Mercator Minerals Ltd. announced, further to the September 30, 2013, October 31, 2013 and November 15, 2013 press releases, the company and Mineral Park Inc. (MPI) has been advised by the syndicate of lenders under the MPI credit facility that an extension of the forbearance in exercising any remedies under the Credit Facility and waiver of certain other covenants until December 6, 2013 will be granted. The company expects to receive executed documents to that effect prior to the close of business on November 29, 2013. As with previous forbearances, this may be extended beyond December 6, 2013 with the approval of the requisite lenders.