Significant Shareholding

Mercator Gold PLC
06 March 2006





FOR IMMEDIATE RELEASE                                               6 March 2006



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


                            SIGNIFICANT SHAREHOLDING



The Company were informed on 2 March 2006 that at the close of business on 20
February 2006, Commonwealth Bank of Australia and associated entities, acting
through its business group and legal entities detailed below, had an interest in
3,700,000 ordinary shares of Mercator Gold, representing 9.44 per cent. of the
issued share capital of the Company.



+----------------------------------------------+----------------------+----------+
|                                              |Number of shares      |% held    |
+----------------------------------------------+----------------------+----------+
|Colonial First State Investment Limited       |3,100,000             |7.91      |
+----------------------------------------------+----------------------+----------+
|First State Investment Management (UK) Limited|600,000               |1.53      |
+----------------------------------------------+----------------------+----------+
|                                              |                      |          |
|                                              |                      |          |
|TOTAL CBA BANK GROUP HOLDING:                 |3,700,000             |9.44      |
+----------------------------------------------+----------------------+----------+




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