TORONTO, ONTARIO--(Marketwire - March 29, 2011) -

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Merc International Minerals Inc. ("Merc") (News - Market indicators) 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.