FIFER INMET

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Petaquilla Copper Ltd. Preliminary Response to Inmet’s Bid

July 15th, 2008

…  July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer …  Inmet accepts that the bid price is inadequate. Richard Fifer, the Chief Executive Officer of the Company, observed that “the Financial …  Inmet’s $2-a-share offer is ‘opportunistic’”. Richard Fifer also stated that “the Offer would not appear to meet the conditions of a …