Director/PDMR Shareholding

Mercator Gold plc

("Mercator" or "the Company")

Director/PDMR Shareholding

The Board of Mercator Gold plc (AIM: MCR.L, US OTC: MTGDY), the diversified mineral development company, received notification on 26 August 2010 that, on the same date, Mr Michael Silver, Executive Chairman purchased 1,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at 0.67p per Ordinary Share.

Following this purchase, Michael Silver is beneficially interested in 3,080,043 Ordinary Shares, representing approximately 0.93 per cent. of the Company's issued share capital.

Contact:

Mercator Gold plc

Michael Silver, Executive Chairman Tel: + 44 (0) 20 7929 1010

Patrick Harford, Managing Director Tel: + 44 (0) 20 7929 1010

Email: [email protected]

Website: www.mercatorgold.com

Daniel Stewart & Company plc

Oliver Rigby/Tessa Smith Tel: + 44 (0) 20 7776 6550

Old Park Lane Capital plc

Forbes Cutler Tel: + 44 (0) 20 7518 2603

Bankside Consultants Ltd

Simon Rothschild/Oliver Winters Tel: + 44 (0) 7367 8888

Barry Kaplan Associates

Larry Kaplan Tel: + 1 732 747 0702