Vancouver, BC, September 5, 2014 — Mercator Minerals Ltd (TSX: ML) ("Mercator" or the "Company") announces, effective September 4, 2014, the resignation from the board of directors the following: John Bowles, D. Bruce McLeod, Stephen P. Quin, Robert J. Quinn, Daniel Tellechea and Ron Vankoughnett. Also resigning, effective September 4, 2014, are the Officers of the Company: D. Bruce McLeod, Michael Broch, Mark Distler and Marc Leblanc. 

All inquiries regarding the Bankruptcy and Insolvency Act (Canada) proceedings should be directed to the Proposal Trustee at 604-640-3062. Court materials and other information about the proceedings will be available on the Proposal Trustee's website at: www.insolvencies.deloitte.ca/en-ca/Pages/mercator.aspx