Grant of Options Correction

Mercator Gold PLC
11 July 2007



The following amendments have been made to the announcement released on 10 July
2007 at 16:10 under RNS No 0049A.

The number of options awarded to Denis Geldard was 350,000 share options,
bringing his total options to 650,000. Mr Geldard also joined the Board in
February 2006 and his position in the Company is Chief Operating Officer.

The full amended text is shown below.


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


                                GRANT OF OPTIONS


Following a Board Meeting on 9 July 2007, Mr Denis Geldard, Chief Operating
Officer, has been awarded 350,000 Share Options bringing his total options to
650,000. Mr Geldard joined the Board of Mercator Gold in February 2006.


For further information please contact:

Mercator Gold plc
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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