Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) is pleased to
announce that it has agreed to acquire all the outstanding shares of privately
held Golden Sierra Resources Inc. ("Golden Sierra") and to appoint Dr. Michael
Byron as Merc's President and CEO. Dr. Byron will also join Merc's Board of
Directors.


Golden Sierra has three wholly-owned Quebec gold projects (see below), an
extensive geological/geochemical/geophysical database, in Ecuador, South
America, and approximately $250,000 in cash.


Dr. Byron is a seasoned exploration professional, with a Doctorate of Science
degree (Geology) from Carleton University, and more than 22 years of domestic
and international experience including research, field work, and senior
management experience in gold, base-metal, magmatic nickel-copper-platinum group
elements, rare earth elements, diamond, and gemstone exploration.  His
background in northern Ontario and proven record of building up gold resources
though exploration is ideally suited to Merc's mandate of offering shareholders
leverage to gold-silver by acquiring projects with historic resource estimates
that have the geological potential to be enhanced through both modern day
exploration and dramatically higher gold-silver prices. Dr. Byron is the
President and CEO and Director of Ginguro Exploration Inc., a junior exploration
company listed on the TSX Venture Exchange that he helped co-found and was
formerly Vice President of Exploration of Aurora Platinum Corp. and Lake Shore
Gold Corp. He is the current President and CEO of Golden Sierra Resources Inc.


In Quebec, Golden Sierra holds the Launay, Disson and La Reine properties, all
of which have good road access: 




(a)   The Launay project lies in Launay Township and hosts a series of
      quartz carbonate veins. Two 1991 diamond drill holes returned 0.4%
      copper and 3.8 grams gold per tonne over 1.2 metres and 1.7 grams
      gold per tonne over 0.6 metre, respectively.

(b)   The Disson property lies in Disson Township hosts a mineralized
      structure that has been tested by three diamond drill holes. The
      northern most hole assayed 1 gram gold and 8.9 grams silver per
      tonne over 1.5 metres, while the western most hole returned 1 gram
      gold and 3.1 grams silver per tonne over 2.2 metres and the eastern
      most hole returned 0.7 gram gold per tonne over 1.3 metre.

(c)   The La Reine property lies in La Reine Township and hosts two strong
      electromagnetic geophysical conductors that occur just north-west of
      the Santa Anna gold deposit.



Golden Sierra also staked six properties in Ecuador, however those properties
were recently reclaimed by the state. Five of the Ecuadorean properties lie in
northern Ecuador and host significant alluvial gold anomalies along trend with
the southern Colombian gold belt. The sixth project is located east of the La
Plata massive sulphide deposit and east of the Capital city of Quito. On April
18th, 2008, the Ecuadorian Constitutional Assembly cancelled 88% of all
concessions, limited companies' holdings to a maximum of three concessions, and
suspended mining activity for 180 days while the Government drafts new mining
legislation. On June 9th, 2008, the government began transferring mining
concessions to the state and in June 2008 Golden Sierra received notification
that its properties have been transferred back to the state. There is a
possibility that once the new legislation is in place the government will give
those companies with cancelled concessions the first opportunity to re-stake
them. While this cannot be confirmed at this time, Golden Sierra's local Ecuador
infrastructure, relationships, project data base and management team will in any
case be well positioned to harness opportunities in Ecuador if the political
environment there stabilizes.


The transaction will give Merc a significant foothold in several prospective
areas of Quebec while also providing an opportunity to capitalize on the current
uncertainty in Ecuador by establishing a beachead in the geologically promising
country. 


Merc has agreed to pay $250,000 in cash and issue 750,000 common shares to
acquire all the common shares of Golden Sierra. The transactions, as well as Dr.
Byron's appointments, are subject to the approval of TSX Venture Exchange. 

 
The foregoing disclosure is based on exploration data and geological reports
supplied by Golden Sierra that have been reviewed and compiled by Dr. Michael
Byron, P.Geo, who is a qualified person for the purpose of National Instrument
43-101. Mr. Byron is an independent qualified person as defined by NI 43-101 and
has reviewed the contents of this press release.


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.


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