Mining Contract Awarded

Mercator Gold PLC
18 April 2007



London: 18 April 2007


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

                            MINING CONTRACT AWARDED


Mercator Gold Australia Pty Ltd is pleased to announce a 'Heads of Agreement'
has been reached with Mining & Civil Australia Pty Ltd ('MACA') to carry out the
initial Open Pit mining of the Surprise ore reserve.

The contractor will commence mobilisation of plant and equipment on 24 April
2007.

MACA is an emerging Western Australia owned and operated company which has
quickly established an excellent reputation in the Mining Contracting industry.

MACA currently employs approximately 230 people and has completed projects for
Lion Ore, Harmony Gold and Croesus Mining. Its current projects include Fortnum
(Gleneagle), Jack Hills (Murchison Metals), Wiluna (Agincourt Resources),
Kirkalocka (Equigold) and North Dordie (Mincor Resources).

Managing Director, Patrick Harford, commented:

'The appointment of Mining & Civil as earth moving contractor at Meekatharra
brings us an important step closer to production. We move now from the planning
stage to the implementation of our strategy for profitable and sustainable
production.'


Mercator Gold plc

Terry Strapp, Chairman                   Tel: [phone]
Patrick Harford, Managing Director       Tel: [phone]


Email: [e-mail]
Website: www.mercatorgold.com


Bankside Consultants Ltd                 Tel: [phone]

Simon Rothschild
Keith Irons
Oliver Winters

AIM: MCR



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