SOURCE: The Wall Street Small Cap Reporter

June 16, 2005 07:05 ET

Wall Street Futures Featured Company Mercantile Gold (OTC: MGCP) Up 17 Percent Wednesday

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Wall Street Small Cap Reporter.

DALLAS, TX -- (MARKET WIRE) -- June 16, 2005 -- Wall Street Futures, a leading source of news and information for small cap investors, continues its coverage of Mercantile Gold Company (OTC: MGCP) as its "stock to watch" in the mining and mineral space.

MGCP is a mineral exploration and development company that acquires, discovers and develops world-class deposits of gold, silver, and other minerals. As part of its strategy to identify high-potential projects, MGCP conducts an active and ongoing generative program. As appropriate to create shareholder value, the company enters into agreements to sell or joint venture these deposits to major international mining companies.

This week, MGCP announced that it has signed a major agreement with Newmont North America Exploration Limited, a subsidiary of Newmont Mining, Inc. (NYSE: NEM). The contract grants Newmont the right of first offer with respect to any disposition of MGCP's current and future projects in the Courtland-Gleeson Mining District of Arizona, including the Star-Hill copper-gold project and the Mexican Hat Gold deposit. Newmont may elect to not acquire the offered interests, but instead to take a gross sales proceeds royalty of one percent.

Over the past two months, Newmont has provided MGCP with access to data concerning the Star Hill and Mexican Hat projects, as well as a significant amount of additional exploration work in the Courtland-Gleeson District during the 1980s and 1990s.

Shares of MGCP closed Wednesday at $0.027, up 17 percent on the day. The company appears to be producing relevant news on an ongoing basis, and through good volume, has proven a considerable following. Still trading near its 52-week low, MGCP could be poised for substantial growth if successful in its current mining projects.

Wall Street Futures is also monitoring these mining sector "stocks to watch": BHP Billiton Limited (NYSE: BHP) and Phelps Dodge Corporation (NYSE: PD).

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Wall Street Futures is a news service of Wall Street Small Cap Reporter (WSSCR). WSSCR publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements/opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.

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