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Press release from Marketwire

Petrominerales Confirms Fourth Quarter Dividend

Wednesday, December 15, 2010

Petrominerales Confirms Fourth Quarter Dividend15:12 EST Wednesday, December 15, 2010BOGOTA, COLOMBIA--(Marketwire - Dec. 15, 2010) - Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 65% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), is pleased to announce that our cash dividend for the fourth quarter of 2010 will be paid on January 17, 2011 to all Petrominerales shareholders of record on December 30, 2010. The fourth quarter 2010 dividend payment will be CDN$0.125 per Petrominerales share. The ex-dividend date is December 24, 2010.Petrominerales a Latin America-based exploration and production company producing oil in Colombia with 15 exploration blocks covering a total of 2.0 million acres in the Llanos and Putumayo Basins and five exploration blocks in Peru covering a total of 9.5 million gross (5.4 million net) acres in the Ucayali and Titicaca Basins. Petrominerales is 65% owned by Petrobank Energy and Resources Ltd.FOR FURTHER INFORMATION PLEASE CONTACT: John D. WrightPetrominerales Ltd.Strategic Advisor and Chairman of the Board403.750.4400 or 011.571.629.2701ORCorey C. RuttanPetrominerales Ltd.President and Chief Executive Officer403.750.4400 or 011.571.629.2701ORJack F. ScottPetrominerales Ltd.Chief Operating Officer403.750.4400 or 011.571.629.2701ORKelly D. SledzPetrominerales Ltd.Chief Financial Officer403.750.4400 or