MERCATOR MINERALS (MLKKF $.377, rating lowered to UNDERWEIGHT from NEUTRAL) PRICE TARGET CUT FROM $0.30 to $0.09 DUE TO LOWER MINERAL PARK 2013 PRODUCTION ESTIMATES and LOWER ESTIMATED COPPER & MOLY PRICES; EL CRESTON PROJECT REMOVED FROM MODELS 3/22/2013

MERCATOR MINERALS (MLKKF $.377, rating lowered to UNDERWEIGHT from
NEUTRAL) PRICE TARGET CUT FROM $0.30 to $0.09 DUE TO LOWER
MINERAL PARK 2013 PRODUCTION ESTIMATES and LOWER ESTIMATED
COPPER & MOLY PRICES; EL CRESTON PROJECT REMOVED FROM MODELS 3/22/2013