Legal Disclaimer

This web site is the official site of Mercator Minerals Ltd. and its subsidiary companies (the "Company" or "Mercator"). The information provided on this web site is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company assumes no responsibility for the completeness, accuracy and currency of the information. All quotes are provided by servers maintained by individuals or organizations other than Mercator. The Company makes no representation or warranty regarding the accuracy, timeliness, suitability or any other aspect of the information located on such servers and neither monitors or endorses such servers or their content. This web site and the information contained herein do not constitute an offer or the solicitation of an offer for the purchase of any securities of Mercator. The information on this web site is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission or similar authority in Canada or the United States of America has in any way passed on any of the information contained on this web site.

Cautionary Statements

Except for the statements of historical fact contained herein, certain of the information presented constitutes "forward-looking statements". Such forward-looking statements, including but not limited to those with respect to estimates, forecasts, and statements as to management's expectations with respect to, among other things, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary. Factors that may cause actual results to vary include, but are not limited to, certain transactions, certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2008 on the SEDAR website at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements.

*National Instrument 43-101 "Standards of Disclosure for Mineral Projects

All reserve and resource estimates referred to herein have been calculated in accordance with the Canadian Securities Administrators' National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and the Canadian Institute of Mining and Metallurgy ("CIM") Classification system, incorporating economics and confidence level in reporting information. The terms "mineral reserve", "probable mineral reserve" and "proven mineral reserve" "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" used herein are Canadian mining terms, defined in accordance with National Instrument 43-101 in accordance with the guidelines set out in the CIM standards. These terms are not defined in accordance with United States standards and may not generally be used in documents filed with the United States Securities and Exchange Commission ("SEC") by U.S companies. The CIM standards differ significantly from the requirements of the SEC, and descriptions of mineralisation and resource information reported herein may not be comparable to similar information reported by U.S companies. The Company's mineral reserves and mineral resources were reviewed by Eric Olsen, MAusIMM, a mining engineer and an independent mining consultant, and a Qualified Person as defined by NI43-101. Gary Simmerman, BSc, Mercator's VP Engineering, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of and verified the Mercator technical information contained in this website.

Links to Other Sites

The Company's web site contains links to facilitate your access to third party sites. The Company does not control any third party site and is not responsible for the contents of any linked site or any link contained in a linked site. The Company is providing such link to you only as a convenience and the inclusion of any link does not imply endorsement, investigation or verification by the Company of the linked site or Information contained therein.