Director Shareholding

Mercator Gold PLC
26 April 2005


FOR IMMEDIATE RELEASE                                          26 April 2005



                MERCATOR GOLD PLC ('MERCATOR' or the 'Company')

                        Purchase of Shares by a Director

The Company has been informed by Michael de Villiers, a Director, that he has
purchased a further 129,900 Ordinary Shares in the market.

Following this transaction, the interests of Michael de Villiers in the 
Ordinary Share capital of the Company are as follows:

Number of    Ordinary Shares as a    Number of Warrants   Number of share
issued       Percentage of issued    to subscribe for     options to subscribe
Ordinary     Ordinary Share          new Ordinary         for new Ordinary
Shares       capital                 Shares               Shares
 
600,000      0.69%                   670,000              2,000,000


For further information, please contact:

Patrick Harford, Managing Director, Mercator Gold         Tel: [phone]

Roland Cornish, Chairman, Beaumont Cornish                Tel: [phone]



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