Issue of Equity

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




LONDON: 1 FEBRUARY 2006 - Under the terms of the Agreement for the purchase of the mining and exploration assets at Meekatharra acquired from St Barbara Limited (“SBM”), the Company has issued a further 92,579 new ordinary shares to SBM as final consideration for the exchange rate movement in the Sterling versus Australian Dollar up to the date of settlement.

Application will be made for the new ordinary shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM.

SBM now holds 11,016,949 shares which represents 28% of the issued share capital of the Company. These shares are subject to a “lock in” agreement for a period of 12 months from admission.


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
King & Shaxson Capital Ltd    
Nick Bealer Tel: + 44 (0) 20 7426 5986
Ocean Equities Ltd    
Will Slack Tel: + 44 (0) 20 7786 4375
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: + 44 (0) 20 7493 3713

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