Holding(s) in Company

Mercator Gold PLC
17 November 2006

                       Mercator Gold plc (the 'Company')

                             Holding in the Company


London 17 November 2006 - Under sections 198 to 202 of the Companies Act 1985
the following information falls to be disclosed:

The Company was notified on 17 November 2006 that Morgan Stanley Securities
Limited (MSSL) was interested in a total of 4,321,143 Ordinary Shares in the
Company representing 8.06% 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]



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