Canadian Warrants

Effective immediately, all trading in the additional common shares will trade under the regular symbol ML for regular settlement. The symbol ML.W will be halted for the remainder of the day and will be delisted at the close today.

The common share purchase warrants will continue to trade under the aforementioned trading information at the open today, Jan. 29, 2009, on a regular settlement basis.

Refer to TSX bulletin 2009-0103 dated Jan. 21, 2009, for a summary of the terms of the warrants. The warrants will be governed by the terms of a warrant indenture between Mercator Minerals Ltd. and Computershare Trust Company of Canada, as trustee. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

The TSX has been advised that the underwriters have exercised their overallotment option and as a result, pursuant to the prospectus offering, an additional 50,024,137 common shares and 16,674,712 warrants will be listed at the open today, Jan. 29, 2009. The listing covers 33,349,425 units to be sold to the public at a price of 70 cents per unit, pursuant to the terms of a short form prospectus dated Jan. 22, 2009.

Mercator closes offering of shares, notes and warrants

2007-02-15 10:54 ET - Prospectus Approved

TSX bulletin 2007-0218

The following trader note was released by Toronto Stock Exchange on Feb. 15,
2007, at 9:27 a.m.

IF, AS AND WHEN ISSUED PROSPECTUS OFFERING OF COMMON SHARES,
11.5% SECURED NOTES AND COMMON SHARE PURCHASE WARRANTS

Further to Toronto Stock Exchange bulletins 2007-0177, 2007-0178 dated Feb. 8,
2007, and 2007-0186 dated Feb. 9, 2007, the TSX has been informed that the public
offering of the following has now closed:
Common shares
Stock symbol: ML.W
Cusip No.: 587582 99 0
Currency: Canadian dollar
11.5-per-cent secured notes
Stock symbol: ML.NT.U
Cusip No.: 587582 AA 5
Currency: U.S. dollar
Common share purchase warrants
Stock symbol: ML.W
Cusip: 587582 11 5
Currency: Canadian dollar
Effective immediately, all trading in the additional common shares will trade under
the regular symbol ML for regular settlement. The symbol ML.W will be halted for the
remainder of the day and will be delisted at the close today.

The notes and warrants will continue to trade under the aforementioned trading
information at the opening today, Feb. 15, 2007, on a regular settlement basis.
Interest will commence accruing on the notes today at the rate of 11.5 per cent
based on a 365-day year.

Refer to the TSX bulletin 2007-0177 dated Feb. 8, 2007, for a summary of the terms
of the notes and warrants. The warrants will be governed by the terms of a warrant
indenture between Mercator Minerals Ltd. and Computershare Trust Company of
Canada, as warrant agent. The warrant indenture will provide for appropriate
adjustments to the warrants in the event of stock dividends, subdivisions,
consolidations and other forms of capital reorganization.

Pursuant to the prospectus offering, an additional 8,337,500 common shares of the
company, $120.0-million (U.S.) principal amount of notes and six million warrants
will be listed at the open today, Feb. 15, 2007. The listing covers common shares to
be sold to the public at a price of $3.00 per common share and units, with each unit
consisting of $1,000 (U.S.) principal amount of notes and 50 warrants, to be sold to
the public at a price of $980 (U.S.) per unit pursuant to the terms of a prospectus
dated Feb. 8, 2007.