Drilling to commence

Mercator Gold PLC
21 February 2006



21 February 2006

   •Drilling commences on Mercator's 100% owned Meekatharra assets, with more
    drill rigs to follow.


LONDON - Mercator Gold plc (AIM: MCR) ('Mercator' or 'the Company') announces
that it has signed a contract for the supply of reverse circulation and diamond
core drilling with Drill Corp-Western Deephole. Reverse circulation drilling
will commence on Wednesday 22 February, only 3 weeks since the acquisition of
the Meekatharra assets from St Barbara Limited.

The initial reverse circulation and diamond programme, consisting of 15,000m
will be at Bluebird where the company is targeting substantial extensions to the
known resource.

Diamond core drilling at Paddy's Flat will target mineralised zones for early
metallurgical testing. In subsequent months drilling of a minimum of 20,000m
will target resources at Surprise, Meekatharra North and Paddy's Flat.


Ends


For further information please contact:
Mercator Gold plc
Patrick Harford, Managing Director                Tel: [phone]
Terry Strapp, Chairman                            Tel : [phone]
Michael de Villiers, Finance Director             Tel: [phone]
Dr Julian Vearncombe, Exploration Director        Tel: [phone]
E:mail: [e-mail]
www.mercatorgold.com
Beaumont Cornish Limited
Roland Cornish                                    Tel: [phone]

King & Shaxson Capital Ltd
Nick Bealer                                       Tel: [phone]

Ocean Equities Ltd
Will Slack                                        Tel: [phone]

Parkgreen Communications
Justine Howarth / Ana Ribeiro                     Tel: [phone]


Mercator operates a continuous disclosure policy with respect to exploration
results. Company news releases are based on technical information approved by
the Company's Exploration Director, Julian Vearncombe BSc (Hons), PhD, FGS,
RPGeo, FAIG.







                      This information is provided by RNS
            The company news service from the London Stock Exchange