Holding(s) in Company

Mercator Gold PLC
18 May 2006

                       Mercator Gold plc (the 'Company')

                Notification of significant holdings 18 May 2006


Under sections 198 to 202 of the Companies Act 1985 the following information
falls to be disclosed:

The Company was notified on 15 May 2006 that Persistency was interested in a
total of 2,990,000 Ordinary Shares in the Company representing 5.59% of the
current issued capital of the Company.


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