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Welcome to Consolidated Mercantile

History and Development of the Company

Consolidated Mercantile Incorporated ("CMI") is a management holding company which effects its strategy through investment in, management of and merchant banking to its core strategic industries with the objective of creating added value to the Company and its shareholders. Until recently, the Company's core operations included investments in packaging and furniture. In order to maximize shareholder value, these operations were sold in December 2007.

The Company focuses on internal growth of investments and acquisitions of companies having synergistic product lines and technologies, management strength and a presence in markets with the potential for sales of complementary products. Our acquisition strategy is designed to complement and accelerate our pattern of internal growth.

The principal shareholders of the Company have been affiliated with many successful merchant banking and venture capital transactions, and in addition to their investment in CMI, control a number of other operating companies.

PRESS RELEASE

CONSOLIDATED MERCANTILE INCORPORATED REPORTS YEAR-END FINANCIAL RESULTS

Toronto, March 26, 2010 – 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.

For further information, please contact:

Stan Abramowitz, Secretary
(416) 920-0500

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For 2009 Third Quarter Results and the 2009 Annual Report, see key financial data.