Petrominerales

Dividends

Petrominerales’ Board of Directors has approved our dividend policy1 that pays quarterly dividends to shareholders. The quarterly dividend has been set at $0.125 per common share, paid quarterly.

Notes:1 Petrominerales advises all shareholders that, effective from January 17, 2011, all dividends paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of a change is posted on this web site.

History of Dividend Payments

Declaration Date Record Date Payable Date Amount

June 10, 2010 June 30, 2010 July 15, 2010 $0.125
September 16, 2010 September 30, 2010 October 15, 2010 $0.125
December 15, 2010 December 30, 2010 January 17, 2011 $0.125
March 15, 2011 March 31, 2011 April 15, 2011 $0.125
June 15, 2011 June 30, 2011 July 15, 2011 $0.125
September 15, 2011 September 30, 2011 October 12, 2011 $0.125
December 15, 2011 December 31, 2011 January 13, 2012 $0.125

Convertible Bond Price Adjustments

January 12, 2012: Convertible Bond Price Adjustments (PDF)

May 13, 2011: Convertible Bond Price Adjustments (PDF)

Dividend Taxation Considerations

Non-Canadian Investors: General information concerning the taxation of dividends (PDF)

U.S. IRC Section 6045B Reporting