Issue of Equity

Mercom Oil Sands Plc (AIM: MMO)

("Mercom" or "the Company")

Issue of Equity

Mercom announces that application has been made for the admission to AIM of 16,410,256 new Ordinary Shares ("New Shares"). The New Shares have been issued at 1.365p per Ordinary Share in settlement of outstanding consultancy fees to a third party. Admission of the New Shares is expected to occur on 11 December 2012.

On admission, the New Shares will rank pari passu with the existing Ordinary Shares in the Company.

 Following admission, the Company's enlarged issued share capital will comprise 333,285,256 Ordinary Shares with one voting right per share. The total number of voting rights in the Company is therefore 333,285,256.

- ENDS -

Enquiries: