(All dollars are US$, unless otherwise noted)


Vancouver, B.C. January 20, 2014 - Mercator Minerals Ltd (TSX: ML) (the "Company" or "Mercator") announces that further to the December 12, 2013 press release announcing the proposed business combination between Mercator and Intergeo MMC Ltd. (the "Transaction"), in accordance with the terms of the amended and restated Mineral Park Credit Facility associated with the Transaction, Mineral Park Inc. ("MPI") has entered into copper forward sale contracts totaling 52,963,526 pounds at a price of $3.29 per pound with deliveries due to commence under the contracts effective May 1, 2014. The new hedging program was designed to closely resemble the volumes of the original hedging program closed out in October 2013. Details include:

Year Copper (pounds) Annual price ($/lb)
2014 16,208,322 $3.29
2015 21,005,487 $3.29
2016 15,749,717 $3.29
52,963,526

Associated with the amended and restated Mineral Park Credit Facility, MPI has entered into a termination claim facility ("TCF") of $19,882,532. The TCF reflects the liability as a result of the close out of the copper hedge positions in October 2013 by the lenders of the Mineral Park Credit Facility. Repayments on the TCF are due over a 30 month period from May 2014 to October 2016. The repayments on the TCF are due as follows:

Year
2014 $5,569,472
2015 $7,945,032
2016 $6,368,028
$19,882,532

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.

For further information please visit www.mercatorminerals.com or contact;

D. Bruce McLeod, P.Eng.
President & CEO
778.330.1290
bmcleod@mercatorminerals.com

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

On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
D. Bruce McLeod, P.Eng.
President and CEO

Forward Looking Information
This press release contains certain forward
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