Merc International Minerals Inc.

Merc International Minerals Inc.

September 18, 2007 12:47 ET

Merc International Minerals-Filing Statement

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2007) - Merc International Minerals Inc. ("MIMI") (TSX VENTURE:MRK) announces that it has filed a new version of its Filing Statement dated August 31, 2007 regarding its acquisition of all of the outstanding shares of Uranium World Energy Inc. ("UWE") from UWE shareholders (the "UWE Transaction").

Besides minor typographical errors, the new Filing Statement includes corrections in section 4.2 "C" of the original Filing Statement which was filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") on August 31, 2007. In the original Filing Statement reference was made to an exploration program on UWE's mineral properties that was underway and would be completed during the summer of 2007. As this exploration program is not in progress this reference was removed in the new Filing Statement.

In other news, trading in MIMI's shares resumed on the TSX Venture Exchange on September 12, 2007. Trading in MIMI's shares was originally halted on April 9, 2007 pending the release of news of the UWE Transaction. As well, the agreement dated April 18, 2007 and amended June 15, 2007 between MIMI and UWE in respect of the UWE Transaction was extended to October 31, 2007.

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction can not close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the above mentioned filing statement and management information circular to be prepared, any information released or received with respect to the reverse takeover transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Merc International Minerals Inc. should be considered highly speculative.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Merc International Minerals Inc.
    Thomas Pladsen
    President and CEO
    (647) 287-3778
    (416) 628-5911 (FAX)