£1.25 Million Placement Appointment of Joint Broker

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




LONDON: 15 FEBRUARY 2005 - Mercator Gold plc ("AIM-MCR; MCRW") announces that it has placed 15,625,000 new ordinary shares of 1p each ("the New Shares") at 8p per share to institutional clients of Ocean Equities Ltd and Phillip Securities (UK) Ltd. The New Shares will rank pari passu with the existing ordinary shares of 1p each, and application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM.

The placement will raise gross proceeds of £1,250,000 and be used to fund drilling at the Company's Meekatharra gold properties in Western Australia and for general working capital.

Mercator also announces that it has appointed Ocean Equities Ltd as joint broker to the Company.


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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