Economics at ISCEF of Lisboa and a Msc. In Mngt at Boston University.

A former CEMEX manager Mr. Cobbet has a wide experience in the mining sector and has being involved in the development of Panama Mining sector since 1997. A fellow graduate in Mining Engineer at the University of Nottingham,james has a Msc. in Engineering Mngnt.at Univ. of Louisville.

Richard Fifer Former president and CEO of Petaquilla Minerals Ltd. Mr Fifer has been involved in the Petaquilla Mining District since its inception. Mr. Fifer has a wide management experience in global companies such as Texaco and Landmark and has been also Advisor of National Security to the President of Panama and Governor of Cocle.

29  

What is PDI?

Panama Development of Infrastructures (PDI) is the result of Petaquilla Minerals (PTQ.TX) experience in the development of the Panama Mining district at Cerro Petaquilla.

PDI has acquired a wide experience in the mining infrastructure services after being responsible for the construction and development of Gold mine plant as well as all the civil infrastructure development associated with the project (aka. Roads, hospitals, energy transmission, etc).

After a restructuration and addition of world class professionals, PDI is ready and focused in achieve a fully develop portfolio of projects in the Mining Services, Energy and Construction sectors.

main goal is to be the key player in the currently booming demand of Mining & Infrastructure Services in Panama as well as in the Caribbean region

PDI Mining services district New mining legislation to attract significant foreign investment. Petaquilla Mining District has the potential to position Panama as Latin next major mining region.

Toronto Stock Exchange listed PTQ, Inmet Mining Corporation, Bellhaven Copper & Gold, Inc., Tech Resources Limited and Tiomin Resources Inc.

International mining companies, eager to take advantage of record commodity prices. Continued global tightness of supply. Growing demand from the rapidly industrializing Chinese economy,

3rd largest copper deposit in the world. Located approximately 120 km west of Panama City, in the Colon province. Over the next 5 years, this remote and underexploited district will undergo a period of rapid, large-scale mining development that is creating unprecedented demand for regional infrastructure.

Positioned as the earliest entrant in emerging mining services sector with the successful construction and commissioning of mine.

sector:

Growth drivers:

Petaquilla Concession:

Current players:

PDI advantage:

Mining Services Energy Construction

PDI provides a wide range of Mining Services from Exploration & Development to Operational phases. Amongst other services, PDI offers:

Major earth movements Aggregate Mining & Sales Heavy Equipment Fleet Management Mining and Blasting Mine & Civil Construction Environmental Programs Campsite Services & Logistics Drilling and topography programs Permits and certification programs management

PDI has been responsible in the construction of roads, hospitals, schools, transmission lines, a mining processing plant and other facilities related with mining operations.

PDI is progressively entering into strategic agreements with major foreign companies in the Caribbean area to became the local key player in the region.

PDI is in negotiations to start producing construction materials as well as aggregates.

PDI is gradually entering in the development, construction and operation of renewable energy projects in Central America.

Due to the growing demand for energy in the area PDI its leveraging on its experience to fully develop a portfolio of renewable energy MW.

goal is to became an integrated local company in generation, transportation and distribution of energy for industrial partners in the region.

PDI Business activities

PDI Future Strategy    ST  

Spin  off  Capital  raising  

Selected  acquisitions    

 MT   Strategic  

partnerships  Commercial  agreements  

Biddings  proceses  

 LT  

IPO  M&A  

Promoting a Sustainable

34  

Main Social Programs Carried Out

Communitarian Organization Health Education Healthy Food (Warm Meals) Sports Child Sponsorship Production Modules

COMMUNITY PROGRAMS

35

PTQ 2010 KEY PRIORITIES

Develop existing resources at the Molejon Gold Project into expanding current

reserves from 535,000 oz at 1.0 g/t Au cutoff to approximately 1.2 million oz at 0.3

g/t Au cutoff

Expand production from an average of 2,200 TPD to 5,000 TPD

Accumulate cash and take advantage of market opportunities for gold reserve

expansion through acquisitions

36

PTQ VALUE DRIVERS FOR SHAREHOLDERS

Panama Development of Infrastructure Ltd. (PQI) Spin-Out Commercial Production Approved by Panamanian Government! Annual production estimated to be 100,000 ounces of gold

PTQ will aggressively explore and drill the many known targets on the world

class Petaquilla Mining Concession

Phase 1 of 2,200 TPD now complete with possible expansion to 5,000 TPD

from existing foundations already engineered

Operation in USD based and politically stable Panama

37

410 - 475 West Georgia Street Vancouver, B.C. Canada V6B 4M9 Telephone: +(604) 694-0021 Facsimile: +(604) 694-0063 Toll Free: (1)(877) 694-0021 Website: www.petaquilla.com Email: info@petaquilla.com