Holding(s) in Company

Mercator Gold PLC
18 February 2005


FOR IMMEDIATE RELEASE                                        18 FEBRUARY 2005


                MERCATOR GOLD PLC ('MERCATOR' or the 'Company')

                           SHAREHOLDING NOTIFICATION

On 17 February 2005, City Equities Limited informed the Company that it had 
sold (acting as Principal) 3,125,000 Ordinary Shares of 1p each representing 
3.59 per cent of the Company's issued share capital to certain of its private 
customers. These shares were purchased by City Equities Limited in the share 
placement announced on 14 February 2005. As a result of these sales City 
Equities Limited no longer has an interest in the issued Ordinary Share capital
of the Company.


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