Holding(s) in Company

Mercator Gold PLC
27 September 2006

                       Mercator Gold plc (the 'Company')



                      Notification of significant holdings





London 27 September 2006 - Under sections 198 to 202 of the Companies Act 1985
the following information falls to be disclosed:



The Company was notified on 26 September 2006 that Morgan Stanley Securities
Limited was interested in a total of 2,732,143 Ordinary Shares in the Company
representing 5.10% of the current issued 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

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









AIM:  MCR






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