Petrominerales

PETROMINERALES CONFIRMS FIRST QUARTER DIVIDEND

Petrominerales Ltd. (“Petrominerales” or the “Company”) (TSX:PMG) is pleased to announce that our cash dividend for the first quarter of 2011 will be paid on April 15, 2011 to all Petrominerales shareholders of record on March 31, 2011. The first quarter 2011 dividend payment will be CDN$0.125 per Petrominerales share. The ex-dividend date is March 29, 2011.

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PETROMINERALES REPORTS 2010 FUNDS FLOW FROM OPERATIONS OF US$6.00 PER SHARE AND NET INCOME OF $2.41 PER SHARE

Petrominerales Ltd. is pleased to announce 2010 annual and fourth quarter financial and operating results highlighted by 2010 funds flow from operations of US$6.00 per share and net income of $2.41 per share, 108 and 136 percent increases over 2009.

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