Mercator Gold PLC

Mercator holds an exclusive option over the Copper Flat porphyry copper-molybdenum-gold-silver project in the Las Animas mining district of south central New Mexico, USA.

The Copper Flat deposit has historical reserves of 45.5 million metric tons grading 0.45% Cu, 0.015% Mo, 0.15g/t Au and 2.25g/t Ag (cut-off grade 0.23% Cu), equivalent to 50.2 million short tons grading 0.45% Cu, 0.015% Mo, 0.14g/t Au and 2.04g/t Ag (cut-off grade 0.23% Cu).

SRK Consulting, one of the world’s leading resource engineering firms, has been appointed to complete an NI43-101 preliminary economic assessment of the return of the project, a former producing mine, to production.

Mercator holds a 70% economic interest in ACS Asia, a profitable Asia Pacific focused metal products company with a modern manufacturing facility in Thailand. ACS Asia primarily produces Unistrut branded products, which are widely used in the global construction sector.

The business of ACS Asia, which was purchased from US conglomerate Tyco International in October 2008, is considered to have considerable growth potential and already provides Mercator with a regular income stream.

Mercator holds 50 million shares in Paniai Gold Limited, which has successfully raised pre-IPO financing and which now plans to list on the National Stock Exchange (NSX) of Australia. Paniai Gold is focused on the Area 81 project, a highly promising gold mining and exploration joint venture in Papua Province, Indonesia.

Mercator holds 1 million shares and 4 million performance shares, which will convert into ordinary shares subject to certain conditions, in Silver Swan Group Limited, an Australian Securities Exchange (ASX) listed exploration company that has made a significant base metal discovery of the volcanogenic massive sulphide (VMS) type in Western Australia.

Mercator is to hold a significant interest in Meekatharra Gold Corporation, which is in the process of acquiring the Meekatharra gold project in Western Australia.

It is anticipated that Meekatharra Gold Corporation will seek a stock market listing in Toronto.