Petaquilla Minerals Ltd. is engaged in the acquisition, exploration and exploration management of mineral properties with the goal of bringing properties to production. The Company has 11 subsidiaries, including Adrian Resources (BVI) Ltd., Petaquilla Minerals, S.A., Petaquilla Gold, S.A., Instituto Petaquilla, S.A., Brigadas Verdes, S.A., Compania Minera Belencillo, S.A., Petaquilla Infraestructura, S.A., Petaquilla Hidro, S.A. and Panama Central Electrica, S.A. The Company owns 100% interest in the Molejon gold deposit, as well as all other gold and precious metal mineral deposits. The Company’s primary focus has been the exploration of the Molejon gold deposit and other mineral properties in the Republic of Panama. As of May 31, 2009, the Company had no significant properties in Canada and it is not actively exploring, or seeking to acquire interests in, mineral properties in Canada.