Holding(s) in Company

Mercator Gold PLC 29 January 2007 Mercator Gold plc (the 'Company') Holding in the Company London 29 January 2007 - Under sections 198 to 202 of the Companies Act 1985 the following information falls to be disclosed: The Company was notified on 29 January 2007 that AXA S.A. has a beneficial interest in an aggregate of 2,358,350 ordinary shares in the Company and a non-beneficial interest in an aggregate of 1,446,051 shares in the Company. These interests represent 4.39% and 2.69% of the issued share capital of the Company respectively. The current issued capital of the Company totals 53,680,144 shares. For further information please contact: Mercator Gold plc Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010 Email: info@mercatorgold.com Website: www.mercatorgold.com Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888 Simon Rothschild Keith Irons AIM: MCR This information is provided by RNS The company news service from the London Stock Exchange

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