Holding(s) in Company

Mercator Gold PLC
16 October 2007


                            

                        Mercator Gold plc (the 'Company')
                                        
                             Holding in the Company


London 16 October 2007 - The Company has been notified that Commonwealth Bank of 
Australia and associated entities have an interest in 3,053,387 shares in the 
Company, representing 4.88 per cent of the issued share capital of the Company.


For further information please contact:

Mercator Gold plc
Patrick Harford, 
Managing Director                       Tel:     [phone]
                                        Email:   [e-mail]
                                        Website: www.mercatorgold.com

Bankside Consultants Ltd 
Simon Rothschild                        Tel: [phone]
Keith Irons
Oliver Winters


AIM: MCR




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