Holding(s) in Company

Mercator Gold PLC
06 November 2006

                       Mercator Gold plc (the 'Company')



                      Notification of significant holdings





London - Monday 6 November 2006 - Under sections 198 to 202 of the Companies Act
1985 the following information falls to be disclosed:



The Company was notified on 6 November 2006 that Morgan Stanley Securities
Limited has disposed of 2,532,143 Ordinary Shares in the Company and no longer
has a notifiable interest in 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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