VANCOUVER, July 13 /CNW/ - Mercator Minerals Ltd. ("Mercator" or the

"Company") is pleased to announce it has obtained the consent of the holders

of its secured 11.5% notes issued February 15, 2007 (the "Notes") providing

for an amendment to the Note Indenture and enabling the Company to redeem the

Notes prior to February 15, 2010 (the earliest date permitted for redemption

under the Note Indenture).

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced

management team that has brought the mill expansion at the Mineral Park Mine,

one of the largest and most modern copper-moly mining-milling operations in

North America to production in less than 2 years. Mercator management is

dedicated to maximizing profits by making its Mineral Park Mine one of the

lowest cost operations in the industry.

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On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,

President

The Toronto Stock Exchange does not accept responsibility for the

adequacy or accuracy of this press release.

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