Due to the spreading of unfounded rumors based on hypothetical accidents and tank ruptures and / or tubs at the Petaquilla Molejón Project, we must report the following:
1. No tank has suffered any kind of mishap, much less a break. We’re talking about heavy gauge metal tanks, which by basic principles of physics, would require a great force to break any of its walls holding water, fuel or any other fluid.
2. Each facility in which we have tanks, the same are protected by a contingency tub, which, by itself, has a 110% capacity to store the fluids from tanks, that is, if we open the tank valves, emptying them would not exceed the level of those tubs. We also have large tubs for emergencies, which are connected with all the other vats and with a 110% capacity of the total amount of liquids found in the local basins thus offering a final emergency containment capacity of 121% of those fluids
3. Our project also has two large tailing tubs in which we deposit all the material from leaching processes in other words, in those tubs the rocky and clay tailings material accumulates and takes the gold and silver, along with the fluids that are no loner used in the leaching process. leaching processes. These tubs have never registered, even following rain, a critical level and this is so, because they have been built with a capacity, based on studies of the characteristics of precipitation in the region over the last 100 years, so, rain fall at this time has not even set the critical level of the tub or let alone surpassed it.
4. Each time we record heavy rains, unscrupulous and irresponsible people are given the task of misinforming the local media and that a rupture has occurred or an overflow and that there is a presence of chemicals, which are not used in this project, Which is why our company, like any modern day responsible mining company, is always prepared to take whatever steps necessary at the site of the project, This includes decreasing the rate of production, as long as there is heavy rains to allow the tubs to fulfill their missions.
5. We have the capacity and also report, that we are about to finalize the construction of a third tub of tailings, which guarantees greater tailings storage capacity and rainfall, which is directly
related to our production.
6. Finally, we report that the competent environmental and mining authorities, such as ANAM and DG Mineral Resources, MICI, still routinely perform the monitoring of all our processes and the water quality of water sources surrounding the project, having certified correct and proper handling by Petaquilla Gold of the industrial processes.
Given in the city of Penonomé at 20 days of August 2010.
Engineer Carlos Salazar
Official spokesman of Petaquilla Gold.
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English
Thank you for this calming news update regarding the condition of the steel tanks, the tailings pond level and reserve capacity. It was important to correct the misinformation disseminated yesterday by La Prensa. It is apparent that timely updates be issued on any work stoppage or locally circulated rumors, to avoid public and shareholder concern.