Petaquilla Minerals Ltd., a gold producer operating a 100 percent-owned gold processing plant in Panama, recently announced the appointment of Ms. Julie Van Baarsen as the company’s new chief financial officer effective January 1, 2010. Ms. Van Baarsen replaces Bassam Moubarak, who will remain with the company as a consultant through January to assist with the transition of the chief financial officer role.

Prior to joining the company in January 2009 as the director of finance, Ms. Van Baarsen as worked in various industries in both the public and private sector and served as a former audit manager of Grant Thornton LLP. Ms. Van Baarsen possesses a wide range of professional experience as a chartered accountant. She was the company’s top candidate to replace Mr. Moubarak as chief financial officer.

Petquilla’s president and chief executive officer, Mr. Joao Manuel, commented, “We are delighted to welcome Ms. Van Baarsen as Chief Financial Officer. Her broad spectrum of talents complements our management team and will help guide us through our commercial production phase at our Molejon gold project and exploration programs at our Oro del Norte and other concessions in Panama.”