Mercator Gold PLC

Mercator Gold plc is pleased to draw attention to the announcement made today by Silver Swan Group Limited (ASX: SWN) (“Silver Swan”) regarding the results of drilling at Silver Swan’s Austin copper-zinc-gold-silver deposit in Western Australia. Austin is a volcanogenic massive sulphide (VMS) deposit located within the package of exploration tenements sold to Silver Swan by Mercator in 2008.

Mercator Gold plc is pleased to announce that it has entered into a partnership with Remote Energy Solutions, LLC (“RES”), an established renewable energy developer, in relation to the Warm Springs solar power project (“the Warm Springs project”) in New Mexico, USA. The Warm Springs project is being developed in close proximity to the Copper Flat copper-gold-molybdenum-silver project (“Copper Flat”) by Mercator’s subsidiary Warm Springs Renewable Energy Corporation (“WSREC”).

HIGHLIGHTS

Mercator Gold plc, the diversified mineral development company, is pleased to announce that the Mineral Resources of the Copper Flat copper-molybdenum-goldsilver deposit located in New Mexico, USA have been estimated by SRK Consulting (US), Inc (“SRK”) at 107 million short tons grading an average of 0.303% copper classified as Indicated Resources with an additional 46 million short tons grading an average of 0.240% copper classified as Inferred Resources. The resource is stated above a 0.12% copper cut-off and contained within a potentially economic open pit.

The Mineral Resources are reported in accordance with Canadian National Instrument 43-101 (“NI43-101”) and have been estimated in conformity with the generally accepted Estimation of Mineral Resource and Mineral Reserves Best Practices guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”).

The SRK Mineral Resource statement for the Copper Flat deposit is presented in Tables 1 and 2 below.

The Company received notification on 20 May 2010 pursuant to the Transparency Directive’s Transitional Provision 7, that:

HIGHLIGHTS