Exercise of Share Option

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




LONDON: 10 JULY 2007 - The Company announces that pursuant to the terms of the Company’s Unapproved Share Option Plan and Articles of Association of the Company, one Option Holder has elected to exercise Share Options in the amount of 25,000 Ordinary Shares (“the Shares”) of 10p each in the Company at a conversion price of £0.75 each.

Application has been made for the shares, which rank pari passu with all existing shares, to be admitted to trading on AIM. Dealings in the Ordinary Shares are expected to commence on 12 July 2007.

Following the issue, the total of Shares in issue will be 62,269,912.


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.    
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild    
Keith Irons    
Oliver Winters    


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