GMT

Montreal, Quebec, September 26, 2013 - Mercator Transport Group Corporation ("Mercator Transport" or the "Corporation") (TSX-V: GMT), announces its financial results for the quarter ended July 31, 2013.

Financial Highlights

Selected Consolidated Results

Unaudited

 ----------------------------------------------------------------
 |(in thousands of Canadian dollars, amounts per|Q1  201|Q1  201|
 |share excepted)                               |3-2014 |2-2013 |
 |                                              |$      |$  re  |
 |                                              |       |cast  2|
 |--------------------------------------------------------------|
 |Logist ics and distribution (Gross Revenues)  |5,561  |8,025  |
 |--------------------------------------------------------------|
 |Customs, duties and t axes                    |(370)  |(1,028)|
 |--------------------------------------------------------------|
 |Net r evenues                                 |5,191  |6,997  |
 |--------------------------------------------------------------|
 |EBITDA 1 (EBITDA 1 loss)                      |(107)  |(456)  |
 |--------------------------------------------------------------|
 |Net l oss from continuing operations          |(480)  |(784)  |
 |--------------------------------------------------------------|
 |Net l oss from discontinued operations        |-      |(285)  |
 |--------------------------------------------------------------|
 |Net  loss attributable to owners of the       |(453)  |(1,042)|
 |Corporation                                   |       |       |
 |--------------------------------------------------------------|
 |Net l oss from continuing operations per      |       |       |
 |share, basic and fully diluted                |(0.012 |(0.021 |
 |                                              |)      |)      |
 |--------------------------------------------------------------|
 |Net l oss per share, basic and fully diluted  |(0.012 |(0.028 |
 |                                              |)      |)      |
 ----------------------------------------------------------------

1 See definition of non-IFRS measure in Mercator Transport's MD&A.

2 See Note 3 (Sale and discontinued operations of West Africa) of the consolidated financial statements for the three month period ended July 31, 2013.

For the quarter ended July 31, 2013, Mercator Transport's net revenues totaled $ 5.2 million, a decrease of $ 1.8 million or 26% compared to the same period last year due to reduced sales in France and Canada, factor partially offset by increased revenues in Argentina. The decrease in revenue is the result of funding constraints of the Company, constraints it currently seeks to solve in order to return to growth mode and profitability.

The Company incurred an EBITDA(1) loss of $(107,000) for the quarter ended July 31, 2013, compared to $(456,000) for the corresponding period of the previous year. The reduction of the loss is attributable to a 30% reduction in selling and administrative expenses as well as to improved gross margins, factors partially offset by lower sales.

A net loss from continuing operations of $480,000, or $(0.012) per share, was recorded in the first quarter of 2013-2014, compared to a net loss of $784,000, or $(0.021) per share, for the corresponding quarter of the previous year due to the improved EBITDA(1).

"The first quarter results are slightly lower than the fourth quarter of last year, with France having a particularly difficult quarter. We had to make organizational changes at our offices in Lyon to try to rectify the situation. At the same time, our team has worked hard in recent months to keep a tight control on costs and improve our margins. Finally, efforts continue to find new financing to allow the company to return to growth mode while targeting a return to profitability," said Mr. Jean-Pierre Apelian, President and CEO.

Results for the first quarter of 2012-2013 have been restated due to the sale of all our West African subsidiaries closed between October 15, 2012 and January 31, 2013. Results for these subsidiaries for the comparative periods are presented in the "Discontinued Operations" section of the income statement.

For further information, please refer to Mercator Transport's management discussion and analysis and quarterly unaudited consolidated financial statements, available on SEDAR's website, at www.sedar.com.

About Mercator Transport

Mercator Transport specializes in air, ocean and ground transport brokerage, international logistics and distribution. Based in Montreal (Canada), with offices in Lyon (France) and Buenos Aires (Argentina), Mercator Transport offers value-added services in global supply chain management, and designs customized solutions. Customer intimacy and commitment differentiates Mercator Transport in its ability to implement customers' requirements.

Neither TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Mr. Robert Gagnon, Chief Financial Officer

Investor relations

investisseur@corpgmt.com

(514) 738-6464

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