Holding(s) in Company

Mercator Gold PLC
06 September 2006


                       Mercator Gold plc (the 'Company')

             Notification of significant holdings 6 September 2006


Under sections 198 to 202 of the Companies Act 1985 the following information
falls to be disclosed:

The Company was notified on 6 September 2006 that Morgan Stanley Securities
Limited was interested in a total of 2,232,143 ordinary Shares in the Company
representing 4.17% of the current issued capital of the Company.



For further information please contact:

Mercator Gold plc
Patrick Harford, Managing Director                     Tel: [phone]

Email: [e-mail]
Website:  www.mercatorgold.com

Parkgreen Communications
Justine Howarth / Ana Ribeiro                          Tel: [phone]


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