Mr. Joao Manuel reports

PETAQUILLA MINERALS LTD. PROVIDES NOTICE OF TRADING SUSPENSION AND CEASE TRADE ORDER

The Toronto Stock Exchange has suspended trading of Petaquilla Minerals Ltd.'s securities as a result of a cease trade order (CTO) issued on Friday, Nov. 22, 2013, by the British Columbia Securities Commission (BCSC). It is anticipated that, subject to a review of the company's filings by the BCSC, the CTO will be revoked after market closes today on Monday, Nov. 25, 2013.

The CTO had been issued due to the company's failure to file its interim financial statements for its quarter ended Sept. 30, 2013, and the associated management's discussion and analysis. The required filings have since been completed and may be viewed under the company's profile on SEDAR.

The CTO requires that all trading in the securities of the company cease until the executive director of the BCSC revokes the CTO. The company understands that the BCSC will review the required filings prior to issuing a revocation and that this review, in combination with the processing time for a revocation order, usually requires one business day to complete. As the BCSC issues orders only after the close of markets, it is anticipated that a revocation of the CTO will be issued after market closes today.

Despite the CTO, a beneficial shareholder of Petaquilla who is not, and was not at the date of the CTO, an insider or control person of the company may sell securities of Petaquilla acquired before the date of the CTO if the sale is made through a market outside Canada and the sale is made through an investment dealer registered in British Columbia.