Arthur Silber Announces Acquisition of Common Shares of Consolidated
Mercantile Incorporated

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Jan. 13 /CNW/ - On January 12, 2010, Arthur Silber ("AS") acquired ownership of, and control and direction over, 510,800 common shares ("Common Shares") of Consolidated Mercantile Incorporated ("CMI"), representing 10.062% of the issued and outstanding Common Shares (trading symbol "CMI" on the Toronto Stock Exchange (the "TSX")), through the facilities of the TSX. As a result, AS now has ownership of, and control and direction over, 510,800 Common Shares, representing 10.062% of the issued and outstanding Common Shares. AS effected the acquisition of Common Shares for investment purposes. AS may, from time to time, acquire ownership of, or control or direction over, additional securities of CMI, or dispose of some or all of the existing or additional securities he holds or will hold.

SOURCE ARTHUR SILBER

For further information: For further information: or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact: Arthur Silber, 600 Blvd de Maisonneuve West, Montreal, QC, H3A 3J2, Phone: (514) 847-6341, E-mail: arthur.silber@cibc.ca

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ARTHUR SILBER

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