Mining Contract Awarded

Mercator Gold PLC 18 April 2007 London: 18 April 2007 MERCATOR GOLD PLC ('Mercator Gold' or the 'Company') MINING CONTRACT AWARDED Mercator Gold Australia Pty Ltd is pleased to announce a 'Heads of Agreement' has been reached with Mining & Civil Australia Pty Ltd ('MACA') to carry out the initial Open Pit mining of the Surprise ore reserve. The contractor will commence mobilisation of plant and equipment on 24 April 2007. MACA is an emerging Western Australia owned and operated company which has quickly established an excellent reputation in the Mining Contracting industry. MACA currently employs approximately 230 people and has completed projects for Lion Ore, Harmony Gold and Croesus Mining. Its current projects include Fortnum (Gleneagle), Jack Hills (Murchison Metals), Wiluna (Agincourt Resources), Kirkalocka (Equigold) and North Dordie (Mincor Resources). Managing Director, Patrick Harford, commented: 'The appointment of Mining & Civil as earth moving contractor at Meekatharra brings us an important step closer to production. We move now from the planning stage to the implementation of our strategy for profitable and sustainable production.' Mercator Gold plc Terry Strapp, Chairman Tel: +61 (0) 412 228 422 Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010 Email: info@mercatorgold.com Website: www.mercatorgold.com Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888 Simon Rothschild Keith Irons Oliver Winters AIM: MCR This information is provided by RNS The company news service from the London Stock Exchange