VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/28/14

Mercator Minerals Ltd. (TSX:ML) (the "Company" or "Mercator"), in connection with the proposed business combination between the Company and Intergeo MMC Ltd., as announced on December 12, 2013, the Company has filed today, under Mercator's profile on SEDAR (www.sedar.com), the Preliminary Economic Assessment Report ("PEA") on Intergeo MMC Ltd's Ak-Sug copper project. The PEA, dated November 8, 2012, was prepared in accordance with National Instrument 43-101 and can also be found on the Company's website.

About Mercator Minerals Ltd.

Mercator Minerals Ltd., a TSX listed base metals mining company, operates the wholly-owned copper/molybdenum/silver Mineral Park Mine in Arizona, USA. Mercator also wholly-owns two development projects in Sonora, Mexico: the copper heap leach El Pilar project and the molybdenum/copper El Creston project.

For further information please visit www.mercatorminerals.com.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

D. Bruce McLeod, P.Eng., President and CEO

Contacts:
Mercator Minerals Ltd.
D. Bruce McLeod, P.Eng.
President & CEO
778.330.1290
bmcleod@mercatorminerals.com

Mercator Minerals Ltd.
David Jan, CA
Head of Investor Relations & Communications
778.330.1295
djan@mercatorminerals.com
www.mercatorminerals.com