Mr. D. Bruce McLeod reports

MERCATOR MINERALS PROVIDES UPDATE ON COMBINATION WITH INTERGEO

Further to the July 15, 2014, press release, given that Mercator Minerals Ltd. and Intergeo MMC Ltd. have not agreed to extend the completion deadline in connection with the proposed business combination between Mercator and Intergeo announced on Dec. 12, 2013, beyond Aug. 1, 2014, the arrangement agreement has been terminated in accordance with its terms. As such, the proposed business combination will no longer proceed.

As a result of the termination of the arrangement, certain events of default have occurred and are continuing under the credit agreement entered into between the company's indirect wholly owned subsidiary, Mineral Park Inc., and its senior lenders, and under the bridge loan agreement entered into between Mineral Park and Intergeo's controlling shareholder, Daselina Investments Ltd. The MPI lenders have agreed to forebear from exercising their various rights and remedies under the credit agreement, until up to Aug. 15, 2014.

We seek Safe Harbor.