CHANGE OF NAME

CHANGE OF NAME

Mercator Gold Plc

MERCATOR GOLD plc

(“Mercator Gold”, “Mercator” or “the Company”)

AIM: MCR
US OTC: MTGDY

CHANGE OF NAME

London 29 September 2010

Further to the announcement by the Company on 29 April 2010 and the successful passing of the resolutions proposed to shareholders at the Company's Annual General Meeting held on that date, including the approval of the change of the Company's name to Electrum Resources plc, the Board is pleased to announce that the filing requirements in relation to the change of name have now been completed and dealings under the new name will commence at 8.00am on Wednesday 29 September 2010. The Company's TIDM will also change to ECR. The Company's ISIN will remain unchanged as GB00B0P4LQ95.

In addition, the Company's website address will be amended to reflect the change of name to Electrum Resources plc. In compliance with Rule 26 of the AIM Rules for Companies, the updated details of the Company are currently available on the existing Mercator website. The new website which is currently under construction is expected to be completed shortly and may be found at: www.electrum-resources.com.

All share certificates in Mercator Gold will remain valid. As and when transactions take place on shareholdings, share certificates will then be issued in the new name of Electrum Resources plc. This will also relate to any other valid stock held in Mercator Gold.

About Mercator

Mercator Gold plc is a diversified mineral and renewable energy development company which specialises in identifying undervalued projects and structuring them to maximise their development and capital raising potential. Mercator holds a substantial interest in THEMAC Resources Group, a company listed on the TSX Venture Exchange. The primary objective of THEMAC Resources Group is to return the Copper Flat project, a former producing copper-molybdenum-gold-silver mine located in New Mexico, USA, to commercial production. Mercator also has solar energy interests in New Mexico along with numerous other promising assets elsewhere in the world.

For further information please contact

Mercator Gold plc	Â
Michael Silver, Chairman		Tel: [phone]
Patrick Harford, Managing Director
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Email: [e-mail]
Website: www.mercatorgold.com
Daniel Stewart & Company plc
Oliver Rigby		Tel: + 44 (0) 20 7776 6550
Old Park Lane Capital PLC
Forbes Cutler, Director of Corporate Broking		Tel: [phone]
Bankside Consultants Ltd
Simon Rothschild		Tel: [phone]
Barry Kaplan Associates
Larry Kaplan		Tel: [phone]