Petrominerales

PETROMINERALES PROVED PLUS PROBABLE RESERVES ADDITIONS REPLACE 153% OF 2010 PRODUCTION

Petrominerales Ltd. is pleased to report proved plus probable reserves of over 60 million barrels of oil as at December 31, 2010 (as determined by our independent reserves evaluators DeGolyer and MacNaughton), replacing 2010 production by 153%.

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