Merc Closes $9 Million Private Placement-Appoints Mark Goodman to Board of Directors

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES 

Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) is pleased to
announce that it has completed the first tranche representing $9 million of a
$9.25 million non-brokered private placement financing and has appointed Mark
Goodman to its Board of Directors.


Companies controlled by Ned Goodman subscribed for $3,970,000 of the private
placement representing approximately 19% of total shares outstanding, rendering
Mr. Goodman Merc's largest shareholder. Other significant participants in the
private placement include the Jodamada Foundation, Northfield Capital
Corporation, Pinetree Capital Ltd., AlphaNorth Asset Management, Sheldon
Inwentash, Pat DiCapo, members of the Goodman family and certain directors of
Merc.


The first tranche of the offering comprised 14,400,000 units ("Units") at $0.20
per Unit and 24,480,000 flow-through common shares ("Flow-Through Shares") at
$0.25 per Flow-Through Share for aggregate gross proceeds of $9 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 for
a period of 24 months following the closing date. If Merc's shares trade at or
above $0.50 per share for 21 consecutive trading days, Merc may then accelerate
the expiration of the Warrants upon not less than 30 days written notice. The
private placement remains subject to the final approval of the TSX Venture
Exchange.


In connection with this financing, Merc paid aggregate cash finders' fees of
$168,750 to CoreCap Inc., a division of GFI Investment Counsel, and PowerOne
Capital Markets Limited. The securities issued pursuant to the first tranche of
the private placement are subject to a four month hold period expiring on July
8, 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.


David Wiley, Merc's President and CEO, stated, "This financing provides
shareholders with significant capital to advance Merc's current priority targets
and future targets as we continue to grow our asset base in this fertile and
historic gold mining camp. As important as the financial strength gained through
this offering, is the strong sponsorship acquired, including an impressive and
proactive group of seasoned mining investors. We look forward to working jointly
with them."


Merc is also pleased to report that Mr. Mark Goodman has joined its Board of
Directors. Mr. Goodman has been working in the financial services and mining
industry since 1992. He began his career working for Dundee Corporation and has
held numerous positions within the organization. In 2005 he founded Cogitore
Resources Inc. ("Cogitore"), a base metal exploration company active in Northern
Quebec. He has also served as President and CEO of both Valdez Gold and Cogitore
and is currently the Executive Chairman of Cogitore. He sits on the Board of
Directors of several public and privately held companies including Cogitore,
Corona Gold Corp., Ryan Gold Corp., Energy Fuels Inc., Odyssey Resources Inc.
and the Dynamic Venture Opportunities Fund (Ontario Labour Sponsored Fund).


Mr. Goodman replaces Mr. John Tait who has stepped down from the Board after
serving since Merc's initial public offering. 


"On behalf of the Merc Board of Directors we welcome Mark Goodman to the Board
and look forward to working closely together as we develop and advance this
exciting area play." said John McBride, Merc's Chairman. "We would also like to
thank John Tait for his longstanding support and material contribution."


About Merc International Minerals Inc.

Merc is a Canadian-based exploration company focused on acquiring and developing
gold mineral properties in the Northwest Territories and surrounding regions.
Its primary land position covers approximately 61,000 acres or 25,000 hectares
in the Indin Lake Gold Camp, located approximately 200 kilometres north of
Yellowknife, Northwest Territories.


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. This press release is not, and is not to be construed in any way as, an
offer to buy or sell securities in the United States.