ISSUE OF EQUITY

ISSUE OF EQUITY

Mercator Gold Plc

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)

ISSUE OF EQUITY

London 7 June 2010

EXERCISE OF WARRANTS

The Company announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 4,875 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each.

The Company has applied for the 4,875 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 11 June 2010. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 331,755,437 Ordinary Shares in issue.

For further information please contact

Mercator Gold plc
Michael Silver, Chairman		Tel: [phone]
Patrick Harford, Managing Director		Tel: [phone]
Email: [e-mail]
Website: www.mercatorgold.com
Daniel Stewart & Company plc
Oliver Rigby		Tel: + 44 (0) 20 7776 6550
Old Park Lane Capital PLC
Forbes Cutler, Director of Corporate Broking		Tel: [phone]
Bankside Consultants Ltd
Simon Rothschild/Oliver Winters		Tel: [phone]
Barry Kaplan Associates
Larry Kaplan		Tel: [phone]

AIM: MCR ADR: MTDGY