Petrominerales (PMG)

[dan_s]

BOGOTA, COLOMBIA--(Marketwire - July 22, 2011) - Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG - News; BVC:PMGC) is pleased to announce that we have received the necessary approvals to list the Company's common shares for trading on the Colombian Stock Exchange ("BVC"). The final approval required for registering Petrominerales' shares in the Colombian National Securities and Issuers Registry was received today from the Colombian Financial Superintendence. We expect our shares to commence trading on the BVC on August 3, 2011, under the symbol 'PMGC'.

The listing of Petrominerales' shares on the BVC does not involve the issuance of new shares or other securities or derivatives. Petrominerales' shares will continue to trade on the Toronto Stock Exchange ("TSX") under the symbol 'PMG', and have been listed on the TSX since June 2006. Once trading on the BVC, we expect Petrominerales to be in the top fifteen largest companies listed on the BVC, as measured by market capitalization, based on current market prices. Petrominerales has paid a dividend on its shares since June 30, 2010, with all shareholders of Petrominerales receiving an annual dividend of CDN$0.50 per share, paid on a quarterly basis.

Petrominerales has been operating in Colombia since 2002, and over that time we have invested approximately $1.8 billion and grown production to over 40,000 barrels of oil per day. We believe it is important to facilitate investment in our shares by Colombians given our history of investment and involvement in the country and our strong, on-going commitments to Colombia. One of our primary reasons for listing on the BVC is to provide an easier method for investment by Colombian shareholders in the shares of our Company.

Second Quarter Results - Investor Conference Call

Management of Petrominerales will be holding a conference call for investors, financial analysts, media and any interested persons on Thursday, August 4, 2011 at 8:00 a.m. Mountain time (9:00 a.m. Bogota time, 10:00 a.m. Eastern Time) to discuss our second quarter financial and operating results. The investor conference call details are as follows: