Petaquilla Minerals Ltd PTQMF

RE: Background on LP Ownership Dispute

[ajootian]

Potential litigation relating to the Lomero-Poyatos property could impact future business and financial

results.

A third party has made claims in respect of certain rights over the Lomero-Poyatos property. The

Company has conducted thorough due diligence on the title of the Lomero-Poyatos property, including

obtaining an opinion of Spanish counsel which confirms that CRI has sole and exclusive ownership of the

Lomero-Poyatos concessions and the exclusive right to exploit the mineral rights in connection therewith

(see “The Acquisition of Iberian – Background”). Even though in the view of the Company’s

management such claims are unfounded and wholly without merit, substantial commitments of time and

resources by the Company’s management and employees may be required to defend such claims. The

Company may incur substantial legal fees and expenses in connection therewith, and the Acquisition may

be delayed as a result.

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Sorry for gibberish in prior post, not sure why or how that happened.  Above is second excerpt from prior post.