Petaquilla Gold, S. A. delivered a major donation to the First Lady’s Office, consisting of toys for distribution to needy children in the community of Tambo, in Toabré county.

At the request of the First Lady’s Office, Petaquilla Gold, S. A., with engineer Richard Fifer’s vision, gave the governor of the province of Cocle, Fernando Nunez Fabrega, toys that bring joy to hundreds of children living in Tambo.

The delivery was done by the director of Petaquilla Foundation, Dr. Leonel Arosemena, at a ceremony in the Governorship of Cocle and is part of the activities promoted by Petaquilla Gold, S. A. as part of its corporate social responsibility policy to implement social, economic, and tourism projects through the Castilla del Oro Foundation.

The general manager of Panama Desarrollo de Infraestructura (PDI), José Luis Dieguez, said that this company, as a subsidiary of Petaquilla Gold S.A., is in charge of performing important tasks such as drilling works, explosives set up, and all the works related to gold extraction.

He also stated that through PDI, Petaquilla Gold, with Eng. Richard Fifer Carles’ vision, promotes the construction of civil works, hydraulic and electric set up of the mining plant, as well as providing maintenance to the heavy equipment used at the mine.

Dieguez emphasized that between the civil works is the increase of lodging facilities with the purpose of providing this service to other clients, including Minera Panama, who exploits the copper deposit adjacent to the Molejon project.

As in any industrial activity, Petaquilla Gold, S. A. makes every effort to ensure that mining activity is conducted under high industrial and environmental safety standards in an environment where workers feel comfortable while performing their daily tasks, said the company’s Risk Prevention and Environment manager, Leonel Solis.

In that sense, Solis said that workers should be alert to any sign of irregularity, any warning light lit, to warn and take the precautionary measures of the case.

To do this, under the vision of entrepreneur Richard Fifer Carles, Petaquilla Gold, S. A. has implemented the Life Project, whose goal is for company employees to perform their work in a comfortable environment, ensure that they eat and rest properly as well as have good public transportation to their work place and ensure the protection of the environment.

The foundation Castilla del Oro, lead by engineer Richard Fifer- Carles, has as an objective to enhance the skills of the people of the Castilla del Oro for them to be at the same level as the requirements of international tourism. In the visit of the Spanish delegation to Parita, they promoted the Spiritual Tourism as a model of sustainable development.

THE WARMTH OF THE PEOPLE OF PARITA IS REMARKABLE

Cristobal Colon, president of the Foundation La Castilla del Oro of Spain, participated of the local acts of Parita (Panama) as well as Pascual Montañes Duato, President of the Foundation La Castilla del Oro in Panama. The both emphasize on the warmth of the people of Parita (Panama).

Madrid, September 2011

The Foundation Castilla del Oro, would start a new project in Spain, to be specific in Huelva (Andevalo Hill). For this reason we invite you to learn the history, customs and the life style of this place in the old Europe, where the Castilla del Oro Foundation would take up a new challenge; it would develop what its driver, the engineer Richard Fifer-Carles callsa Second Generation Social Responsibility.

ECONOMIC ACTIVITY OF THE AGE

After passing through the hands of several civilizations, the history took Calañas to a feudalism situation and dependency of its lord during the low middle age. During that time, the main economic activity of Calañas was the sheep, goats and swine.

The power of the lords over the people of the area became stronger during the XIV and XV centuries, which increased the contribution exigencies to their people. The increases in taxation by the lords made even more difficult the way people lived which was already hard and excessively narrowed as an economical model which didn’t aspired to much luxuries than the subsistence itself with penuries from agricultures and farmers.

The modern age set up free Calañas from the privileges of the novelty from the previous age but not from the social differences that lasted and where transferred from one social model to the other as a social evil that refused to disappear.

The modern age is responsible for the construction of most of the monuments that can still be admired in the town, as the beautiful church of Santa Maria de Gracia.

On the other side, the shrine of Nuestra Senora de la Coronada was constructed in the XVI century over the remains of an ancient roman necropolis. During this age it was also constructed the bridge over the Odiel River which is close to the Sotiel Coronada.

The manager of Panama Infrastructure Development (PDI, for its acronym in Spanish), Jose Luis Dieguez, stated this company as part of Petaquilla Gold, S. A., after a year and a half of operating has been the creator of a source of an employment generator that has totally changed the way of living of populations close to the Molejon mining project.

Under the vision of engineer Richard Fifer – Carles, Petaquilla Gold, S. A., through the PDI, besides  generating employment in an area where the informal economy reigned, it is witness of the improvement in the quality of life of thousands of people that didn’t have basic services before, like health, water, education and adequate roads.

“For example, before people would take 8 to 10 hours to get out of their communities in Coclesito, and now the company restored the road of this journey and it is done in a little over an hour”, stated Dieguez.

Carlos Salazar, spokesman for Petaquilla Gold, S. A., a project led by businessman Richard Fifer Carles, said that in this way “we’ll be getting a transformation and a real investment in sustainable development, turning what others would consider a problem into a profitable business.”

He stated that among this project’s objectives is to improve environmental conditions, strengthen harmonious relationships with the community and generate direct and indirect jobs.

This project meets the demand for building materials in areas near the project and focuses on Petaquilla Gold, S. A.’s policy to contribute to improve the quality of life of people through the manufacture of clay products, blocks, bricks and tiles in accordance with COPANIT (Panamanian Commission on Industrial and Technical Standards) rules.

Those trying to reject the mining projects, do so by sustaining alternatives that only exist in their minds and with an unfair and irresponsible attitude, because they condemn the poorest people of Panama to go to bed hungry over a great mineral wealth, stated the President of the Panamanian School of Geologists, Omar Sugasti.

“You ‘don’t cut the tree or lend the ax’”, said Sugasti, who also stated that the adversaries of mining teach the residents of these areas by filling them with fear, or with exaggerations and inaccurate information.

Petaquilla Gold S.A., under the vision of Eng. Richard Fifer Carles, developed the Molejon gold project, where the company’s positive impact is felt not only by the hiring of people and providing them a formal income, but with the social projects they have been developing for the past few years in the areas of road construction, health, education, and nutrition.

“They don’t let them enter the economical development they deserve and do nothing to fulfill their actual needs.  An orchard here or another there will not move them to a different situation from where they already are, a simple subsistence agriculture”, stated Sugasti.

For the next ten years, Petaquilla Gold S.A. could be extracting one million ounces of gold, confirmed the Minister of External Relations, Roberto Henriquez, who added, “We are reviewing what the country should receive as the result from these extractions”.

The idea of exploiting this mine, located in the Donoso district of the Colon province, dates back 23 years, but it wasn’t until last year when the exploitation of this precious metal, which price has boomed product of the international financial crisis, began.

According to Henriquez “what the government wants is to preserve the environment, to benefit the community, and for the State to receive a fair return” stated the official.  The area granted to the mining company reaches 100 hectares.

Petaquilla Gold S.A., under the leadership of Engineer Richard Fifer Carles, has registered since last year an important production of this valuable metal, with exportations that surpass the 100 million dollar mark within the first five months of 2011.

Madrid, September 2011

NASA has published many results on the studies they are doing concerning the presence of life and other resources in the earth satellite. In this context, in October of 2009, NASA bombarded the moon surface (more information on NASA’s web page) in what is supposed to be the race to investigate the moon resources that should not be discarded in the medium or long term as a potential source of non-renewable resources that can be imported and rentable to our planet.

The special conditions of Rio Tinto in Huelva have an abnormally reduced pH due to its contact with high metallic concentrated minerals and life forms have developed that have not been explored, like no other place on earth, but they also have evolved in similar ecosystems like the ones in the underground of Mars, that’s why NASA has led some research projects looking for these type of onubenses and endemic organisms.

Huelva, work scope of the Petaquilla Minerals Company, led by Richard Fifer-Carles, in the so called coast of the light, have the advantages to install a space platform for the following reasons:

•           Elevated space available at a reasonable cost.

•           Qualified personnel for the exploitation of mineral and agricultural resources.

•           Good communications International airport of Sevilla (Spain) and Faro (Portugal), Seaport of Huelva, etc.

•           Scientific expertise concerning the unparalleled biodiversity worldwide because of the presence of the Donana Biological Reserve, who polarizes studies of many recognized scientific countries in biodiversity.

For the above reasons, it is considered an opportunity to consider Huelva as a suitable location to establish a investigations and communications space platform in the research of extra planetary resources to make the earth a better place to live.