Holding(s) in Company

Mercator Gold PLC
27 March 2007


                       Mercator Gold plc (the 'Company')

                             Holding in the Company


London 27 March 2007 - Under sections 198 to 202 of the Companies Act 1985 the
following information falls to be disclosed:

The Company has been notified that SVM UK Active Fund PLC has an interest in 
2,727,143 shares in the Company, representing 4.5 per cent of the issued share
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


Bankside Consultants Ltd                       Tel: [phone]

Simon Rothschild
Keith Irons
Oliver Winters


AIM: MCR


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