RE-ORGANISATION OF SHARE CAPITAL

RE-ORGANISATION OF SHARE CAPITAL

Mercator Gold Plc

MERCATOR GOLD PLC

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

RE-ORGANISATION OF SHARE CAPITAL

London: 4 June 2009 - Further to the Company’s announcement of 14 May 2009 and the passing of the resolutions at the Company’s General meeting held on 29 May 2009, Mercator Gold confirms that shareholders as 5.00 p.m. on 29 May 2009 have each received, for each ordinary share of 10 pence each held, one new ordinary share of 0.1 pence each and 1 deferred share of 9.9 pence each.

Following this re-organisation, the Company has 72,674,911 ordinary shares of 0.1 pence each in issue.

Enquiries:

Mercator Gold plc	Â
Patrick Harford, Managing Director		Tel: [phone]
Michael Silver, Chairman
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Email: [e-mail]
Website: www.mercatorgold.com
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Bankside Consultants Ltd		Tel: [phone]
Simon Rothschild
Oliver Winters

AIM: MCR