Huelva, Dec 13 (EFE). - PTQ Spain, subsidiary of Panamanian-Canadian Petaquilla Minerals
(PTQ), which has rights to open the Lomero-Poyatos mine (Huelva) has agreed to evaluate
the reopenning the San Telmo mine located in Cortegana (Huelva), This has been
indicated by Efe sources, who stated that the agreement was reached with the mining
company Seville, whose largest shareholder is the Ybarra family. The agreement was
signed at the company offices in Seville by Nicholas Ybarra, president, Luis Ybarra, general
manager, and Richard Fifer and Pascual Montanes, president and vice president
respectively of PTQ Spain. A contract value will not be determined until PTQ completes
planned studies and surveys on the amount of ore that can be economically recovered.