Armada Mercantile Ltd.

Armada Mercantile Ltd.

October 13, 2005 16:05 ET

Armada Mercantile Ltd.: Investor Relations Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2005) - Armada Mercantile Ltd. (the "Company") (CNQ:AARM)(PINK SHEETS:AAMTF.PK) announces that in an effort to increase its profile and exposure within the investment community and to provide ongoing shareholder communication support, the Company has engaged 547853 BC Ltd. o/a Quinton Investment Services ("IR Firm") to conduct media awareness and investor relations services to the Company. Headed by Doren Quinton, IR Firm will seek to, among other things, initiate contact with and introduce the Company to industry analysts, institutional and retail investors throughout North America and Europe for a fee of $2,500 (plus GST) per month. The term of the agreement is for a period of 6 months commencing on October 1, 2005 and may be terminated by either party upon 14 days written notice.

As further consideration for IR Firm services, the Company has agreed to grant to Doren Quinton of the IR Firm an incentive stock option to purchase up to 50,000 common shares of the Company for a period two years at a price of $0.25 per share.

Patrick Cole, President

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