Five-Year Operating Forecast For Mineral Park Mine 

VANCOUVER, BC - Mercator Minerals Ltd. reported completion of the Phase II expansion project, a five-year operating forecast for its wholly-owned Mineral Park Mine in Arizona.

Bruce McLeod, President and CEO said, "Following the successful completion of the Phase II expansion to 50,000 tons per day, we are pleased to provide a base case five-year operating forecast for the Mineral Park mine. We believe there may be opportunities for improvement upon the base case guidance as we seek further operating efficiencies. In addition, there may be additional opportunities for increased copper and molybdenum production, since we have not included any impact from the positive grade reconciliation between pounds mined to date versus the block model in our five year operating forecast. This reconciliation has resulted in the delivery of an estimated 8.8% and 1.6% more copper and molybdenum respectively than the mine plan had modeled."

As many of the operating cost parameters have changed since the delivery of the Mineral Park technical report in 2006, early in first quarter 2012 we intend to provide operating cost estimates based on current input cost and operating parameters, in addition to capital expenditure guidance for fiscal 2012 for Mineral Park.

The company's address is 1050 - 625 Howe Street,Vancouver, BC V6C 2T6, (604) 694-0005, ax: (604) 558-0058.