Merc Completes Final Tranche of Private Placement

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) is pleased to
announce that it has completed the second and final tranche of a non-brokered
private placement offering consisting of 250,000 units ("Units") at $0.20 per
Unit and 800,000 flow-through common shares ("Flow-Through Shares") at $0.25 per
Flow-Through Share. Gross proceeds of this second tranche total approximately
$250,000. When combined with the initial $9 million tranche previously announced
on March 7, 2011, the aggregate amount raised totals $9.25 million. 


Each Unit consists of one common share and one half of one common share purchase
warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to
acquire one additional common share at an exercise price of $0.35 per share
until March 7, 2013. If Merc's common shares trade at or above $0.50 per share
for twenty-one consecutive trading days, Merc may then accelerate the expiration
of the Warrants upon not less than 30 days written notice by Merc.


The securities issued pursuant to the second tranche of the private placement
are subject to a hold period expiring on July 29, 2011. The gross proceeds from
the sale of the Flow-Through Shares will be used for drilling and exploration of
Merc's expanding gold property position in the NWT and surrounding regions. The
net proceeds from the sale of the Units will be used for general corporate
purposes. The private placement remains subject to the final approval of the TSX
Venture Exchange. 


Forward-Looking Information

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to Merc's financings,
use of proceeds, future expansion in the Northwest Territories and opportunities
in the precious metals space. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects",
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or "believes"
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might", or "will be taken", "occur", or "be
achieved". Forward-looking information is based on the opinions and estimates of
management at the date the information is made, and is based on a number of
assumptions and is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Merc to be materially different from those expressed or implied
by such forward-looking information, including risks associated with the
exploration, development and mining such as economic factors as they effect
exploration, future commodity prices, changes in foreign exchange and interest
rates, actual results of current exploration activities, government regulation,
political or economic developments, environmental risks, permitting timelines,
capital expenditures, operating or technical difficulties in connection with
development activities, employee relations, the speculative nature of gold
exploration and development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes in project
parameters as plans continue to be refined as well as those risk factors
discussed in Merc's management discussion and analysis for the year ended July
31, 2010, available on www.sedar.com. Although Merc has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. Merc does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.

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