Holding(s) in Company

Mercator Gold PLC
19 May 2006



                       Mercator Gold plc (the 'Company')

                Notification of significant holdings 19 May 2006


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


The Company was notified on 19 May that  Al Salam Opportunities was interested
in a total of 1,700,000 Ordinary Shares in the Company representing 3.176% of
the current issued capital of the Company.


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