Corporate Overview

Mercator Minerals Ltd. (ML:TSX) is a diversified natural resource company engaged in the exploration, development and mining of base and precious metals deposits. The Companys primary focus is increasing the production of copper molybdenum and silver at its 100% owned Mineral Park Mine located near Kingman, Arizona.

The Mineral Park Mine is an open pit copper mine, currently producing copper, molybdenum and silver in concentrates and cathode copper by SX/EX leach extraction. Mercator commissioned and received a preliminary feasibility study in September 2006, which was subsequently updated in December 2006, that demonstrated robust project economics supporting the construction of a 50,000 ton per day copper and molybdenum milling operation in a two-stage expansion at Mineral Park, designed to increase production to an average of 56.4 million lbs copper, 10.3 million lbs of molybdenum and 600,000 ounces of silver per year for the first 10 years of production.

Stage I was commissioned and the Company achieved commercial production in the second quarter of 2009, with a production capacity of 25,000 tons of ore per day through the mill.Stage II of the expansion, increasing to 50,000 tons per day of ore through the mill is expected to come on stream in late 2010.

Mercator's Mineral Park operation provides investors with exposure to a currently cash flow -positive operation and near term exposure to increased copper, molybdenum and silver production at one of the largest molybdenum/copper milling expansion projects in North America.Mercator views the current and future production from Mineral Park as a solid foundation for the Company, to be complimented with additional mineral project acquisitions.