Consolidated Mercantile Incorporated reports year-end financial results

TORONTO, March 26 /CNW/ - Consolidated Mercantile Incorporated (TSX: "CMC"; OTC: "CSLMF.PK")

Net Loss for the year ended December 31, 2009 was $232,461 compared to Net Earnings of $347,363 in 2008. Net Earnings for the 2008 year included a Gain on foreign exchange of $1.6 million. Loss per share for the year was $0.04 compared with Earnings per share of $0.07 in the comparable 2008 period.

Consolidated Mercantile Incorporated is a management holding company which effects its strategy through investment in, management of and the provision of merchant banking services to its core strategic industries.

SOURCE CONSOLIDATED MERCANTILE INCORPORATED

For further information: For further information: Stan Abramowitz, Secretary, (416) 920-0500

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CONSOLIDATED MERCANTILE INCORPORATED

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