Mercator Minerals Announces Board Change

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 23, 2013) - Mercator Minerals Ltd. (TSX:ML) ("Mercator" or the "Company") announces the resignation of Colin Benner, for personal health reasons, from the board of directors effective July 23, 2013.

"Colin was instrumental in the acquisition of the El Creston project by Mercator and, with his deep knowledge and experience in the mining sector, has been a valuable contributor to the Company," commented Robert Quinn, Mercator's Chairman, "On behalf of everyone at Mercator, we thank Colin for his dedication and wish him all the very best."

About Mercator Minerals Ltd.

Mercator Minerals Ltd., a TSX listed Canadian mining company with one of the fastest growing base metal profiles in its peer group, is a leading copper, molybdenum and silver producer with a diversified portfolio of high quality operations and projects in the USA and Mexico. Mercator provides investors exposure to current copper, molybdenum and silver production from the large tonnage long life Mineral Park Mine in Arizona, as well as mid-term exposure to copper at the El Pilar deposit in the State of Sonora in northern Mexico and longer term exposure of molybdenum and copper through the development of the El Creston deposit also in the State of Sonora in northern Mexico.

On Behalf of the Board of Directors

Mercator Minerals Ltd.

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