Mercom Oil Sands PLC : Issue of Equity

Mercom Oil Sands Plc (AIM: MMO)

("Mercom" or "theCompany")

Appointment

Mercom announces that it has entered into a financial advisory agreement with Byron Capital Markets Limited ("Byron") to provide Mercom with financial advice concerning ongoing capital funding strategies and other strategic corporate advice.

Under the terms of the advisory agreement, Byron will provide the Company with advice and guidance on its business strategies and corporate focus, facilitate the Company's access to capital markets by making introduction to capital markets participants and help identify any potential acquisition, divestiture or merger opportunities.  Additionally, Byron will provide strategic advice to Mercom with the intent to maximize shareholder value as well as assisting the Company with the structuring of any future transactions.

In conjunction with the advisory services offered over term of the 3 month advisory mandate, Mercom will pay Byron a fee of CAD$50,000, to be satisfied by the issue of 5,600,000 new Ordinary Shares in Mercom at 0.5p per share.

Application will be made for the admission of the 5,600,000 new Ordinary Shares to AIM, which is expected to take place on or about 4 December 2013.  On admission, the new Ordinary Shares will rank pari passu with the exiting Ordinary Shares in the Company.

Following admission, the Company's enlarged issued share capital will comprise 551,839,801 Ordinary Shares with one voting right per share.  The total number of voting rights in the Company is therefore 551,839,801.

Mercom, based in London, the United Kingdom, was founded in 2012 and admitted to listing on AIM on 29 May 2012.  The Company is focused on investing in opportunities in the natural resources and energy sectors, with a specific focus on oil and gas assets.

Byron Capital Markets Ltd., based in Toronto, Canada, is an employee owned full service investment dealer founded in 2009.  Byron's focus, as an intellectually-driven and independent investment dealer, is to provide an unparalleled level of service to institutional investors and corporate clients throughout the lifecycle of their businesses.  The Byron team brings a unique set of skills, insights and experience to important sectors of the global economy including oil and gas, metals and mining, alternative energy, technology, healthcare, life sciences and special situations.

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