Issue of new shares

(“Mercator Gold”, “Mercator” or “the Company”)




LONDON: 28 JANUARY 2005 - The Company has issued 20 million new ordinary shares of 1p each pursuant to its election to take up a 45 per cent. interest under the Annean Joint Venture, as per the announcement of 18 January 2005.

The new ordinary shares rank pari passu with the existing ordinary shares in issue.

Application has been made for the 20 million new ordinary shares to be admitted to trading on AIM.


For further information please contact:

Mercator Gold plc    
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
Beaumont Cornish Limited    
Roland Cornish Tel: + 44 (0) 20 7628 3396
Phillip Securities UK Limited    
Nick Bealer Tel: +44 (0) 20 7553 8281
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713


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