Holding(s) in Company

Mercator Gold PLC
20 November 2007



                               Mercator Gold plc

                             Holding in the Company



London 20 November 2007 - Mercator Gold plc (the 'Company') was notified on 15
November 2007 that Bear Sterns Asset Management was interested in a total of
2,237,459 Ordinary Shares representing 3.58% of the current issued capital of
the Company. Of that total holding, Bear Stearns Asset Management Clients have
an interest in 2,187,459 Ordinary Shares in the Company representing 3.5% of the
current issued capital of the Company. The total number of Ordinary Shares is
62,499,911.


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
Keith Irons
Oliver Winters
Tel:         [phone]


AIM: MCR




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