Issue of Equity

Issue of Equity

Mercator Gold Plc

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
ISSUE OF EQUITY

London 23 February 2010
EXERCISE OF WARRANTS

The Company announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 714 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each.

The Company has applied for the 714 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 24 February 2010. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 144,371,584 Ordinary Shares in issue.

For further information please contact

Mercator Gold plc	Â		Â
Michael Silver, Chairman		Tel:		[phone]
Patrick Harford, Managing Director
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Email: [e-mail]
Website: www.mercatorgold.com
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Bankside Consultants Ltd		Tel:		[phone]
Simon Rothschild
Oliver Winters
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Cenkos Securities plc
Beth McKiernan		Tel:		[phone]
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Old Park Lane Capital PLC
Forbes Cutler, Director of Corporate Broking		Tel:		[phone]

AIM: MCR ADR: MTDGY